Michael

Systems Engineer, building Zensa

[dru. squatch @hurtch]

@d_jame_s Its problems can be summarized in three words:

Over regulation,
Over taxation,
Welfarism.

Its problems aren't too "deep" or unique.

[Michael @ooluseyi_]

@Rextheanonymous But that was my point from the get go. The way they tax, spend and regulate is why they are in the crisis they are currently.

[Michael @ooluseyi_]

@Rextheanonymous The Nordic countries don't operate the same model as UK, FR and GE. They don't tax the same way and don't regulate the same way and labour markets are significantly more flexible and corporate taxes are lower.

[Michael @ooluseyi_]

@Rextheanonymous Energy isn't Germany's only problem. It's only come to the fore now because of the Ukraine war, but it's a competitiveness problem due to Chinese gains impacting the industries mostly responsible for Germany's economic growth, heavy regulatory burden and underinvestment in infra.

[L @lanreadelowo]

A Nigerian commie is an idiot. There’s no other word to describe it

[Tobi @tobiasdupree]

@EkunweL Dude you are a deeply decitful person. You only cover 1979-1983 but but is conspicuously silent about the 7 years after that.

Lolz 🤣

How one can lie with data…

[Michael @ooluseyi_]

After 1983, what happened? This is very deceitful use of data

[Lawrence @EkunweL]

Praising Thatcher as someone who never experienced Thatcherism or interacted with people who experienced it, is like a foreigner saying Tinubu is a good president based on the NGX stock market boom and Nigerians improved credit rating.
This was the reality of Thatcherism 👇🏾

[Michael @ooluseyi_]

@Ope_10 Engineering and manufacturing spring out of thin air? Ford and co were not capitalists?

[Michael @ooluseyi_]

@Rextheanonymous Please tell me the cause. The reason for less than required capital investment and productivity. And tell me other countries the same systems with different results

[Michael @ooluseyi_]

Europeans will tell you something about soul and community makes their rectangle and roof stadiums better than these

[Ikenna @FailedRift]

Crazy part of the current world cup is that there are several impressive US stadia that are not in this line up.

US Bank Stadium, Minneapolis
Lucas Oil Stadium, Indianapolis
Allegiant Stadium, Vegas
Louisiana Super dome, New Orleans

I don't think anyone does Stadia better...

[Michael @ooluseyi_]

@OfCulture3 @chudy_jnr Weapons grade retardation powered by innumeracy. How much revenue does FG even generate annually? Imagine believing someone stole almost half of the entire country's output

[Ewgi @Ssaasquatch]

Sorry guys, I can’t force myself to hate on Morocco. It’s…not just there. They’ve never moved like people who have hatred towards us, they’ve been welcoming, and half of them probably don’t even know there’s supposed to be some beef between us. They’ve been class.

Let’s not misdirect energy and reserve all our hate for SA.

[Michael @ooluseyi_]

@Rextheanonymous UK, France and Germany are all in the same boat. Their expansive tax and welfare systems create an economic environment that prioritizes social stability and income redistribution and this suppresses domestic venture capital investment and corporate risk-taking.

[Michael @ooluseyi_]

@aadetugbo @hurtch France and Germany are hardly better than the UK, all major European economies have been passing around the "sick man title" for the best of a decade now if not more. Norway on the other hand is more or less a petro-state. Also, the UK was already struggling before Brexit.

[Michael @ooluseyi_]

@alt_cjay Both countries are basket cases and the roots of their issues are more or less the same. Low productivity and investment primarily.

[Michael @ooluseyi_]

Complaining about government incompetence and failure everyday but advocating for government to have more power

[dru. squatch @hurtch]

A Nigerian [3rd world] commie is even lower in my books Vs an American [1st world] commie.

Because I can’t imagine any sane Nigerian arguing that government should be given more power over means of production when it has shown itself to be utterly incompetent.

[dru. squatch @hurtch]

You grew up providing your own water, your own electricity, you watched public schools become decrepit but somehow you found yourself ensnared by an ideology that says “akshually, the government should take more money and control more things”.

As how nauuuu.

[dru. squatch @hurtch]

A Nigerian [3rd world] commie is even lower in my books Vs an American [1st world] commie.

Because I can’t imagine any sane Nigerian arguing that government should be given more power over means of production when it has shown itself to be utterly incompetent.

[Michael @ooluseyi_]

because that industry is cut-throat. Restaurants don't make a lot of money and as a result can't afford higher wages. Forcing them to pay higher wages increases the cost of their services and reduces likelihood of patronage thereby increasing chances the business will fail.

[Michael @ooluseyi_]

Companies pay "fair wages" to attract and keep the best talent possible. Union membership is very low in the US, yet wages are highest there because productivity, capital investment and demand & supply of skill creates wage growth not unionization. And restaurants pay low wages

[osa (c) @glamboyosa]

leftist ideals like unions is why companies pay fair wages and why the average person has a shot at a fair life, compounding wealth, mind you. In a world without it we have restaurants literally not paying a liveable wage and passing the burden onto someone else.