russh

Did IMF Pop the Emerging Markets Bubble?

Once upon a time we GAVE FREELY food, healthcare, and other support to the second- and third-world countries. SOME people complained that they should have to work for their keep. Well, now, they DO work for their keep, and are beating us at our own game, due to the enormous influx of poor people into the labor market. Many are very well-educated, at the expense of the state, and their high school graduates beat the pants off of our efforts to educate our self-centered, hedonistic youngsters who also have a full-blown sense of entitlement. When will we learn?