OT: Current Affairs and Politics

[Bandwagon]

Private debts owed in foreign currency would be a disaster in terms of economic concerns. A bounty for local creditors of foreign origin. We mostly run a deficit on current account so a net disaster.

These are much larger problems than governments having their sovereign currency devalued.

As we know, devaluing sovereign currency isn't a big deal unless you hold debt in foreign currency. so governments that issue debt in their own currency don't have much of a problem with that.

 

[Poupou Escobar]

Feudalism was "around" a fair bit longer than neo liberalism, yet here we are, because it's new things more often than not that replace old things.

More often than not? You've given one example, and an example that isn't true for most of the world.

 

[Bandwagon]

More often than not? You've given one example, and an example that isn't true for most of the world.

Hmmm, Yet that's one example more than you gave when you stated the opposite as if it were fact?

I'd also argue that it holds true for that is from which the economies of the west have developed. and as neoliberalism is a western construct, the example stands

 

[Poupou Escobar]

Well to use your example of feudalism, it's still alive and well. The reason for that is that it is almost the natural state of human social relations. Obviously natural doesn't necessarily equal good, but it in the absence of any more trustworthy institutions, feudalism is what you get.

 

[Bandwagon]

Well to use your example of feudalism, it's still alive and well. The reason for that is that it is almost the natural state of human social relations. Obviously natural doesn't necessarily equal good, but it in the absence of any more trustworthy institutions, feudalism is what you get.

Yet in the west it's been universally replaced, several times over, with varying economic models to arrive at that which we have today.

So again whilst it lasted a very long time, it's been replaced with something new, which has been replaced with something new and so on.

So a demonstration that old things are replaced with new things.

I honestly can't even begin to understand why anyone would bother attempting an argument to refute that. It's fairly self evident.

 

[Poupou Escobar]

The fact that new things are being replaced with other new things supports the Lindy effect. The only old thing that's been replaced in your example is feudalism, and then only in parts of the world. It's interesting that there are still echoes of it in the various levels of government, or where weaker states are subordinate to stronger ones.

 

[crocodile]

The fact that new things are being replaced with other new things supports the Lindy effect. The only old thing that's been replaced in your example is feudalism, and then only in parts of the world. It's interesting that there are still echoes of it in the various levels of government, or where weaker states are subordinate to stronger ones.

Subjugation of weaker states isn't feudalism though. Nations today have standing armies. The idea that the nobility holds land in fee simple in return for military service today is ridiculous.

 

[Gronk]

Better call a waaaambulance.


Fixed via a Chrome extension

 

[Poupou Escobar]

Subjugation of weaker states isn't feudalism though. Nations today have standing armies. The idea that the nobility holds land in fee simple in return for military service today is ridiculous.

It's only ridiculous where the state is strong enough to monopolise the use of force within its borders. You might think the West is the entire world but I've been to quite a few places where an hour's drive from the airport the state effectively disappears.

 

[Twizzle]

It's only ridiculous where the state is strong enough to monopolise the use of force within its borders. You might think the West is the entire world but I've been to quite a few places where an hour's drive from the airport the state effectively disappears.

hey Poo, Dockers sucked balls last night

 

[T.S Quint]

Better call a waaaambulance.


Fixed via a Chrome extension

View attachment 40332

I’m not sure it’s illegal, Don.
But good on you for trying.

 

[crocodile]

It's only ridiculous where the state is strong enough to monopolise the use of force within its borders. You might think the West is the entire world but I've been to quite a few places where an hour's drive from the airport the state effectively disappears.

Nobody said it's nice. It just isn't feudalism.

 

[Poupou Escobar]

hey Poo, Dockers sucked balls last night

They tried their best ffs

 

[Poupou Escobar]

Nobody said it's nice. It just isn't feudalism.

Let's not get hung up on terminology. Feudalism is just one way the strong rule the weak. There are other ways. It hasn't gone anywhere.

 

[crocodile]

Let's not get hung up on terminology. Feudalism is just one way the strong rule the weak. There are other ways. It hasn't gone anywhere.

Sorry Pou but that just simply isn't true. It may be one way the strong rule the weak but not always and not the only way. One could hardly call the North Koreans the epitome of a feudal society nor the methods employed by Saddam Hussein or the Taliban Afghanis.

Feudalism is a closely defined social construct and not generic.

 

[Poupou Escobar]

Well I'm taking about general patterns and systems rather than textbook definitions. People love to redefine old things, and in that light everything is new.

 

[Bandwagon]

The fact that new things are being replaced with other new things supports the Lindy effect. The only old thing that's been replaced in your example is feudalism, and then only in parts of the world. It's interesting that there are still echoes of it in the various levels of government, or where weaker states are subordinate to stronger ones.

The only example of an old thing i gave was feudalism, so it stands to reason that the only old thing replaced in that example is feudalism

 

[Gary Gutful]

They tried their best ffs

They were f**ken disgraceful. The sooner they get Ben Cousins back the better.

 

[hindy111]

hey Poo, Dockers sucked balls last night

Where you at the after party? How did you get this information?

 

[Poupou Escobar]

The only example of an old thing i gave was feudalism, so it stands to reason that the only old thing replaced in that example is feudalism

But you gave heaps of examples of new things that were replaced, which was my point. Any given new thing is likely to disappear very quickly, just like all the new shit that appeared long ago that we've never heard of. The things that are likely to last are the things that have already lasted.