4-One thing that there is little disagreement on is that #Syria experienced Sub-Saharan standards in population growth rates between early 1950’s & mid 1990’s. Why is this important? Fast forward & Think Job generation needs as those age cohorts are now in their mid 20’s
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5-Putting those numbers in perspectives,
#Syria ‘s fertility rate (number of children that would be born to a woman if she were to live to end of her childbearing years) was nearly 7.5 from the late 50’s till early 1980’s. This is stunningly large number w profound implications2 replies 2 retweets 11 likesShow this thread -
6-If Avg Syrian woman had fertility rate still near 7 by 1982, this age cohort grew to be 25 years old as 2007 drew close. By this time, country was in need of creating nearly 275,000 new jobs year in and year out for this age cohort
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7-Also by 2007, nearly half of
#Syria ‘s population was classified as rural. Since the above fertility rates are average, it meant that for nearly half the population those fertility rates were even higher than average. Think so where around 8-9 children per rural family1 reply 2 retweets 12 likesShow this thread -
8- Rural
#Syria ‘s tsunami was the drought that started around 2007. This was the final blow that destroyed any chance for nearly 10 million people counted in the rural bracket by then. Migration to urban centers picked speed & new challenges were now brewing1 reply 4 retweets 11 likesShow this thread -
9-With this background, what was
#Syria ‘s Govt up to? What was Eco policy? The fall of the Soviet Union in early 1990’s dealt a blow to most socialist Eco systems. Consensus opinion then was that such systems have failed and they need to be “reformed” to survive1 reply 1 retweet 8 likesShow this thread -
11-When Bashar Assad took over,
#Syria had no private banks, insurance companies, stock market or any global food franchises. At the time, it seemed natural that Eco would get its reform by embracing the above industries (FIRE Eco stood for finance, insurance & Real Esate)2 replies 2 retweets 9 likesShow this thread -
Replying to @EHSANI22
when has the FIRE sector ever produced real productive growth for a national economy as a whole?
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Replying to @Cukullen
Well, to be fair you do need a functioning FIRE in modern economies. But they are labor-intensive for sure
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Finance has taken over the industrial economy, so that instead of becoming what it was expected to be in the 19th century--mobilizing & recycling savings to finance industrial production--finance reverted to its pre-industrial form of rent collection.https://www.nakedcapitalism.com/2016/04/michael-hudson-the-wall-street-economy-is-draining-the-real-economy.html …
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