On Sat, 07 Sep 2013 14:28:57 -0500, Ignoramus32615
wrote:

On 2013-09-07, Gunner Asch wrote:
On Sat, 07 Sep 2013 09:39:19 -0500, F. George McDuffee
wrote:

On Thu, 29 Aug 2013 09:58:28 -0500, F. George McDuffee
wrote:

snip
If you want a third world society and culture, create a
third world economy. If you want a third word economy, pay
third world wages... Unka' George
snip

Although the above has been dismissed by several posters,
one of the characteristics of a third world economy is the
large unofficial or underground economy and increasing use
of barter.

The following article seems to indicate a large and growing
unofficial or underground economy in the US.

http://finance.yahoo.com/blogs/the-e...175850505.html

Interesting. Thanks!

Only recently, I realized that there are very many people who are
working "unofficially". They are paid in cash and transact in
cash. Examples are small time buyers and sellers, purveyors of scrap
metal, household services like lawn and babysitting etc.

The reasons why they do it are as follows:

1) Illegal aliens (who need to eat like everyone else)
2) People on unemployment who supplement their unemployment
money with cash income
3) People on disability
4) Tax cheats

Even though those people choose to stay "under the radar", they,
for the most part, contribute to the economy and our well being.

i

You just found this out? The Underground Economy has been building
for decades and has broadened widely since 2007 and the start of the
Great Depression 2.

Gunner

"The socialist movement takes great pains to circulate frequently new labels for its ideally constructed state.
Each worn-out label is replaced by another which raises hopes of an ultimate solution of the insoluble basic
problem of Socialism, until it becomes obvious that nothing has been changed but the name.
The most recent slogan is "State Capitalism."[Fascism] It is not commonly realized that this covers nothing more
than what used to be called Planned Economy and State Socialism, and that State Capitalism, Planned Economy,
and State Socialism diverge only in non-essentials from the "classic" ideal of egalitarian Socialism. - Ludwig von Mises (1922)