Another super Mall for Santiago!!!!

the gorgon

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So, they are going to build another mall, which will house a whole bunch of empty storefronts, an MC, Pizzahut, Wendys, and all the other restaurants you find in every bloddy mall here.

If it is located near a school or university, it will fill up at noon with a couple of hundred screaming kids who want to eat the junkfood, and then it will die again.

Mind you, Pichardo, I get the point as to where building the mall will provide jobs, for a short time. And yes, that is positive. I also get the point that private investors could not care less about the orphans, etc... as they do not bring in any money.

Then again, the malls you mentioned in the UK, and the US, they bring return on investment through rent. Empty storefronts here only cost the investor, so there must be another reason behind building it.

If on the other hand they would invest in social housing, with affordable rents, and in a safe area, they would get return on investment. Hell, I would even throw in a decent school, with decently paid teachers, because, think about it. Educated people living in my social housing project, will get better jobs, be able to afford a higher rent, and will be able to buy stuff at the tiny little shopping mall on the premises, but with stores with goods people need and can afford. Hell, maybe some of the kids who went to school thanks to them, would even rent a storefront from them...

Mind you, I am dreaming, as this mall is not about making money, it is about laundering money. Something else entirely.

BelgianK

wonderful insights, BelgianK
 

Aguaita29

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Jul 27, 2011
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. It would take a functional mail system for an internet based method to work, so the complete lack of a mail system currently protects the shopping malls.

What do you mean the complete lack of a mail system? What's wrong with the regular mail?
 

the gorgon

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No, each activity has its own external costs and benefits. London has very few shopping malls for its population and only one elevated road, the M4 reaching into central London.

Shopping malls with hypermarkets may destroy more jobs than they create. Small shops, markets, tradespeople, local manufacturers etc. etc. can loose jobs. Malls and Hypermarkets in their adverts promote expensive imported goods again lowering jobs in local agricultural production etc. Highways to the malls are very expensive and imports of cars and oil are made more attractive. Time is wasted in traffic jams - event for those people who choose not to travel some miles to do their shopping in a mall. Entrepreneurs
find it difficult to sell to large multinationals who have no incentive to buy local whereas its easier to sell to small shops and market stalls. So the entrepreneurs dont create so many jobs. Malls cause governments and others to invest in polluting power stations to feed greedy malls. Some mall owners and their clients who rent have deep pockets and force local businesses to close by undercutting for a while then when this accomplished prices are forced up.

Some malls may be built by millionaires - others are built by people with access to moneys saved by people for their pensions - so if too many malls are built and they become dead it very many little people who suffer.

Most places government planners take into account externalities and are sensible in limiting malls/urban roads/car parks in cities etc. etc.

The need in the DR is lower cost housing not malls and if unsocial investment such as malls is limited funds find their way into worthwhile projects.

yapask1


another great posting from yapask1. can either PICHARDO, or NALS, give us a breakout of what percentage of the products sold in these malls is locally manufactured? then we would have an idea of the real benefits of employment. what good is it to have an army of people making 5 thousand pesos per month selling Benetton garments which cost nearly as much as their daily salary?
 

Chip

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Jul 25, 2007
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no, Chip. this kind of development is not what the country needs. it has far too many of them, already. what it needs is education, sanitation, a health care system that works, electricity delivery that is not reminiscent of the 19th century, and other things. not one more concrete colossus. secondly, building malls is not progress. progress is when people can read, write, and count above 5.

I'll put it in simple terms for you - before wealth can be redistributed it first must be obtained.
 

the gorgon

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I'll put it in simple terms for you - before wealth can be redistributed it first must be obtained.

let me put it in even simpler terms for you. an uneducated populace cannot create wealth. you cannot create wealth in a society in which basic energy delivery is nonexistent. see where this is leading, Chip?
 

Chip

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let me put it in even simpler terms for you. an uneducated populace cannot create wealth.

So there was no wealth in the world before schools?

you cannot create wealth in a society in which basic energy delivery is nonexistent.

So there was no wealth before electricity?

see where this is leading, Chip?

... just another exercise in try to win an argument based on repetition and name calling.
 

the gorgon

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So there was no wealth in the world before schools?



So there was no wealth before electricity?



... just another exercise in try to win an argument based on repetition and name calling.

those questions are not worthy of a response, so i will eschew attempting one.
 

the gorgon

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Chip, i will just say this, in the event that it escaped your attention. we are no longer living in the era before the discovery, and universal usage, of electricity. see, i broke my vow not to respond to you. i could not help it. the questions were so looney, i could not restrain myself.
 

yapask1

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I'll put it in simple terms for you - before wealth can be redistributed it first must be obtained.

Nonsense again. Before money is a store of value it is a medium of exchange. For example is someone is cutting the hair for someone who works in a small restaurant and spends the money in a restaurant meal a simple reciprocal exchange takes place. If this is repeated there is no store of wealth - money simply circulates from current money flow.

If the people engaged in similar activities club together to employ a builder who works for them building houses for them there is a diversion of funds and they must make sure they they pay the builder enough for for haircuts, restaurant meals, food etc. otherwise their businesses will not function. Still no wealth but houses being built.

After WW2 UK was drastically short of houses but there was no wealth to pay for social housing. UK was deeply in debt. Either directly or through companies government employed people for the stages of the housebuilding - growing trees, making bricks, making electrics and fittings etc. One year UK 400,000 houses were built - vast proportion social housing. Those that could afford it paid rent, those who could not no.

The pattern was repeated in HK, Singapore etc.

But the wealth if any was not re-distributed - and little accumulating of wealth - the government , the people owned the houses. Money for services, trade etc. simply went round and round. And there were incentives true but no need to build piles of wealth for re-distribution.

yapask1
 

Chip

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With all due respect after seeing all these zany ideas about how economics should work in theory and the actuality of economics in the US and Europe I believe it could be proposed that our system of higher education is failing, at least in the area of economic theory.

Furthermore, I think before any advanced degree is given in economics that there would be a requirement that the student would have run a business in the black for at least 3 fiscal years, with their own capital of course. That should weed out the theorists with their redistribution and nanny state concepts.
 

Chip

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i will. however, i am conflicted between the instinct to ignore your stupid remarks, and the duty to at least attempt to educate you, futile though that might be.

To your credit you appear educated. However, what good is intelligence without principle? Not a whole lot.
 

the gorgon

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With all due respect after seeing all these zany ideas about how economics should work in theory and the actuality of economics in the US and Europe I believe it could be proposed that our system of higher education is failing, at least in the area of economic theory.

Furthermore, I think before any advanced degree is given in economics that there would be a requirement that the student would have run a business in the black for at least 3 fiscal years, with their own capital of course. That should weed out the theorists with their redistribution and nanny state concepts.

running a business in the black is business administration. it is not economics. i know guys who have run colmados in the black for several years, who can barely read, or write. would you want those guys to write a budget proposal with a five year window?
 

the gorgon

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To your credit you appear educated. However, what good is intelligence without principle? Not a whole lot.

principle? among my principles is that i abhor child molestation to the degree that i would not join an institution that condones it. how about you?
 

pelaut

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Aug 5, 2007
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For a country that cannot provide decent public education, health care and even sanitary living conditions for its citizens where on earth do they get the money for all this construction?
The condo/mall/resort construction boom in the DR has been money laundering for a long, long time.
The shift of the S.A.-to-U.S. drug bridge from Haiti to the DR that occurred from 2006 onward is actually a net economic gain for the DR.

This has caused a huge social hit, since the traffickers pay local help in product, which in turn creates a major destructive local market, which in turn creates abandoned children.

But don't blame wealth creation for Pete's sake! Failure to pass on virtuous mores between the generations, proper role models in all social institutions and, most especially, lack of teachers that want to teach ? that's the problem.
 
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Chip

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running a business in the black is business administration. it is not economics. i know guys who have run colmados in the black for several years, who can barely read, or write. would you want those guys to write a budget proposal with a five year window?

To their credit these guys understand that you have to have more money coming in than going out. Apparently Obama and many other leaders don't understand that concept.
 

Chip

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The condo/mall/resort construction boom in the DR has been money laundering for a long, long time.
The shift of the S.A.-to-U.S. drug bridge from Haiti to the DR that occurred from 2006 onward is actually a net economic gain for the DR.

This has caused a huge social hit, since the traffickers pay local help in product, which in turn creates a major destructive local market, which in turn creates abandoned children.

But don't blame wealth creation for Pete's sake! Failure to pass on virtuous mores between the generations, proper role models in all social institutions and, most especially, lack of teachers that want to teach — that's the problem.

With all due respect according to the US Government trafficking has decreased since the DR bought the Tuscanos to patrol their airspace.

Laundering is of course a problem, but I don't think that can explain all the growth this country has. The fact is the DR is a community with needs for goods and services just like any other place in the world.

With regard to abandoned children, I haven't seen any evidence that it's out of control. However, I fully expect it is problematic in tourist areas where prostitution is rampant. The solution to that would be to outlaw prostituion imo.
 

the gorgon

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Sep 16, 2010
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To their credit these guys understand that you have to have more money coming in than going out. Apparently Obama and many other leaders don't understand that concept.

who says that you have to have more money coming in than going out? which university taught you that? there are things known as business cycles. there are boom times, and there are bust times. i bust times, deficit financing is usually a good strategy, because, without it, you cannot restart the economy. in boom times, you can resort to fiscal conservatism. drying up liquidity in a recession is the perfect recipe for making a depression. running an economy is not the same as running a hot dog stand.
 

the gorgon

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Sep 16, 2010
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With all due respect according to the US Government trafficking has decreased since the DR bought the Tuscanos to patrol their airspace.

Laundering is of course a problem, but I don't think that can explain all the growth this country has. The fact is the DR is a community with needs for goods and services just like any other place in the world.

With regard to abandoned children, I haven't seen any evidence that it's out of control. However, I fully expect it is problematic in tourist areas where prostitution is rampant. The solution to that would be to outlaw prostituion imo.

do you have any datasheets to support your suggestion that child abandonment is most rampant among prostitutes, as opposed to other members of the population?