Hacker Read

jtdev · 2020-03-29 12:26:56

Seems like maybe there are systemic issues with the economy...maybe concentrating wealth in the hands of so few doesn’t make for a robust economy that can handle some punches.

TheOtherHobbes | karma 24030 | avg karma 3.21 · | 2023-03-24 14:11:36

Curious that there's been so little financial stability in this supposedly stabilised ideal system.

29athrowaway | karma 2447 | avg karma 0.53 · | 2021-12-19 11:09:18

Can be explained because the economy is weaker.

cortesoft | karma 23619 | avg karma 3.91 · | 2022-07-28 22:34:46

Because the economics apparently don't work.

amelius | karma 42902 | avg karma 1.63 · | 2018-12-14 21:54:18+00:00

I guess sudden economic growth can disrupt a lot of things, including potentially the structure of power.

partycoder | karma 2332 | avg karma 0.95 · | 2018-05-26 08:41:39+00:00

There's also economic/financial violence.

iamacyborg | karma 3105 | avg karma 2.27 · | 2022-01-21 01:18:04

Their economy hasn’t been doing very well.

missedthecue | karma 7595 | avg karma 2.13 · | 2022-07-27 13:47:43

"Due to many governmental economic measures, a deficit in the fiscal balance, and a large issue of local currency..."

(From the article). Chronic lack of competent governance seems to be the culprit.

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grzm | karma 13860 | avg karma 2.67 · | 2017-08-23 03:58:24+00:00

Wow. I wonder what economic factors are at play here.

tonyedgecombe | karma 14463 | avg karma 1.72 · | 2016-12-30 19:15:24

Whereas I think it's because of lack of government intervention in the finance & housing markets.

minikites | karma 2811 | avg karma 1.07 · | 2021-04-21 17:58:48+00:00

The economy wouldn't crater if these massive institutions failed? I find that hard to believe.

lumberjack | karma 3354 | avg karma 3.17 · | 2015-11-16 15:46:49+00:00

The reason being? My guess is governments are finding it hard to balance their budgets since many economies are performing short of what they predicted pre-2008.

CyberRabbi | karma 1650 | avg karma 1.32 · | 2021-02-15 22:36:06

I would even say that underneath the political and economic challenges is a lack of will in the first place.

BoysenberryPi | karma 1834 | avg karma 6.77 · | 2017-03-03 22:11:32+00:00

I mean without a strong economy everything else around it kinda goes to shit.

mythrwy | karma 1327 | avg karma 0.62 · | 2017-03-12 15:59:55+00:00

One last point and I'll drop it.

The argument "their economy is based on natural resources so it's weak" often gets made, but how is this type of economy intrinsically weaker or more susceptible to collapse than economies based on financial shell games? Never understood.

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michaelochurch | karma 25228 | avg karma 5.31 · | 2013-02-13 21:05:52

Economic reasons != money problems. It seems possible that there's a long-term strategic change going on.

partiallypro | karma 9855 | avg karma 3.91 · | 2019-02-01 19:03:16+00:00

Those are all related to their own problems, not weakness in the overall economy.

devoply | karma 1241 | avg karma 0.74 · | 2017-01-19 12:45:49

Many economies in the South destabilize themselves due to bad leadership and the elite trying to enrich themselves at the expense of the system and the people.

s73v3r | karma 1357 | avg karma 0.92 · | 2015-04-02 20:39:24+00:00

But if there's no government intervention, then why are incomes so low, and why is there so much violence?

gatane | karma 251 | avg karma 2.54 · | 2022-12-01 12:12:23

Economy is always finite, sadly. Sometimes it may be just bad administration (inefficient, low funds, etc), but then you have to deal with politics, and thats another whole show...