Eurozone officially falls back into Recession

[araine]

Somalia doesn't even have a government.

Fail comparison.

Thats the ultimate small government, and no taxes either. MUST be a dream country

[Deleted]

Thats the ultimate small government, and no taxes either. MUST be a dream country

In the huge healthcare thread there was an anarcho-capitalist who was consistent in this case, and was praising Somalia for their functioning anarchy, their great development and that they are really better than all other countries in East Africa. The huge refugee camps full of Somalis just across their borders are just some weird coincidence, and unrrelated to the undeniable facts that show Somalian greatness.

---------- Post added 2012-11-17 at 10:20 AM ----------

Recession that its source was unregulated capitalism (or even corporalism), blamed on socialism and people try to fix it by... some more unregulated capitalism.

Summed up best.

[Beavis]

HAHAHAHHAA

This straw man argument is hilarious. No seriously. Thank you.
Somalia is oh so free market bro's! *sarcasm*.
You know nothing about Somalia so shut your face.

In other words: "I've got no counter argument so I'm going to tell you to shut up" Somalia has markets with zero government regulation and almost no governmental oversight over anything else. If you can convincingly argue why unregulated capitalism and minimal government won't be Somalia, Haiti, Afghanistan, or some other Hobbesian hellhole, I will eat my boot and post pics as proof.

Typical anti freedom zealot that things he needs to force people to do things.
People that think like you... actually no. See I respect your opinion and your right to say what you believe in. I would even defend your right to say that if it meant death.

Typically, people who respect other's opinions generally don't tell people to "shut your face."

[Deleted]

Back into recession? I though the recession from 2008 never really ended.

[Beavis]

Dead serious. Might want to take a look.

Comparing the libertarian "limited government" ideal to Somalia is beyond stupid.

Why? Because it shows that it's a terrible idea? Somalia is one of a handful of human societies that genuinely have no government oversight, yet anarchists and libertarians scotsman their way around the obvious challenge it presents.

Remember, the burden of proof is on the individual challenging the status quo, not the individual defending it. You need to tell me why the law of the jungle won't rule without the law of man. I don't need to tell you why it will.

---------- Post added 2012-11-17 at 10:23 AM ----------

I know I'm a tad late, but I have to comment on this.

I find stuff like this fascinating. This could be a monumental time in history, these next couple decades (yes, I realize that's a wide stretch of time). The nations that serve as the driving force towards transhumanism are being formed now. Whether a united Europe is a part of that or not could very well be decided soon.

I understand that this is a bit insensitive, but from a purely observational perspective with an eye towards the future, I am excited to see how this develops.

I find it fascinating too. It's kind of like watching the back story to a sci-fi novel unfold before our eyes.

[Defang]

They need a larger government to control this recession. Obviously the private sector is failing them. Why leave up to the people who only want to make money?

I'm sure the politicians know best.

[Beavis]

They need a larger government to control this recession. Obviously the private sector is failing them. Why leave up to the people who only want to make money?

I'm sure the politicians know best.

Yep, that's why the US is in the shit and the EU is doing great. Austerity works! News @ 11.

[walexia]

Wonder how many posts we'll get in before someone blames it on Socialism.

in a socialist society the whole country feels the pinch, while in capitalistic societies like america some feel it more than others which can highly skewer the results as to how bad it is.

[Deleted]

It is quite intriguing how the left-wing nuts in here think limited government=anarchy.

[Deleted]

It is quite intriguing how the left-wing nuts in here think limited government=anarchy.

I don't think anyone here ever stated that, only that extreme libertarianism (which does equal, at best, barely any government) sucks.

[Deleted]

Northern Europe is hurting? I haven't really noticed. Massive industrial protests? Haven't heard any of those either.
They should just get rid of Spain, Greece and Italy. They're irresponsible and corrupt. Infact, let's get rid of quite a few countries out of the EU parlament as well, specificly the eastern European ones, let them take responsability on their own instead of hitching a ride.

While conveniently ignoring that one man's loss is another man's gain.

[Deleted]

Clearly you guys just need a good dose of American capitalism and no more of that commie bullshit like obama is trying to put on us!

Obama is pushing against a tide of imbeciles in an effort to save the US economy. Hopefully with Romneys failure the tide will subside a little and shit might actually get done.

Thats the ultimate small government, and no taxes either. MUST be a dream country

If you like living in constant fear of being murdered for anything you own it's a lovely place to live

[anveena]

Sounds like Eurozone could use more austerity measures

[Klutzington]

Not so fast!

Damn you, Kermy!

[Deleted]

Weirdest thing is that to solve a crisis, money needs to spent, yet we always do the exact opposite. Generally in good times governments increase there spending and in bad times they cut spending. Logically we should cut spendings in good times and increase them in bad times. This idea of thinking would actually dampen the extreme high peaks (the bubbles) and the extreme lows (full blown crisis).
As for the Netherlands dropping the hardest, we also have risen faster before the crisis so it's not something weird. Also people need to realize that paying taxes (and we pay quite a lot of them here) is not a bad thing. Taxes get spent again and mostly in you own country. Economy is a pump: there's only a fixed amount of monetary value and the worth of the economy is determined on many times that value passes through the system. We pay a lot of taxes, but we also get a lot back for it. Our strength lies in the fact that we have a quite large middle class and socialism has had it's part in that.

[Heltoray]

Why do people voice an "opinion" here when they know less than nothing about the topics at hand?
Seriously, what is this shit about Somalia... I honestly can't believe what I'm reading.

[Northern Goblin]

Christmas spending will probably bump against the recession. There's been a lot of global economic unease this year hinging on the American elections and how it's going to unfold in the coming months with the tax breaks ending.

Still I'm somewhat glad that the British government pulled out of the last bailout plan a few months back.

[Jackmoves]

While conveniently ignoring that one man's loss is another man's gain.

Not sure what my country gain from the Suffering of Greece, Spain etc. We havn't been part of the bailouts, we did help out with Iceland, Ireland and the Baltics though.

That being said, the last report I read said that Greece had made some small progress, which in turn meant the ECB and Euro countries have given them some slack. It's not all doom and gloom, I have no doubt we'll get out of this, but it might take some time. USA doing OK, will help out to, as long as the Euro zone don't drag them down instead. We'll see.

[Deleted]

Clearly you guys just need a good dose of American capitalism and no more of that commie bullshit like obama is trying to put on us!

Calm down

Nope. Bye.


EDIT: Trolled

[Jackmoves]

Just thought I'd add Sweden into this, SCB always report quarterly reports some 60 days later.


Sluggish Swedish economy still beats growth forecasts

By Charles Duxbury

STOCKHOLM--Swedish economic output growth slowed in the third quarter amid a drop in exports, official data showed Thursday, but the slowdown was slightly less abrupt than economists had expected.

The economy expanded 0.5% compared with the previous quarter and 0.7% from the same period a year earlier, Sweden's statistics office said. Economists polled by Dow Jones Newswires had expected quarterly growth of 0.2% and annual growth of 0.5%.

In the second quarter, the Swedish economy expanded 0.7% from the preceding quarter and grew 1.3% from a year earlier.

The gross domestic product data gave a small boost to the Swedish krona which strengthened to SEK8.5963 to the euro from SEK8.6146 before the numbers were released.

The statistics agency said that, amongst other things, household consumption expenditures grew by 1.3% while exports fell by 2.3%.

About half of Swedish gross domestic product comes from exports and some 35% of goods shipped from the Nordic state go to the troubled euro zone. As the bloc struggles to get to grips with some crushing debt, its demand for imports from Sweden has fallen.

Sweden's central bank is widely expected to cut its benchmark interest in December to give the economy a lift. The Riksbank expects growth for 2012 as a whole to slow to 0.8% from 3.9% in 2011.

Sweden's finance minister recently said his September forecast of 1.6% growth this year now looks too optimistic.