i'm guessing this twa.., er, twitt isn't a MENSA member
Posted on 06/12/2018 1:07:11 PM PDT by 2ndDivisionVet
President Donald Trump's historic summit with North Korean leader Kim Jong Un in Singapore on Tuesday, following on the heels of the two Korean leaders meeting a little over two months ago, has raised the question of whether North Korea and South Korea would ever reunite.
Analysts say unifying North and South Korea could cost a trillion dollars under the best of circumstances and take several decades. The final price tag would also depend largely on what the catalyst for reunification is.
Some analyses put the cost of reunification at far more -- closer to $3 trillion. Experts argue that much of the cost surrounding any scenario for Korean unification would depend on whether the countries decided to converge gradually or if a chaotic event occurs. If the reform were carefully planned and followed by a peaceful union, it would be far less expensive than if North Korea's economy collapsed or a war broke out, requiring massive reconstruction costs.....
(Excerpt) Read more at cbsnews.com ...
Great line.
Spending money sure beats getting nuked.
Imagine the fulfilled lives and prosperity that a unified Korea will produce for generations.
You can’t put a price tag on that.
“Cost is never as important as who pays.”
I don’t know much about economics, but . . .
If someone pays a trillion dollars for reunification, won’t someone be receiving a trillion dollars?
Nothing of value is going to be lost or destroyed, right? Unless there is war, and that’s what Trump wants to avoid.
This article seems like one more liberal justification to oppose Trump’s initiative.
You got it.
Another way to say it is ‘the velocity of money in North Korea is going to go WAY UP!’
That is a very good, and very big deal.
Let’s see. Unify the EU: Good. Unify the Korea’s: Bad.
Got it. Whatever. It’s their business if they want to go there but I doubt they want to. I think amicable relations and getting rid of the DMZ will be enough for both.
Would we want to unify North and South Dakota or Carolina? What about the Virginia’s?
Reunion is not in the cards for the near future. It won’t belike hitting the economic brakes like it was when West Germany absorbed East Germany all at once. I think there will be a lot of private business done in a Norkea while being in association with Seoul. The North might just come to be inan arrangement with South Korea analagous to say Hong Kong with China with a bit more autonomy so that Kim keeps his job for at least a while.
The only other thing they worry about the “cost” of is tax cuts.
The West Germans essentially took on a basket case.
i'm guessing this twa.., er, twitt isn't a MENSA member
What’s there to cost? Shake hands and invite the long lost relatives over for dinner.
But the ROI is 3 Trillion.
CBS News Money Watch = spit
Think “Michael, we’re bigger than U.S. Steel”
The North wants to rule. The South wants to rule. Reunification would work if neither rules. Let Japan administer Korea, they had experience doing so for half a century. (Ducking before the bricks get thrown...)
Oh noes! A disaster in the making. Better there had been a nuclear war!
Indeed. The Communist ticks just jumped onto a healthier dog.
The Norks are sitting on trillions.
If they reunited next week, there would be a North Korean business billionaire by 2020.
I doubt that happens.
The biggest problem is that the North Korean population is completely incapable of living in a free market economy. They are so use to doing what there told and living with what meager rations the government gives them that they would likely be completely overwhelmed by just having to choose what to have for dinner.
It might take several generations for them to learn to even make decisions like “paper or plastic”.
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