Yeah that is true during Apartheid, and of course there would be spill over. But the new government after the Apartheid regime under the leadership of Jacob Zuma started embracing the system, creating their own elites known as tenderpreneurs. The ANC, and promoted by Mandela,have also promoted cadre deployment where rather friends of the ANC get government positions instead of the best and most qualified person, so also a form of discrimination. But 30 years of ANC rule we might see the first coalition government. I am not sure how it will turn out but it will be interesting
Exactly, stop the runaway inflation. Small inflation is good, stops the hoarding of capital, but runaway inflation just destroys capital. Usually an independent central bank aims for 3-6% inflation to bring stability to a country, and stability leads to prosperity
I think a lot of people forget how before the war, but after the 2014 annexure, Ukraine begged to be able to buy western weapons, such as the javelin, because one random guy can take out a whole tank (great force multipliers against the russian bear). Great deterrent. But they were not approved because they fought giving arms for Ukraine would provoke and not deter, and that dialog and greater economic integration with Russia would be the solution.
So the west miscalculated, luckily Russia as well and Kiev did not fall, but now Ukraine is in a war, and unlike previously where they could have put resources into acquiring western weapons, they now have to input their resources into fighting and defending their country.
The EU and America have stepped up initially, like 90% of the pledges went straight back into the American economy, since the give Ukraine their old stock and manufacture replacement stock for themselves. EU is close to matching USAs total contributions and if you look at France and their economy's size they are percentage wise out spending the US in contributions.
The nice thing here is most support money gets spend in their own country, stimulating their economy, Ukraine is putting their own citizens and soldiers life on the line and it will weaken a common Nato foe. But not supporting Ukraine will emboldened Russia and now that most of their military ineptitude and corruption has been exposed and is being improved, Russia might calculate further expansion, since that is their modus operandi.
Agreed, but similar to how businesses retrench and let good with bad people go they do make mistakes, but hopefully they are not doing it blindly with a dart board and pictures, but rather through analysis in determining what fat they can cut and what part is muscle. I am right now as we speak in the middle of a company restructuring, where they are retrenching about 13% of employees. Won't lie it is not nice going through it but also this is my third time going through it and on a personal note it is not fun but in a broad sense I understand why the company has to do it.
Depends on how many people government employed. If they have multiple people in the same positions, or in useless positions then a new government can greatly reduce public spending and free up a lot of funds.
I know my country is not Argentina, but I am from South Africa, where it is the current and ruling (for the last 30 years) government's policy to employ people closely aligned with them, or as they like to call it cadre deployment. So many people in government are just friends here with salaries way more than the private sector, where the government employs about 2% of the population but 30% of the current budget for the whole country is allocated towards their salaries.
Don't get me wrong, pulic sector workers do a great deal in ensuring a functional society. But what happens when a government turns this idea into a grafting scheme to enrich their friends.
Now I do not speak for Argentina, but if their previous government did the same I am with there new effort in reducing public sector wages to lower the tax burden and free up money to rather help a larger part of society than a few
Yeah true, many examples could bee true, like the kid could even be a prick and this could be for his buddy that needs a cancer donation page, Like this one.
I could not know, nor can you, due to the limited information we received, I made up a scenario and you made up a scenario. I think chances, like you mentioned in the start, are neither of us being correct or incorrect, we both are just talking around Schrodinger's website
I would take the $500 upfront and just log in to Squarespace or whatever website building service there is, do a simple design, tell him he needs to pay this subscription, argue with him and dad why there must be monthly or annual fees and they could have done this themselves for cheaper, whichever way they chose to pay the subscription or not I still get $500 for 2 hours work and the knowledge my father won't bother me again with website designs
Yeah windows 8 was terrible. Windows 11 was not that bad, enjoyed it a bit, except that nagging feeling I am being mined for data. But what killed it for me is the instabilities, my PC stuttered and froze like crazy, and all they say is do a clean install. So I clean installed, Mint that is
Well it seems I made wrong assumptions in my initial calculations. But they are using wealth, so yes house valuations and retirements plus investment. But here is the caveat, you have to minus dept. So if you have houses and cars worth let's make this figure up, $15mil, maybe $1mil in retirement, savings, investment and loose cash you might be worth $16mil to the common people. But if you have let's say $20mil in dept, then according to wealth valuations a homeless person has more wealth than you. Remember wealth estimates like this does not include income and earning potential
Ok so I am looking at America specifically, they have since the 1928 till now had an inflation rate of about 3,3%. Now the Fortune 400 companies had a growth of 9,9% during that same period. So if a kids parents invests in their name $1350 a month for 18 years, assuming semiannually compound, that would make the kid top 1% globally.
Ok hear me out. I just want to do quick maths. The world population is according to worldometer just over 8,1 billion people. So 81 million people make up the top 1%. So this article says they have now 44,6 trillion dollars. So $44600000000000/81000000 is equal to $550617.28 per person in the one percent. So that means if you have more than $550 000 in wealth, you are a one percenter.
I am curious if the wealth of the top % as a value has grown or outpaced the rate of inflation and population growth added together.
Yeah, Steam really is an asset and ally to Linux gaming scene. So glad the steam deck worked out for them after their failed steam machine failure, shows they don't give up on their vision but also change and adapt to come up on top.
Yeah, it's a nice almost out of the box and getting started distro. I have tried Arch and Manjoro about 8 years ago, not for me, nice customisation but it is really too bleeding edge with the rough edges that go with it. After trying a crap load of distros I like the boringness of Mint