This is one of my primary fears regarding sentiment.
People in this country actually believe that buying and selling houses is in itself a form of entrepreneurial endeavour. A legitimate, bona fide, vibrant, positive form of economic activity. As though buying and seliing property actually produces wealth or creates something.
Of course, it doesn't. Nobody in this bloody country is actually MAKING anything. Who is producing the wealth? Who is making the stuff that we sell to pay for the houses we are buying?
People passing houses back and forth to one another is no substitute for making stuff. I wish people would understand that, but it seems to me they don't.
Get with the new era, you've been listening to your grandparents and their advice is so 20th century, In the Ireland of celtic tiger II, debt is the new wealth, prudence is foolishness, saving is poverty and excess consumption is your civil right.
There are 600 US firms in Ireland.
They employ 100,000 people.
Indirect employment amounts to another 225,000.
Excluding the construction industry and the public sector, the US provides 17 per cent of Irish jobs.
The US invests twice as much in Ireland as it does in China.
US firms contribute â‚¬2.7bn in corporate tax to Brian Cowen.http://www.unison.ie/business/stories.p ... si=1723379
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US firms were also responsible for 87% of our exports in 2005.
The free lunch has yet to be invented - the tipping point for the Irish economy
http://www.finfacts.com/irelandbusiness ... 6332.shtml