Egypt is going to starve.

Discussion in 'Politics & Religion' started by thesickearth, May 11, 2011.

  1. wekop

    wekop Peon

    Messages:
    1,046
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #61
    State super power like the USA, would have the tactics and strategy in running its economy well. good human resources but has no natural resources. but they still became the ruler of the world economy. great
     
    wekop, Jun 9, 2011 IP
  2. Mia

    Mia R.I.P. STEVE JOBS

    Messages:
    23,694
    Likes Received:
    1,167
    Best Answers:
    0
    Trophy Points:
    440
    #62
    Every nation that bases their economic survival on consumption as a form of wealth creation is destined to fail. Eventually those consuming outnumber those producing the wealth. Egypt like Spain, Italy, Greece and now the US are fine examples of why Keynes' theories are bunk.
     
    Mia, Jun 10, 2011 IP