My Blog
Peter's Viewpoint
Global Economics Now Seeing the Glass Half Full

Contrary to what is a positive outlook toward the psyche of business, the number of countries that are participating in strikes and rebellion against the rich and corporate world of western countries is a message that should not be taken lightly by world leaders.
Other than Western countries, Middle East countries, protests are starting in Asian countries even though they produce the majority of products or they are under stricter government controls.
The main scene that I have noticed especially in Europe is the photo shoot that every group appears to accomplish at the end of their meetings.
If they don’t start leading soon, they will probably find themselves lined up for a different kind of shooting.
Now we have three classes or groups that make up the economies of the world, the 53%, the 99%, and the 1%.
The 53 percent group is admirable for its efforts to show that they are working and attempt to justify the economic situation as if the majority of the 99 percent do not want to work.
These may also be the people who because they are working view the economy through rose colored glasses. People who view the majority as “Those of us who pay for those of you who whine about all of that... or that... or whatever” should re-examine the situation because there are only two choices in logic, that which is true or false, no in between. You may soon find yourselves among the 99 percent, think about it.
The 99 percent are (in my opinion) those struggling to keep afloat due to the imbalanced nature of the economy that has resulted from financial abuses of Wall Street players along with the loss of factory and services work now produced in China and India. The major loss of income is in my opinion due to the failure of the past governments to stop the abuse.
The sick and elderly along with those who wanted to work should not be punished by the system.
Those belonging to the 99 percent that have abused the system financially by purchasing homes with a minimum down payment and higher interest, bankruptcy due to over extended their credit card usage, welfare, food stamps, and not working hard enough should not justify themselves among this class.
I think that these people should have started the 45% group and declare that they understand their failure but want to work to correct it.
As for the 1 percent, I respect that they believe that it is their right to make abnormally high profits from outsourced labor but if they want to continue their way of life in the progressive countries where they now live, then they must consider the outcome of a world crashing while they enjoy themselves.
The 99% are also known in many countries as indignant, aganaktismeni, indigniert, indigné, indignato, indignado.
Where do I stand? Normally I would be in the 53% but unfortunately I am now a member of the 99%.
I have worked since I was nine years of age (with my father) and I know that I will never be considered rich but I refuse to give up my dignity!
Main Menu
Home - - - - - - - Expert Witness Services - - - - - - -1 Business Networking - - - - - - -2 Business Cents - - - - - - -3 P. Bournias, Personally - - - - - - -4 My Blog - - - - - - -5 News feeds - - - - - - -6 Advanced search - - - - - - -7User Login
eBlog Archive
- May 2012 (2)
- April 2012 (4)
- February 2012 (1)
- January 2012 (6)
- December 2011 (5)
- November 2011 (3)
- October 2011 (3)
- September 2011 (5)
- August 2011 (1)
- July 2011 (2)
- June 2011 (6)
- May 2011 (3)
- April 2011 (5)
- March 2011 (2)
- January 2011 (3)
- December 2010 (1)
- November 2010 (1)
- October 2010 (3)
- September 2010 (1)
- August 2010 (1)
- July 2010 (1)
- June 2010 (2)
- May 2010 (3)
- April 2010 (4)
- March 2010 (4)
- February 2010 (3)
- January 2010 (3)
- December 2009 (1)
- November 2009 (1)
- October 2009 (2)
- September 2009 (1)
- August 2009 (6)
- June 2009 (3)
- May 2009 (2)
- April 2009 (1)
- March 2009 (5)
- February 2009 (2)
- January 2009 (2)
- December 2008 (5)
- November 2008 (1)


Comments (0)
There are no comments.
You must first login to post comments.