Become a fan of Slashdot on Facebook

 



Forgot your password?
typodupeerror
×

Comment Re:1% are failing us again (Score 1) 57

Like I said, you can't at the same time ask for "growth" in your own nation without expecting someone else somewhere to lose out.

Why not? Progress of science and technology can help us to produce more, to live better and have more wealth. In fact, improvement of technology goes very well together with greater social equality. A slave is not as effective worker as a well paid technician.

Global trade is good in theory. In practice it doesn't work too well in many cases because of asymmetric power. Rich countries can afford to influence trade in their favor and there are no world government that would not allow this.

Comment Re:1% are failing us again (Score 1) 57

I suggest you to learn about the world economy and what it means to have a growth. Economy is not a zero sum game except when it is.
It's the same when you look to different countries too, the cost of living makes a difference.

Absolutely not. If you want to compare taking into account the cost of living then use purchase parity by all means. On a national level you may be right but to say that some malnourished Somalians have approximately the same quality life as Londoners is nonsense.

The line diving 1% is arbitrary. It is not about some mystical qualities that divide them from us but that the fragile balance of democracy, power and wealth generation is broken and needs to be reestablished. It is not against people having more money but objection towards the system where wealthy have most of political power and use it unwisely, not for the benefit of the nation, what to speak about world's population.

Comment Re:1% are failing us again (Score 1) 57

Nope, "life always worked" is not how economy has ever worked since humans climbed from the trees and started to organize societies. It is all conscious intellectual construct. Some systems are better than others (capitalism vs. communism) but every one is created and continuously tinkered by careful deliberation.

I have no problem having some income inequality as long as it creates the most efficient system for growth. It is not happening at the moment. 20% unemployment in some parts of Europe is obscene. Unemployment among young people is almost 50% in certain areas. Something needs to be done and the richest people has the greatest power and possibility to rectify the situation. But as they are relatively wealthy they don't feel the pressure. They don't feel the pain of young people whose dreams are crushed by inability to find meaningless employment. It is the responsibility of us, 99% to exert pressure on them to do something.

Comment Re:1% are failing us again (Score 1) 57

Just do whatever that leads to economic recovery and growth and more income equality.

But don't mix up morality with legality, please. When bankers engaged in reckless risk taking and bankrupted us all in the process, it is hard to find a law against them but morally they were thieves in the direct meaning of the word.

Comment Re:1% are failing us again (Score 1) 57

Europe is now in a deflationary spiral due to clueless economists and politicians. Basically is because currently the richest people for various reasons choose to invest their money not where it gives the highest economic benefit and growth to the nation/country/world/etc., but where they can retain their relative superior position over others.

And don't think that the US can somehow avoid being affected by this. The globalization, you know.

Comment Re:1% are failing us again (Score 0) 57

I wasn't even in 1% of the world. In fact, Latvia is somewhere in the middle on the world income scale. Not destitute but also not too good. But Latvia's income position has steadily declined during the last 20 years since the dissolution of the Soviet Union and brave acceptance of capitalism. The Soviet system was terrible but US dictated capitalism has not made as richer. In essence, it has merely increased income inequality or in other words, redistribution of wealth also know as stealing.

Comment thumbs up is also offensive in some cultures (Score 1) 262

In Ukraine showing thumbs up with your hand is considered obscene due to some vague reference to erected penis. I have been reprimanded for showing it by older Ukrainians. I think that younger people no longer care about this though.

Wikipedia also mentions that it is also offensive in Iran but I have no direct experience about it.

Comment Re:Phone booths (Score 1) 81

Sorry to disappoint you but Latvian payphones are disappearing too. There is no real need for them as even tourists can use cell phones. In fact, Latvia has very cheap prepaid plans. One can buy a SIM card for $2 practically from every newspaper stand and use that for calls and data. 3G coverage is practically everywhere and while it is not Wi-Fi speed, it is enough for all practical purposes of mobile use. You can use tethering as well. Or simply use 3G stick (modem).

Lattelecom still sells Wi-Fi access plans that can be used in coffee shops, gas stations and other establishments. But the price is no longer that cheap. Now it is $4 per day and $10 per month.

Slashdot Top Deals

Top Ten Things Overheard At The ANSI C Draft Committee Meetings: (5) All right, who's the wiseguy who stuck this trigraph stuff in here?

Working...