ForumsWEPRIceland: Bankrupt

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Crazy_Chris_84
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Crazy_Chris_84
139 posts
Peasant

There is a serious event going on in Iceland right now. The government is on the verge of bankruptcy.

Copy and paste this link in your search bar.

http://www.iht.com/articles/2008/10/09/business/icebank.php

This article is from the International Herald Tribune.

I first heard of this story in the popular TV series The Colbert Report, which appears on Comedy Central. Later on I went on Google and got this article as a result.

Your thoughts and comments.

  • 15 Replies
Agent_86
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Agent_86
2,132 posts
Nomad

That just goes to show you - socialism doesn't work.

texcido
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texcido
320 posts
Nomad

Yea we already noticed that Iceland was bankrupt, because a lot of people had their money stored in Iceland's banks.

thelistman
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thelistman
1,416 posts
Shepherd

So Agent 86, how do you explain the US's 10+ trillion dollar debt then? I'd rather be bankrupt than 10 trillion in the whole.

thelistman
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thelistman
1,416 posts
Shepherd

Sorry for the double post. "Whole" should have been spelled "hole."

tennisman24
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tennisman24
4,682 posts
Farmer

yea agent our economy is retarded cuz of bush and yea it is a sad thing going on over there

Zootsuit_riot
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Zootsuit_riot
1,523 posts
Nomad

That just goes to show you - socialism doesn't work.


You can't generalize something like that. If I look at America's financial crisis, I can argue that capitalism doesn't work based just on the state it's in.
Strop
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Strop
10,816 posts
Bard

That just goes to show you - socialism doesn't work forever


Fixed!

And while we're at it, capitalism doesn't work forever either.

No duh.
LiL_GaNgSta_BlAzE
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LiL_GaNgSta_BlAzE
2,269 posts
Jester

Really? Bankrupt? Dang where have I been? I need to watch more news now and then.

And while we're at it, capitalism doesn't work forever either.
No duh.


LOL.....
Drace
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Drace
3,880 posts
Nomad

That just goes to show you - socialism doesn't work.


Lawl.
All the countries and companies are in a shithole and you gotta pick on the socialist
Klaushouse
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Klaushouse
2,770 posts
Nomad

And while we're at it, capitalism doesn't work forever either.


Well, socialism and capitalism and anything really can work forever, if given the right circumstances. Unfortunately we are human and it isn't going to work because there are always going to be greedy people in the world. These ideas collapse because of people abusive a loophole in the system instead of fixing it. The ideas are not the problem, its the people. If we were such a great people, then the world would be communist and everything would work. We'd all work together and all have equal everything and enjoy. But people abuse, and are greedy, which ruins it. That's how it is now and always will be. :0)

The moral is get money as fast as you can and get out.
Crazy_Chris_84
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Crazy_Chris_84
139 posts
Peasant

Well, socialism and capitalism and anything really can work forever, if given the right circumstances. Unfortunately we are human and it isn't going to work because there are always going to be greedy people in the world. These ideas collapse because of people abusive a loophole in the system instead of fixing it. The ideas are not the problem, its the people. If we were such a great people, then the world would be communist and everything would work. We'd all work together and all have equal everything and enjoy. But people abuse, and are greedy, which ruins it. That's how it is now and always will be. :0)

I agree with you on that Klaushouse. It is more about having pride and looking down on the people that are on the lower levels. Yes, the view can be great from up there but you have to remember that some of the rich people started at the bottom!

russianfreak
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russianfreak
1,843 posts
Farmer

Wow iceland broke now that is amazing so now what is icland gunna do?

Ricador
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Ricador
3,722 posts
Shepherd

I don't really care...i probably won't cry over it.

Communist
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Communist
522 posts
Nomad

Flag
That just goes to show you - socialism doesn't work forever
Fixed!
And while we're at it, capitalism doesn't work forever either.
No duh.


Do any governments last forever Strop? Not at all. When has a country been exactly the same for more than 200 years? Never. Laws, civil rights, events, revoltions, greed, are all causing huge changes in the cycle of governments ( from Greek theories ).

And Socialism is supposed to become communism, not stay the same the entire time. Which is why I'm personaly a little more left than socialism. Communism would have been the final form of government by the middle of the 20th cnetury had the bourgeois infested USA, France, Germany, Italy, Britan, ( the list is quite long! ) cut in with the beleif and fear that the communists posed a huge threat to the power of leaders.

It turned out, in contradiction to Marx's radical opinions, that not all bourgeois don't care at all about the proletariat. They start workers unions and submit to the demands of the people. Marx said the people would rise up and over throw the bourgeois instead and start a commune. But his actually takes place in pre-industrial nations instead of industrialized ones, another contradiction to Marx's predcitions.
Now comrades, does this mean that Marx was wrong about communism being a practicle government? No. It means that his predictions of how revolutions were supposed to happen naturaly just wasn't accurate. Or the United States greatly slowed down the prosses with a huge army and a huge, happy, brain-washed population with basically fascist-like ideals when it comes to defending the USA from the socialists.
kingmike123
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kingmike123
383 posts
Peasant

well they r now, that sucks

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