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Mixed Economies
Many countries have mixed economic systems with elements of both capitalism and socialism. In the U.S., predominantly a capitalist system, there are many government-run programs, notably Social Security, Medicaid, and Medicare. In many socialist countries, as in Sweden, there are also still private businesses.
Cuba has a planned economy dominated by state-run enterprises. Most industries are owned and operated by the government and most of the labor force is employed by the state. https://en.wikipedia.org/wiki/Economy_of_Cuba
Pretty soon more fines are coming.streetbeastINC. wrote:We are in a police state.
maj. tom wrote:Shouldn't you do a bit more research before posting things like this OP? UK, Canada... most of the world have a lot of socialized programmes facilitated through taxes. It's not socialism.Mixed Economies
Many countries have mixed economic systems with elements of both capitalism and socialism. In the U.S., predominantly a capitalist system, there are many government-run programs, notably Social Security, Medicaid, and Medicare. In many socialist countries, as in Sweden, there are also still private businesses.
https://www.thebalancesmb.com/the-chara ... ism-393509
Cuba is Socialism.Cuba has a planned economy dominated by state-run enterprises. Most industries are owned and operated by the government and most of the labor force is employed by the state. https://en.wikipedia.org/wiki/Economy_of_Cuba
death365 wrote:everything is being blamed on covid and not mis-management ... no Gross mis-management of the whole country. yeah oil down and gas and covid and blah blah blah but u are the govt and need to drive the country forward. thats the only job
2021 is shaping up to be worse than 1986 ... 2021>1986
Was posted in pmn thread but well worth repeating
ProtonPowder wrote:dude covid lmao
~Colm
Rovin wrote:doh forget jes 6 mths ago campaigning for elections we heard they managed d country so well dat we was on d way to prosperity
..... we hearing dat since 1956
pugboy wrote:oh yes,
wish we could get footage of the imp saying that
i recall country well on its way to stability(saying this in midst of high covid numbers too)Rovin wrote:doh forget jes 6 mths ago campaigning for elections we heard they managed d country so well dat we was on d way to prosperity
..... we hearing dat since 1956
death365 wrote:everything is being blamed on covid and not mis-management ... no Gross mis-management of the whole country. yeah oil down and gas and covid and blah blah blah but u are the govt and need to drive the country forward. thats the only job
2021 is shaping up to be worse than 1986 ... 2021>1986
Was posted in pmn thread but well worth repeating
dogg wrote:All this mismanagement talk... what could this or any government have done to buffer the economy??
And, which developing country thrived during the pandemic? Any?
Its easy to condemn whatever party's in power, but really and truly, we would be in the same shite creek, with either til yuh dead party in power.
dogg wrote:All this mismanagement talk... what could this or any government have done to buffer the economy??
And, which developing country thrived during the pandemic? Any?
Its easy to condemn whatever party's in power, but really and truly, we would be in the same shite creek, with either til yuh dead party in power.
Rowlee is creating an islands of store clerks and waiters.paid_influencer wrote:dogg wrote:All this mismanagement talk... what could this or any government have done to buffer the economy??
And, which developing country thrived during the pandemic? Any?
Its easy to condemn whatever party's in power, but really and truly, we would be in the same shite creek, with either til yuh dead party in power.
the bad policy started all the way back in 2015. Look at the government's 2020 campaign manifesto and you'll see many reversals of their initial policy decisions. Completely dotish policies like withholding VAT refunds from small and medium businesses.
And here's the big picture: under past PNM administrations, the vision was to bring every man jack into being part of the world economy. All the layers of economic isolation on the island (local currency restrictions, taxation to benefit local companies, monopoly producers being the norm) would be torn down, so every worker and every company would by force have to stand in an open and competitive economy.
Manning was the one who made severely tough decisions - floating the dollar, allowing locals to have US$ denominated accounts, allowing the unrestricted conversion of currency, and allowing free movement of the capital thereafter. All those things - which MANNING put his political life on the line to do -- were risky AF but necessary to make us part of the global economy. Everybody from my generation benefited from these policy changes.
Now we have Rowley coming in, and he is turning back the clock on PNM policy. ALL those layers of economic isolation are returning and worse so. The average man in the street - far from being part of the global economy - can't even buy $100 USD at the bank. Only the networked elite is allowed to participate in the global economy and the rest of us on the island have to work for them. We are paid in local island currency, which can only be spent at local island businesses owned by the above networked elite. It is hardcore banana-republic economics passing as policy right now.
paid_influencer wrote:dogg wrote:All this mismanagement talk... what could this or any government have done to buffer the economy??
And, which developing country thrived during the pandemic? Any?
Its easy to condemn whatever party's in power, but really and truly, we would be in the same shite creek, with either til yuh dead party in power.
the bad policy started all the way back in 2015. Look at the government's 2020 campaign manifesto and you'll see many reversals of their initial policy decisions. Completely dotish policies like withholding VAT refunds from small and medium businesses.
And here's the big picture: under past PNM administrations, the vision was to bring every man jack into being part of the world economy. All the layers of economic isolation on the island (local currency restrictions, taxation to benefit local companies, monopoly producers being the norm) would be torn down, so every worker and every company would by force have to stand in an open and competitive economy.
Manning was the one who made severely tough decisions - floating the dollar, allowing locals to have US$ denominated accounts, allowing the unrestricted conversion of currency, and allowing free movement of the capital thereafter. All those things - which MANNING put his political life on the line to do -- were risky AF but necessary to make us part of the global economy. Everybody from my generation benefited from these policy changes.
Now we have Rowley coming in, and he is turning back the clock on PNM policy. ALL those layers of economic isolation are returning and worse so. The average man in the street - far from being part of the global economy - can't even buy $100 USD at the bank. Only the networked elite is allowed to participate in the global economy and the rest of us on the island have to work for them. We are paid in local island currency, which can only be spent at local island businesses owned by the above networked elite. It is hardcore banana-republic economics passing as policy right now.
inance Minister Colm Imbert’s statement yesterday, which painted a grim picture of this country’s economy, was nothing more than a “cheap distraction” to take away from the ongoing national outrage caused by the murder of Andrea Bharatt, economist Marla Dukharan said.
Dukharan commented yesterday on the situation in response to a question from Guardian Media seeking her view on Imbert’s report of serious economic challenges facing the country.
“Nothing the Minister of Finance said today even begins to address the long-standing, fundamental issues our country faces,” Dukharan stated.
“As far as I am concerned, economics only matters in so far as it speaks to social outcomes, and socially, T&T is an absolutely perilous state. Yet, nothing was said on this matter,” she said.
Dukharan said in her view to comment on Imbert’s statement would be discourteous to Bharatt.“In my view, to comment on this statement is to disrespect Andrea Bharatt, to disregard the primacy of her murder and the culture of impunity that rewards criminals and terrorizes the rest of us in T&T, and to support the usual distraction agenda of this and successive Governments which are absolutely bereft of solutions,” Dukharan stated.
Dukharan added there are serious questions surrounding Bharatt’s murder and a possible link to the judiciary.
“For our Government to issue any statement at this time, which does not address these fundamental issues, is an insult, is a cheap attempt at distraction, and is ultimately an admission of failure,” she said
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