Albo for PM ! Strong on CHINA, page-119

  1. 18,182 Posts.
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    You are either very IGNORANT of history or you deliberately ignored the FACTS you don't like.

    What Did you Think Happened during the GFC or any other rescue packages?

    Who bailed out the Biggest Banks and the Biggest Companies (like Ford and GM)?

    And who bailed out companies last year?

    There is NO such thing as a Perfect Country or a Perfect System.

    Everyone adopt the best of each system to address the needs of their populations. There is no such thing as pure Communism /Socialism or pure Capitalism.

    Here is an example:

    The Plaza Accord (Japanese: プラザ合意) was a joint–agreement signed on September 22, 1985, at the Plaza Hotel in New York City, between France, West Germany, Japan, the United Kingdom, and the United States, to depreciate the U.S. dollar in relation to the French franc, the German Deutsche Mark, the Japanese yen and the British Pound sterling by intervening in currency markets. The U.S. dollar depreciated significantly from the time of the agreement until it was replaced by the Louvre Accord in 1987. Some commentators believe the Plaza Accord contributed to the Japanese asset price bubble of the late 1980s.

    Is that example of Capitalism?


    Bottom line: every country (or block) does what is best for them.

    If you don't like Chinese made products, don't buy them. You are the one who took it off the shelf and paid for it, at check-out.

    If you didn't do it, then they wouldn't get your money.

    Its that simple.


    Last edited by Cosmoterios: 17/07/21
 
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