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“Let’s face it: the old (economic) model is broken: we need to create a new one”

Friday, May 18th 2012 - 16:36 UTC
Full article 26 comments

United Nations senior officials stressed the importance of establishing a new paradigm for growth that ensures social inclusiveness, job opportunities for all, and more accountability from the financial sector to tackle the ongoing global economic crisis. Read full article

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  • TipsyThink

    III
    I know a new UN Model instead of present one !

    May 18th, 2012 - 06:51 pm - Link - Report abuse 0
  • willi1

    Social human beings are a very rare species. ask yourself.
    those who have billions and donate millions mostly do that to extend their business.
    in the upper money class they think different about being rich or poor. “Poor” in their eyes is who can´t buy a champangne for the breakfast.

    On the other side: Why are so many human beings poor in Africa and Asia? Why do they produce human beings constantly? Only to work for the parents in their old age? Try to change this thinking, than we can ”...create a new model for dynamic growth”.

    May 18th, 2012 - 07:07 pm - Link - Report abuse 0
  • Think

    TWIMC

    “United Nations senior officials stressed the importance of establishing a new paradigm for growth that ensures social inclusiveness, job opportunities for all, and more accountability from the financial sector ......”

    Juppppppppppppppppp.........
    Sounds like what we are doing down here....................
    But the “old Paradigm” is not going nowhere without a fight.............

    May 18th, 2012 - 07:14 pm - Link - Report abuse 0
  • reality check

    Perhaps you should send Mr Timmerman back to the UN then and have him show them how it's done “down there.”

    May 18th, 2012 - 07:34 pm - Link - Report abuse 0
  • wesley mouch

    Dear Comrade Imbecile
    The model that is broken is that of control of the economy by central banks. You can't run a governmnet much less economy. The leftists ecokooks who wish to depopulate the earth should start with you.

    May 18th, 2012 - 08:06 pm - Link - Report abuse 0
  • reality check

    So the leader of that great white elephant in New York has come to the conclusion that being unemployed breaches a persons human rights. He needed an army of highly paid sychophants to tell him that!

    May 18th, 2012 - 08:54 pm - Link - Report abuse 0
  • xbarilox

    @ 4 when you say what we are doing here, you mean Cristina Fernández de Kirchner and her friends getting richer and richer, wealthier and wealthier? Yes, that's exactly what we are doing here. More poor for Cristina, so they can vote for Cristina.

    A fight you'll never fight, because you are a coward, run back to Denmark idiot.

    May 19th, 2012 - 12:38 am - Link - Report abuse 0
  • catagom

    Mark my words.

    Whenever anyone tries to change behavior with an economic explanation of why things are the way they are - you know they are full of it.

    They may very well be sincere. But they are still full of it.

    Economics is simply one aspect of human culture.

    And it is culture we should be looking at.

    But that is still a hot-button issue controlled entirely by the Left.

    There is no Right anymore. A controlled one, yes. But not a legitimate one.

    Personally I have no use for the Right and Left. Because when it comes to Western culture the old model of Polarization, as opposed to Polarity, most definitely has to go.

    I see signs all over that people want change in that direction.
    but it has yet to gain the voice it deserves.

    We got rid of the Right, now the Left.

    After that sounder policies across the board and around the world will begin to emerge. But they will originate in the West, of course.

    May 19th, 2012 - 10:04 am - Link - Report abuse 0
  • Brit Bob

    @7 XBOX

    Taken from The Economist : 'The World should stop indulging Ms CFK. Argentina remains in default on its debt to the Paris club of sovereign creditors and has not paid the sums that the World's Bank's International Centre for the Settlement of Investment Dispute has determined it owes foreign companies. Last month the US suspended duty free access for some Argentine exports. Yet the country still belongs to the G20 and can borrow from organisations, and its citizens can visit all of Europe without a visa. That amounts to a free pass in foreign policy. If the west revokes these privileges, Argentines might see the true cost of their president;s antics.'

    May 19th, 2012 - 02:52 pm - Link - Report abuse 0
  • DanyBerger

    @Brit Bob

    “Yet the country still belongs to the G20 and can borrow from organisations, and its citizens can visit all of Europe without a visa. That amounts to a free pass in foreign policy. If the west revokes these privileges, Argentines might see the true cost of their president;s antics.'”

    1- Argentina is the west
    2- Argentina is G20 founder
    3- UK is powerless in EU
    4- EU will not revoke anything to upset Argentina
    5- The true cost will be seen by UK when lives EU because you are a pain in the @ss

    Argies 48 Italians deputies backing them

    Ukistan= 0

    I guess you are more out of Europe than the Argies at the moment, well after all we never consider you part of Europe.

    May 19th, 2012 - 03:12 pm - Link - Report abuse 0
  • Brit Bob

    G20

    Argentina's refusal to IMF review in violation of Article IV of the IMF charter (the only G20 member to do so) and failure to comply with 47 of 49 recommendations to combat terrorist financing and money laundering and refusing to comply with its international commitments, shows that it does not deserve to be a member of the G20.

    May 19th, 2012 - 03:41 pm - Link - Report abuse 0
  • ChrisR

    10 DunniBurger

    Shall we look at this rediculous post of yours against the facts:

    1- Argentina is the west.
    NO, it's in the South East of South America, below Uruguay, the best country you can live in;
    2- Argentina is G20 founder.
    And your are welcome to most of the failed states that comprise it:-
    Nigeria, Zimbabwe, Indonesia, Pakistan, Philippines, Argentina, Bolivia, Cuba, and The Mad Bitch's mates Venezuela. (9 out of the group)
    3- UK is powerless in EU.
    Not so, we help with funding this disasterous outfit, because unlike Argentina the UK is still AAA and can raise sovereign debt at one of the lowest interest rates in the world.
    4- EU will not revoke anything to upset Argentina.
    We will see shortly, tick tock! WTO complaints are getting nearer.
    5- The true cost will be seen by UK when (lives) DO YOU MEAN LEAVES the EU because you are a pain in the @ss.
    Stop the presses: the majority of Brits WANT to leave the EU!

    Argies 48 Italians deputies backing them. Out of 365?

    Ukistan= 0 Are you back to your Islamist dreams again Dunni?

    I guess you are more out of Europe than the Argies at the moment, well after all we never consider you part of Europe.
    Not your part to consider what the UK is to the EU. We consider Argentina to be run by a bunch of crooks with deluded supporters such as yourself.

    BTW, in furtherence of your delusions: got that new job involving the design of blob screen technology yet - I DON'T THINK EVEN AN ARGIE IS STUPID ENOUGH TO EMPLOY YOU - OTHER THAN THE CFK BLOG MACHINE.

    May 19th, 2012 - 09:08 pm - Link - Report abuse 0
  • Windrider

    Hah! Yeah, Ban Ki (Here's a Moon for ya...zip). Thanks but no thanks, bro. We've been listening (politically speaking) to your crackpot schemes and global strategies for long enough. As far as the U.N. goes, there's its stated 'mission', then there is its track record, diametrically opposed to all that is right and good in the world, North, South, East or West. Moral of the Story: Whenever you hear a banker or politician say the word 'reform', run like hell for the exits.

    May 19th, 2012 - 09:22 pm - Link - Report abuse 0
  • Think

    TWIMC

    A shining example of British posters “intelligence” in here.......

    Please remark ChrisR post nr (12) where he says...:
    ”2- Argentina is G20 founder.
    And your are welcome to most of the failed states that comprise it:-
    Nigeria, Zimbabwe, Indonesia, Pakistan, Philippines, Argentina, Bolivia, Cuba, and The Mad Bitch's mates Venezuela. (9 out of the group)”

    Let's see........
    Is Nigeria a member of the G20...............................? : NO
    Is Zimbabwe a member of the G20...........................? : NO
    Is Indonesia a member of the G20............................? : Yes
    Is Pakistana member of the G20..............................? : NO
    Is Philippines a member of the G20..........................? : NO
    Is Argentina a member of the G20...........................? : Yes
    Is Bolivia a member of the G20................................? : NO
    Is Cuba a member of the G20...................................? : NO
    Is Venezuela a member of the G20............................? : NO
    http://en.wikipedia.org/wiki/G-20_major_economies

    Woooow..... Only two out of nine right on a very, very easy question!
    This British pensionist in Uruguay must either be a prize Turnip or suffering from Alzheimers....

    What a Turnip....

    May 19th, 2012 - 10:49 pm - Link - Report abuse 0
  • DanyBerger

    @Brit Bob

    Again BOBBY and who cares? IMF for Arg. point of view is worthless. To be honest I don’t know why Arg. still pays its bills to IMF. Currently cost 4bn to Args.

    @ChrisRambo

    1- Argentina is the west and you in UK or Uruguay are still the East even in formal Uruguay nation name is clear “República Oriental del Uruguay” oriental mean orient (East) idiot.

    “NO, it's in the South East of South America, below Uruguay”

    Are you stupid or what?
    http://commons.wikimedia.org/wiki/File:URY_orthographic.svg?uselang=es

    But this is nice, in EU maps you are not even showed as a western part of Europe ha ha
    http://commons.wikimedia.org/wiki/File:URY_orthographic.svg?uselang=es

    An if you talk about cultural matters ARG is more a western nation than UK because the west comes from Roman/Greek civilisation and not from Uncle Sam’s Hotdogs.

    And for your record western nations don’t go for the streets in pyjamas and using funny hats like you do.

    Do you have more questions about Western countries?

    2- G20 a group made by the most powerful countries in the globe http://commons.wikimedia.org/wiki/File:URY_orthographic.svg?uselang=es and none of the countries you are naming is in the group.

    3-UK is powerless and broke and a AAA doesn’t mean anything LB have the same rating and collapsed.
    So stop talking BS mate.

    4- You don’t have a line of coherence but anyway, none cares about what a bunch of people in pyjamas living in a little Island think. So don’t waste you time writing thinks that none cares and take care of your family business repairing washing machines in Karachi mate.

    And by the way I would like to know who was the Master in sales that sold you a server station with Nix OS in 30k because only an idiot can pay that much.

    May 20th, 2012 - 06:29 am - Link - Report abuse 0
  • Garrett Connelly

    Yes, a paradigm shift in economic understanding is the next step for human evolution. It has been obvious for quite some time that capitalism is simply an organized form of thievery backed by police and military violence and that we have evolved to an intellectual need to erase the capitalist's two favorite bogeymen; concerned community communists and sincere scientific socialists.

    Greek communists failed to live up to their duty and join with victorious and progressive Syriza because they were afraid the information-age generation would compromise with capitalists once the rush to austerity is halted. Totalitarian State corporatism acting as puritanical communism during the 1900s remains a cold shadow over communists, to this day. Greek Communists will stride proudly into the light of day, join with Syriza and evolve to a modern labor theory of value and information-age democracy or become totally obsolete, forever.

    The highest ideal of communism is modern mathematical and scientific principles applied through focused human intellect to define problems, establish solutions for social injustice and create a vital civilization that generates huge but untouchable social profits. The ideals of scientific socialism are presented by communists concerned with civilization, noble humans who stand in stark contrast to the base immorality of piracy wearing fine clothes and jewelry. Mathematics and science have grown and so too must communism, socialism and all political-economic human manifestations.

    We now know that there will always be friendly young people who will grow to discover new talents within themselves, talents which even they will find surprising. Some of these young people will also grow to become very wealthy. This is a wonderful aspect of creative humans expressing individual blooms in the vast cosmic meadow, it is not a problem for modern communists.

    We also now know that free citizens can be forced to become part of a mob when they walk through the door

    May 20th, 2012 - 11:54 am - Link - Report abuse 0
  • ChrisR

    14 'I don't Think aka The Turnip in Chief'

    DunniBurger, your partner in idiocy, was stating that Agentina was a founder member of the G20.

    Unlike you I don't like to use Wikipedia if I can avoid it because it is compiled by anyone, even lying Argentinos. So please consult the link:
    http://www.choike.org/2009/eng/informes/2249.html

    This is a specialist NGO website and has a reputation better than Wikepedia as far as I can tell:
    ”The member countries of G20 include: 5 from Africa (Egypt, Nigeria, South Africa, Tanzania and Zimbabwe), 6 from Asia (China, India, Indonesia, Pakistan, Philippines and Thailand) and 8 from Latin America (Argentina, Bolivia, Brazil, Chile, Cuba, Mexico, Paraguay and Venezuela). To mark the one year anniversary of the G20 founding, Brazil has launched the official G20 website. ”

    I deliberately left out the countries who ought to know better than join anything with Argentina in it.

    BTW, if you want to sound intelligent about persons from the UK who have retired the word is PENSIONER.

    If I were you I would stick to playing with your 1956 French L26 watch: at least that is correct, TWICE a day.

    May 20th, 2012 - 01:31 pm - Link - Report abuse 0
  • DanyBerger

    @ChrisR

    You really are amazing and make a big salad.

    First you say that the following countries were G20 members in your #12 post (I invite you to read again)

    Nigeria, Indonesia, Zimbabwe,Pakistan,Philipines, Bolivia, Cuba and Venezuela.

    And you add “And your are welcome to most of the failed states that comprise it”

    The only you got right is Indonesia as Mr. Think right pointed you out.

    And among the falling states that you say is USA, UK, Japan, Germany, EU, etc.

    Now let see what the official G20 website says:

    http://www.g20.org/index.php/en/members

    Argentina
    Australia
    Brazil
    Canada
    China
    France
    Germany
    India
    Indonesia (Here only one you got right)
    Italy
    Japan
    Mexico
    Korea
    Russia
    Saudi Arabia
    South Africa
    Turkey
    UK
    USA
    EU

    And not enough with that you insult everybody thinking you are absolutely right.

    And btw you made a mistake when you are replying me for things posted by Mr. Think

    So now, do understand why none can take you serious?

    I will give you some respect because now I’m aware that you are retired an old man.

    And yes Argentina was a founder together with the rest of the nations of the G20 group as is founder of many others organizations.

    So peace

    May 20th, 2012 - 03:56 pm - Link - Report abuse 0
  • Garrett Connelly

    of a large corporation at the start of their work day, this is a proper concern for modern communists. Fellow citizens yanked from their community and harnessed to the nefarious purposes of immortal corporate monsters unconstrained by democratic principles should be a concern of all progressive and clear thinkers.

    These proper concerns relate to modern scientific socialism via the ancient ideas of Greek Democracy, ideas that have lived in every human heart as an organic expression of our specie since we sat around the fire in front of our caves deciding together what we would do tomorrow. Though social and economic organization has grown to new frontiers, we remain the same beautiful cosmic flower. Today's brilliant scientists and mathematicians tell us our molecules are waves formed in the hearts of stars and that we are surfing Big Bang, at life speed. We are made up of atomic waves that add together to become individuals and add again to become the collective wonder of an information-age civilization that we collectively breath into life. This is the new foundation of scientific socialism.

    Dull witted corporatists and their capitalist economists are telling us that we must follow rigid rules of imposed austerity in a quest for equilibrium between the price of creation and the supplies they see fit to dole out, for our good, so they can grow our economy and we can have jobs, working for them. Our scientists and mathematicians tell us life speed may well be far faster than the speed of light, and accelerating. Capitalist economists, backed by Nobel prizes that aren't really Nobel prizes, promote economic theories as a tool to impose equilibrium via austerity enforced by debt funded police power on a civilization blasting through the cosmos at life speed, such a goal is as illusory as a deranged ego attempting to own infinity. The foible of capitalism unrestrained by the wisdom of democratic civilization is slavery to faster and faster material growth forever, to

    May 20th, 2012 - 05:02 pm - Link - Report abuse 0
  • Brit Bob

    'Old economic model is broken: we need to create a new one'

    Like:

    The International Narcotics Control Strategy Report published by the US State Department has said that Argentina financial system is a site for laundering money from drugs trafficking, corruption and contraband.

    May 20th, 2012 - 05:03 pm - Link - Report abuse 0
  • ChrisR

    DunniBurger

    I suggest you read the posts again.

    “And by the way I would like to know who was the Master in sales that sold you a server station with Nix OS in 30k because only an idiot can pay that much.”

    This was back in 1994 and the machine was the central regulator for a 21 switch Synchronous Digital Hierachy (SDH) telephony system for Powergrid India. Each fibre-optic (photronic) switch handled 9 million calls concurrently. The UNIX (not Nix) OS server was the main clock for the system (not the clock on the CPU of course). It also had bespoke software loaded to control the system from the other computers spread around the west of India. I was the European Contracts Manager sub-contracted to the European Team of a major Italian company. The contract was worth 70M GBP and was running over budget when I took it over. Not only did I get it back on time I saved 5M GBP doing it.

    As usual you jumped to the wrong conclusions: the US$ 30k was the insurance value to replace the whole machine, master system clock and software, test it and deliver it from the USA to Caserta, Italy, including all the bribes to the Italian Customs (like the ones in your country can be bribed).

    And even in retirement you are no challenge to me, you have not the education, training, experience or the intellect reading your posts AND you even got blob technology screwed up.

    May 20th, 2012 - 06:25 pm - Link - Report abuse 0
  • Think

    (18) Danny Berger

    Evidently, Mr. ChrisR, the British pensioner in Uruguay is a prize Turnip, suffering from Alzheimers....

    He doesn't even know (or remember) what the G20 is but he happily comments and critizices it......
    I'll repeat the link to the G20 organization, just for him....
    http://www.g20.org/index.php/en/members

    Chuckle chuckle©

    May 20th, 2012 - 06:29 pm - Link - Report abuse 0
  • DanyBerger

    @ChrisR

    Ah! Christ I though we were in peace now but you have to start again over and over why?

    NiX is Unix in the IT jargon Unix is a brand owned by Novell now and formally by The Open Group so any Unix-like is called Nix, like Linux

    Unix/Nix is typical used in server machines invented by Dennis Ritchie in AT&T labs in the 60.

    Dennis also had stated that NiX OS or Unix-like are also Unix OS the facto. So anyone involve in IT knows that.

    And for you bad luck one of my former business I used to have was a Hosting company that involved working with servers.

    So can we live in peace?

    @ Think

    What can I say? my dad bought a wang computer 30 years ago and expended 15k, a HD cost 3k on these days.

    I guess Christ need and update ha ha

    I guess he got confused while googling with the G77

    May be he read crappy news who nows?

    May 20th, 2012 - 07:10 pm - Link - Report abuse 0
  • Think

    (23) Danny Berger

    Still remember my first one in 1982….............
    An IBM PC, monochrome display, two 5 ¼ floppy drives, no harddrive available in 82 :-)
    Build like a tank.............

    May 20th, 2012 - 07:31 pm - Link - Report abuse 0
  • DanyBerger

    @Think

    Is that your PC has not HD or you are saying that was not available in the Market?

    PC Wang (Brand) came with hd of 10MB and 20MB and flexible disk of 5” ¼ in the ’80

    Have you ever used DBII for DOS? Ha ha

    : )

    May 20th, 2012 - 08:07 pm - Link - Report abuse 0
  • Think

    (25) DanyBerger
    My IBM PC had no HD at the time.... it came first in 1983 I believe.... a huge 10 MB.....

    DOS 1.1, Daisy Wheel Printer and WordPerfect.....
    What a combination!
    Good ol' times :-)))

    May 20th, 2012 - 08:21 pm - Link - Report abuse 0

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