US and Allies Launch Strikes on Syria

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Grigoris
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Re: US and Allies Launch Strikes on Syria

Post by Grigoris » Sun Apr 22, 2018 7:25 pm

Malcolm wrote:
Sun Apr 22, 2018 6:32 pm
Yes, but it will just get worse under a socialist government.
No.
And then you would end up exactly like Venezuela, which has centrally controlled pricing.
We used to have centrally controlled pricing in Greece during the 80's, and it worked just fine. Actually, the 80's were a peak period for Greece's economy.
"My religion is not deceiving myself."
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"Butchers, prostitutes, those guilty of the five most heinous crimes, outcasts, the underprivileged: all are utterly the substance of existence and nothing other than total bliss."
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Malcolm
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Re: US and Allies Launch Strikes on Syria

Post by Malcolm » Sun Apr 22, 2018 8:11 pm

Grigoris wrote:
Sun Apr 22, 2018 7:25 pm
Malcolm wrote:
Sun Apr 22, 2018 6:32 pm
Yes, but it will just get worse under a socialist government.
No.
And then you would end up exactly like Venezuela, which has centrally controlled pricing.
We used to have centrally controlled pricing in Greece during the 80's, and it worked just fine. Actually, the 80's were a peak period for Greece's economy.
Greg, the Greek economy stalled out in the 80's.
Real per capita GDP growth was 0.23% a year in the 1980s, versus 7.9% in the 1960s and 4.64% in the 1970s.
In 1980, the average Greek had a standard of living that was 7% below their European peers; by 1989, the gap was 24% below.
Unemployment rose from 2.7% in 1980 to 6.7% in 1989.
Real compensation per employee was flat in the 1980s, while it had grown 4% in the 1970s.
Public debt climbed from 22.3% of GDP in 1980 to 64.2% in 1989.
Total factor productivity, an admittedly nebulous measure of how efficiently an economy combines inputs to generate output, fell by 0.85% a year in the 1980s versus a 6% average annual growth in the 1960s and 2.53% growth in the 1970s.
Net fixed capital formation, a measure of how much fixed capital was invested in the economy after depreciation of existing assets is taken into account, declined by an annual average of 0.17% in the 1980s, while it had grown by 16% on average in the 1970s.
Industrial production grew by a mere 1.3% a year in the 1980s while it had grown by 10% a year in the 1970s.
Average inflation in the 1980s was 19.5% versus 2% in the 1960s and 12.3% in the 1970s.
http://www.greekdefaultwatch.com/2010/0 ... reece.html

You must have meant the 70's.
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Grigoris
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Re: US and Allies Launch Strikes on Syria

Post by Grigoris » Sun Apr 22, 2018 8:17 pm

Malcolm wrote:
Sun Apr 22, 2018 8:11 pm
Greg, the Greek economy stalled out in the 80's.
You have to be careful of economic statistics when it comes to Greece, for two reasons: 1. The Greek (government) statistical service which provides the economic data was caught lying, a number of times. 2. A large section of the Greek economy works illegally based on cash transactions. 3. Official employment statistics are largely BS, as most Greeks used to work unregistered and uninsured preferring to take the cash in their hand (especially in seasonal industries like agriculture and tourism).

I can assure you that the Greek economy was doing just fine during the late eighties. The serious downturn happened in the mid-nineties.

That is why I said that tax evasion was one of the major reasons for Greece's crash and burn. There are huge amounts of Greek money sitting in Swiss (and other offshore) bank accounts.
You must have meant the 70's.
The 70's was the junta. They did engage in large scale industrial and animal husbandry projects and social housing (National Socialist, you see...) but most of the figures in that period are fudged too.
"My religion is not deceiving myself."
Jetsun Milarepa 1052-1135 CE

"Butchers, prostitutes, those guilty of the five most heinous crimes, outcasts, the underprivileged: all are utterly the substance of existence and nothing other than total bliss."
The Supreme Source - The Kunjed Gyalpo
The Fundamental Tantra of Dzogchen Semde

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Re: US and Allies Launch Strikes on Syria

Post by Mantrik » Mon Apr 30, 2018 6:23 pm

As predicted, the major players are using their proxies to continue the fighting:

https://www.thetimes.co.uk/edition/worl ... -pskn5pkbp
http://www.khyung.com

Micchāmi Dukkaḍaṃ (मिच्छामि दुक्कडम्)

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