European Tribune - Comments - 'For all practical purposes the markets are closed right now'

'For all practical purposes the markets are closed right now' | 29 comments (29 topical, editorial, 0 hidden)

Re: Been there, said that (none / 1)

The expansion of the (unqualified) service sector is just an indication that productivity is too high in resources and industry.

But MfM mentioned yesterday that to produce ethanol to an SUV you need land that would feed 80 people under subsistence agriculture. So, if we run out of oil I expect the need for labour in "productive" sectors will grow a lot.

Can the last politician to go out the revolving door please turn the lights off?

by Migeru (migeru at eurotrib dot com) on Fri Jul 27th, 2007 at 05:47:38 AM EST
[ Parent ]

Re: Been there, said that (none / 1)

They always did like their slave plantations in the deep South.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Jul 27th, 2007 at 06:43:40 AM EST
[ Parent ]

'For all practical purposes the markets are closed right now' | 29 comments (29 topical, 0 editorial, 0 hidden)

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