₦airaland Forum

slimghost: Are you ok sir? Please name those 8 marketers.

Why not yahoo or google it

tomakint: You will do well by naming those 8 marketers and please supply the source of your news!

u just dey return from ghana or what?

Katsumoto: Bail out is market action because government is acquiring shares. Subsidies, I agree, distort markets. Are you aware that subsidies to farmers in the US is tied food stamps. Senators in states with huge farms support it as well as senators in states with huge urban centers. Subsidies keep food cheap and makes it easy for the US government to feed poor families (income distribution and reduction of inequality).

As for your comment about nothing happening in the banking industry, perhaps you can tell us why European banks are sinking, what happened to Leyman Brothers, Merill Lynch, why Ireland received bailout to support its banks, why Barclays was re-inforced by arab investors and why Buffett invested in Goldman Sachs? The problems with banks were real. Under the terms of the bailout, governments acquired the shares of those banks. US banks returned to profitability while European banks haven't.

If Capitalism doesn't work, can you explain why China reduced its poverty levels (according to the 1990 UN definition) from 84% in 1980 (when it embraced state capitalism) to 10% in 2010? Make no mistake, capitalism encourages inequality but it also enriches millions.

china became competitive globally because of its biz model and control of cost of production.

What im saying here is that absolute capitalism is not suitable for us in africa, we need to pick and choose from the system.
A chinese engineer earns400 dollars/mth whilst his counterpart in europe earns 1750-2000 dollars / mth. labour aspect of production is relativel controlled , high popuplation and social values are main ingrdients for their success.


i told you b4, its called transfer of wealth from the public sector to the private sector.
Dont forget we discussed in the past political systems where i said western democracy is capitalism. if the economy becomes unstable the political arena becomes unstable. So its capitalism that is used to sustain their democracy.
In the west no govt toys with the banksor else you gone for life.

i tell you capitaalism is dead in europe.

sheyie2007: I'll find you

no try me

pleep: In the 1800's, before the united states government invested heavily into infrastructure, the sector was taken care of by private companies via the railroad system, toll roads and toll bridges.

Why cant Nigeria do the same? In Africa the private sector has not even provided the government any good companies to contract with, forcing them to rely on over-priced foriegn firms.

The federal government is just a skape-goat, the real problem with Africa is the people (private sector) especially those of us abroad.

where did you get the info from??

Willywilly4: Tell God then to abolish Hell Fire and allow Satan into his Paradise.

Heaven or hell is your own making, so decide

ril19: and these are the kind of things that continue to make housing cost to sky-rocket in this country. Why can't Nigeria just borrow a leaf from countries like Egypt wherein housing is ninety percent owned and controlled by the government rather than privat owners.
Just because of this "foreign investment craze" of the federal government, anything now goes.

You nailed the Real african problem, its copy and paste policies.
when problems starts no one has solution to it.

pimp_lucious :
With his actions and inactions lately u can tell he's still same person. I u se to like him but not anymore

Eveen a mad man will till the earth in his direction.
Thats where he belongs, he must still stand up and represent them.
Dont forget he told GEJ long time, when you get them shoot them.

Willywilly4: Only a Devil will forgive a Devil

only God forgives, try and be Godly

some for GEJ

gluv01: Oh man...why so much people behind him just to get something on the street.
Is he scared of kidnappers?

See prime minister, David Cameron walked casually into Starbucks on the street and Kate Henshaw saw him and took a picture with him. I didn't see any officer or aides by him

And this looks like party bloopers by his side just coz he wants to buy boli.
mtttshhheeww...frightened niggas all got security challenges and yet do not want the masses to complain

you talking star buck by st james park,
u konw say scotland yard you dey. closely watched.

We have forgiven him.

Omexonomy: which student is it the none indigene?

so lagosians dont study again?

Katsumoto: But free market doesn't imply the exclusion of government from the market. Free market is simply price being subject to the forces of supply and demand. Government, as a player in the market, can buy distressed companies at a low price, and sell at a profit. For instance, the US tax payer made profits from shares acquired by the government in the the US Auto industry, AIG, and the Banks. And Government can also make a loss from acquisition i.e UK government bailing Royal Bank of Scotland.

Government spending in infrastructure can also be likened to an investment. When governments build infrastructure, it enables commerce which in turn generates receipts (taxes) for the government. Government pays its workers who are also consumers, and hence contribute to price action, growth, etc.

in theory thats how it works, the reality does not exist.
if its the interaction b/w demand and supply,govt need not bail banks out, subsidize some companies to remain in biz aand keep work force.
do you know some farmers gets paid for not ploughing their field so as to control supply of goods.
the bail should not be considered a loss if there was a deliberate intention.
the fact is nothing actually happened in the banking industry, its a scam to transfer public wealth to the private sector. if its a bailout pple cried for a refund to the public sector when the banks started making profits and sharing it.

Dont trust that magic capitalist wand.

Abeg that should be a project for one or two of those engineering graduates.
solar power, thier poo, or wind energy would do.

Fasola should not even bother paying anyone to do that, cos its a challenge on the students.

Sincere 9gerian: I'm highly disappointed. Chime should have patronised the locally assembled patrol vans. These politicians just mouth high unemployment rate but do nothing about it. Shame!

if na fasola, u'll be the first to nail him.
innoson did not position his vehicle for business model, its for naija govt.
got it? its 2 too expensive.

we should blame fasola for not patronising innoson,

pleep: No they didn't, with the exception of maybe loans, the free market produced all of those without or before help from the government.

All these things you mentioned were made by private companies, why cant nigeria do the same?

it was created by their economic think tanks, unfortunately naija no get one.

Dont be fooled with western capitalist ideology,
You shd look at all the bail outs, public fund given to private sector.
all infrastructure in aurope were developed first before been sold for management and economic reasons.
mostly pocket reasons

CROWÉ: lol, them who did he say is?

omo wetin u talk?