tag:blogger.com,1999:blog-816559531110064247.post5139887323404711417..comments2024-03-08T01:03:44.522-08:00Comments on Humble Student of the Markets: Which is more elitist? France or America?Cam Hui, CFAhttp://www.blogger.com/profile/09672203690656029787noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-816559531110064247.post-43474860744974569362011-09-01T11:59:46.628-07:002011-09-01T11:59:46.628-07:00John -
I don't see your point. Is there some ...John -<br /><br />I don't see your point. Is there some way that I am mis-representing the data in my post?Cam Hui, CFAhttps://www.blogger.com/profile/09672203690656029787noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-10307751047745969502011-09-01T07:45:32.142-07:002011-09-01T07:45:32.142-07:00The only way to compare economic data is to normal...The only way to compare economic data is to normalize the data. Below is a link comparing the per capita GDP of various countries. France is toward the middle of the list 33,100. <br /><br />http://www.indexmundi.com/g/r.aspx?v=67<br /><br />Below is a list comparing the per capita GDP of the states in the United States. Mississippi is at the bottom 32,967.<br /><br />http://en.wikipedia.org/wiki/List_of_U.S._states_by_GDP<br /><br />The French may work hard but because most of their money is taxed by the government and the government is very ineffective at spending that money the, French are dying a slow economic death. <br /><br />Regards,<br /><br />JohnUnknownhttps://www.blogger.com/profile/05671859322537283448noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-10633175063917214002011-03-05T17:45:35.240-08:002011-03-05T17:45:35.240-08:00Thank your for your input and insight, Fut.Bot.
I...Thank your for your input and insight, Fut.Bot.<br /><br />I'll take it with a grain of salt, of course, as I would any essentially anonymous comment on a message board, but it does perhaps at least open my eyes to the possibility that what you are saying is an accurate portrayal of what is going on in France, or at least from the perspective of some living there.<br /><br />Unfortunately, I have some similar complaints about the U.S., though there are some obvious differences.<br /><br />I'm no expert, but Simon Johnson, former chief economist of the International Monetary Fund (IMF) gives a scathing review of how the financiers have a stranglehold on the U.S. economy in an Atlantic article:<br /><br />The Quiet Coup<br />http://www.theatlantic.com/magazine/archive/2009/05/the-quiet-coup/7364/<br /><br />Matt Taibbi makes a similar case in Rolling Stone article, "The Great American Bubble Machine"<br />http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405<br /><br />FWIW, and I know a lot of people, probably most people, disagree with me, but I think the underlying cause of the deterioration and instability of our financial systems around the world is due to a general deterioration or destruction of our moral values.Jeffhttps://www.blogger.com/profile/06470451043720426612noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-24239131813701210582011-01-27T05:49:36.288-08:002011-01-27T05:49:36.288-08:00Well, as a French, I read your article carefully. ...Well, as a French, I read your article carefully. Even if I do agree with some of your arguments, I think the portray you're making lacks really the dark side of French society. The French Society is for the main part, the legacy of enlightenment, and as such as given birth to the socialism, and now to a mainstream of neo-communism. What you define as a quality is from my point of view, a weakness. Because, if you want to maintain a minimum standard of living in France, you have to work pretty hard, to bear the pressure, and pay more than half of your income, and for what ? For less that you have for free in the US. <br /><br />In fact, the government spending is growing at the fastest pace ever. The taxpayer’s money is thrown away in pharaonic expenses or to found a massive immigration that doesn’t bring any skill or any help to our society, but violence, and multicultural concerns. As of today, most of my friends, mainly well educated and graduated from the better Universities (Phd, Master’s degree and equivalent) are thinking about leaving the country. The Politics are corrupts (for the most part), the journalist and the Justice as well. Wherever you look at, you see the country going into the wall. As a matter of fact, the riots we experienced back in 2005 were a taste of something nasty coming up. France is a social ticking time bomb that is going to explode. <br />The other problem your article is overlooking is the fact that our country is actually ruled by one class, whose rooted from ENA, the national school of Administration. This school as taken over the entire country, and has in fact confiscated all the powers : Press, Justice, Policy, Administration, Education. So, if you like some kind of soviet society, you might probably like France. Otherwise, you will probably not want to live there.<br />YannFut.Bothttps://www.blogger.com/profile/06540324917853196872noreply@blogger.com