Viddler

Excellent discussion and far superior to all that came out of the G20 summit and the well overhyped protests

Its better to try to get to grips with the economy as a real political discussion than to attempt dreaming up magic bullets for the financial markets like the G20.

was good to see someone suggest that it's not just the bankers but the government

Interesting to see that young people have opinions in that debate.

It is a good debate about the economy, it is also interesting to see countries that were once considered developing could that now become the biggest economies in the world. It is true that no one expected the credit crunch because of globalisation etc. I am skeptical about the role that China would be playing in Africa, once again outsiders are using the raw materials from Africa for their own gain. The good thing about China's role in Africa is that they are trying to develop the infrastructure there.

Why do people not take to the streets to protest against the recession and the collapse of the banks which have been bailed out by taxpayers' money? Does it mean they are not really interested in economic issues? Just some thoughts from a debate which reckons that bankers have been blaimed for problems which were created by politicians who, for instance, favoured lax light-touch regulation of the City of London's financial institutions. Political failure is also at the root of the economic relationship between the wealthy North and the developing South.

Stewart Simpson has admitted the parochial institutions are going to keep the public blind to their actions. Due to imbalance of power the Western powers are going to keep destroying and plundering because of the decline in U.K. manufacturing. Despite the fact that everyone can manufacture their own products with their own resources. The U.K. has not elected a prime minister and the puppet masters are intent on blaming Barack Obama for the future engineered collapse, we have faith he has a master plan.

Good discussion yet I would urge those involved to consider the fact that in some instances the forces of economics are completely separate from politics, and we as taxpayers suffer from politicians who do not understand that. Though it may seem mundane, all the little things that go into economics (not an economy) are not dictated by anyone at all. Blame the people, blame the system, blame the practices, but do not blame the way our economy is structured. One simply cannot state that it is the job of developed economies to redress an economic imbalance by cutting back and attempting to share loss. Invest in infrastructure, become part of actualized globalization.

I totally agree with Stuart simpson-s point of view about the buisness cycle, I think he hits the point of the discussion when he says that the idea of recession coming in cycles is one of the worst ideas of the 20th century and that recessions have instead reasons, and these reasons are based in politicians and economists failures.
Only if we accept the idea that the "free market" system can fail we can then think about how to make it function well> if we start from the point that this economic system fails, we can think about how to change it and try to find a way for the economic system to work better.