Quote:
Originally Posted by drifting sun
Soviet Union was Communism (started out as Stalinism), not mixed, regulated markets; Latin America suffered from the U.S. constantly propping up brutal dictators to force open their markets and let wealthy corporations rape and pillage with impunity. France, Spain and Italy: current economic woes are not just due to their overzealous spending on public programs, they were hit the same way we were with the housing bubble, and other financial sector shenanigans.
Well, how about Ireland? What about that country that was renowned for being a low tax haven, one that was supposed to attract and spur on all this great corporate investment, and then trickle down economics would come into play, tweaking everybody's happiness meter, etc. etc. Why are they on the brink of economic collapse and ownership by the IMF and global financiers?
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First of all, your comments are just ludicrous.
But let's focus on your example. In 1960 Ireland was the poorest country in the EU. It decided to try lowering taxes and encouraging high-tech to come to their country and train their people. In spite of the rest of Europe doing their damnedest to outlaw the low taxes, they managed to become BY FAR the most tech savvy and literate populace in the EU, outgrow every economy in the EU by a mile and cause Dublin to become one of the economic and nightlife centers of all Europe. All in a country that shouldn't have ANY economic activity (terrible weather year round, few people, short growing season, on the periphery of Europe, competing with the German juggernaut, British finance, French culture, Spanish weather and Greek low prices).
Really an unparalleled success story. Check out what Dublin looked like in 1950 and today. Or call your local Irish Development representative and ask what he thinks of their development program. An insane success.