A scary quote

This is just scary, was it foresight for our current situation, or for the situation at the time?

 

"Owners of capital will stimulate the working class to buy more and more expensive goods, houses and technology, pushing them to take more and more expensive credits, until debt becomes unbearable.

The unpaid debt will lead to the bankruptcy of banks, which will have to be nationalized, and the State will have to take the road which will eventually lead to Communism. "

Karl Marx, 1867.

Car manufacturers

Seth Godin has an interesting point of view on the bailout of the car manufacturers which I have to agree with.  Our world is changing, and the way we do business is changing.  I don't think we should be bailing out businesses that cannot keep up with the times.  Yes, there will be large scale job losses, and it may impact the world economy in a very bad way. 

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Our shocking school system

The matric pass rates have just been released, and once again they are down. 62.7% passed matric (the passed used here is a bit of a farce as described later).  And only 10% managed to get over 50% for maths.

This is the first group of matrics that have had Outcome Based Education from their first year in school, and it does not look like this system is working.

Continue reading Our shocking school system