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The Forum > Article Comments > The 99 per cent make more sense than any economist > Comments

The 99 per cent make more sense than any economist : Comments

By Andrew Gunn, published 1/11/2011

The only time Iíve tried listening to a financial adviser, my ears bled and a kitten died.

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Good stuff. Really good stuff. Well done Dr Gunn.

I haven't read (or perhaps written) cool witty text like this, of this high calibre for years. Somewhere over the past five or six years I, along with everyone else it would seem, have lost my sense of humour. Thank you Dr Gunn for finding it for me again. Maybe there is some hope for us 99ers yet.

Damn, it's a good article - I'm gonna read it again.
Posted by voxUnius, Tuesday, 1 November 2011 8:50:29 AM
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Most enjoyable.

"Western governments...have been brilliant at privatising profits and socialising losses."

This one simple statement sums up the system beautifully.
Posted by Poirot, Tuesday, 1 November 2011 9:06:47 AM
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Clever quips are no substitute for understanding what you are talking about. Clearly you haven't the faintest idea.

This made my ears bleed and I'm pretty sure a kitten died. You must be blond.
Posted by DavidL, Tuesday, 1 November 2011 9:55:04 AM
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What was the objective of this piece again, I got lost half way through? Jo the editor was probably the one bleeding, trying to push it out to fill a page with her space bar. If inequality is the issue then I guess we need to discuss the drivers of both that and its opposite. What exactly is "equality"? Material, social, economic, something else? A "vibe" (apols The Castle)? "Privatising profits, socialising losses" refers I assume to the TARP and similar Government funded "bail outs" c.2008/9/10. Those post-Lehman Bros acts did alot to avoid a Depression though of course subsequent failure by Governments to deal with exploding public debt (try pinning any of that on TARP or similar Government action) now brings us to the latest economic precipice. Reducing that debt will mean either (i) higher taxes or (ii) lower Government outlays - neither will be popular and will play into hands of Occupy and similar groups of "disaffected" people with no interest in participating in the decision-making process like the real 99%. I just hope the real 99% have the sense to see through populist nonsense like that being peddled in city squares around the globe.
Posted by bitey, Tuesday, 1 November 2011 10:31:23 AM
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We're not witnessing the breakdown of global capitalism, we're witnessing the breakdown of government attempts to pass off their debt as paper money by giving banks a licence to print money that is illegal on an unhampered market.

If you support government control of the money supply, you support the privatisation of profits and the socialisation of losses.
Posted by Matt L., Tuesday, 1 November 2011 10:38:13 AM
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Please pay no attention to the shushers, Andrew Gunn. You have done a good thing here.
Posted by halduell, Tuesday, 1 November 2011 12:01:33 PM
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