Quote:
Originally Posted by Cyclops
I have an opinion, the same as you and the same as everyone else in here. But because people don't agree with my opinion or it doesn't fall in line with their opinion then I'm labeled a fool.
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Rightfully so, I might add.
Anyway, the global economy is currently facing some headwinds, and will continue to do so for some time due to significant systemic issues like demographics, stagnating innovation, and wealth inequality. Global capital net-flows are decreasing. The free-market system that brought us such abundant, and widespread wealth is going through some significant shocks.
Governments everywhere are strapped for ideas as to how to respond appropriately. As many have mentioned, public finance models will have to be reformed significantly to avoid the risk of collapsing altogether.
It is on this point that our current government is appallingly ignorant. Personally, I have no issue with so-called progressive goals. I want wages to be high, the poor to be taken care of, and universal health-care. However, if you think that our current government has made any innovative headway on those files, you are fooling yourself.
We have been remarkably shielded from global economic woes for the past 10 years. Now we are sitting where everyone else is, and does no one any good to pretend otherwise.