Comments | the_recession: Gallup CEO: There's a "potentially devastating global shortfall of about 1.8 billion good jobs"

nebris in the_recession

Gallup CEO: There's a "potentially devastating global shortfall of about 1.8 billion good jobs"

Oct 04, 2011 14:37

http://www.americablog.com/2011/10/gallup-ceo-theres-potentially.html
By Gaius Publius on 10/04/2011 01:15:00 PM

Thanks to the always informative econ writer masaccio, we find this, from James Clifton, the chairman and CEO of Gallup (the polling ( Read more... )

societal breakdown, world trade, macroeconomics, global recession, global financial trainwreck of 2007-?, corporate profits, 52 week lows, income inequality, banking sector, revolutions, economic collapse, unemployment rate, 'capitalism', house of cards, 50 state slump, class war, civil unrest

Comments 9

sophiaserpentia October 4 2011, 22:35:10 UTC

Who knew that post-scarcity would lead to more starvation?

nebris October 5 2011, 06:06:13 UTC

The only things that aren't scarce are greed and warm bodies.

~M~

badnewswade October 4 2011, 23:24:55 UTC

But... but the newspaper says the unemployed are all lazy and the government agrees. Surely they wouldn't lie to us? I mean I heard of a bloke wot doesn't work and he's really rich. Why oh why are they allowed to scam the system while us honest Joes work five hundred hours a week etc...

That's the kind of mentality you're dealing with. Revolution? Don't make me laugh. What we're gonna see is a Fascist takeover, or possibly a global war. Yeah, that would fix things... for good.

nebris October 5 2011, 06:04:38 UTC

Hunger tends to be a game changer. Whom ever can feed the masses will win.

~M~

badnewswade October 5 2011, 22:04:04 UTC

I see what you're saying, but I think a really big war is a lot more likely. Let me explain why. Economic stimulus, or even just unemployment relief requires either taxation or borrowing, right? But both of these are pretty unpopular with the Oligarchs. If politicians raised taxes on the wealthy they wouldn't get funded for re-election, and if by some miracle they did gain re-election there would be at the very least a bunch of right wing terrorism if not an outright putsch, while if they tried to borrow more they'd get bitch-slapped by Wall Street PDQ ( ... )

nebris October 5 2011, 22:19:15 UTC

Nuclear weapons have pretty much shitcanned the Big War paradigm. The 'War on Terror' is about as big a war as can be managed and that simply does not generate enough economic stimulus to be viable.

And Bu$hCo's wars [and tax cuts] didn't save us from anything. They totally buried us and without any good reason, even from the point of view of Capitalism, as they utterly ruined America's consumer base.

I'm not too worried about a Tea Party president. As I have said, whomever emerges from the GOP primaries is likely to be too batshit for the general electorate. And Obama has already started 'making Progressive noises' again - not that I expect any better from his second term - and that could 'fool some of the people all of the time', enough so that he gets said second term.

No, we're likely to stumble along at the present rate with a series of band-aids to keep us going, though sooner or later, things will fall apart. What happens then remains to be seen. But, today is the anniversary of The Women's March on Versailles and I ( ... )

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