Thursday, October 02, 2008

statements which make you go hmmmmmmmmmmm !!

This is a classic statement by Shivanand Velmurugan
"When a government asks 99% of the population who own less than half of the country's wealth to bail out the 1% of the population who own 51% of the wealth the population has to decide whether it wants bankruptcy before revolution or revolution before bankruptcy. It really is that simple.""


Shivanand said...

Hey! Thanks for the link, but I didn't understand the hmmm... Do you think I'm wrong or right?!

Peter said...

actaully thats a very interesting statement that provokes the mind .. thats all.. and btw you are correct with the assessment :)_

Shivanand said...

Well, it's just the first thing that popped into my head as I watched the "bailout" proposals. Although, I must say that over time, as I ruminate more, I think that it is a required evil.

It is definitely something we will come to regret for the next 10 years, but I don't think there is a way around it. When the choice is between a bailout or depression, I'd choose the bailout

(I know I contradict myself. Imagine what life must be like for me :) )

Anonymous said...

Tis actually made me go "whaaaaaaaat?"