mediahasyou
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- Feb 24, 2008
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...and 1/2 world's workers employed in the black market now
source: http://www.freakonomics.com/2011/11/01/the-black-market-is-the-second-largest-economy-in-the-world/
Did black markets get a new name?
“System D is growing faster than any other part of the economy, and it is an increasing force in world trade. What’s more, after the financial crisis of 2008/2009, System D was revealed to be an important financial coping mechanism. A study by Deutsche Bank, the huge German commercial lender, suggested that people in the European countries with the largest portions of their economies that were unlicensed and unregulated — in other words, citizens of the countries with the most robust System D — fared better in the economic meltdown of 2008 than folks living in centrally planned and tightly regulated nations,” Neuwirth writes.
source: http://www.marketwatch.com/story/mu-2012-01-13
What exactly is System D?
"System D is a shorthand term that refers back to the French word débrouillard or démerder. The verb se débrouiller means "to untangle". The verb se démerder means to literally to remove oneself from the shit. The basic theory of System D is that it is a manner of responding to challenges that requires one to have the ability to think fast, to adapt, and to improvise when getting the job done. It has the connotation of getting around the system, managing to accomplish, or breaking the rules."
source: http://en.wikipedia.org/wiki/System_D
lol @ wikipedia
source: http://www.freakonomics.com/2011/11/01/the-black-market-is-the-second-largest-economy-in-the-world/
Did black markets get a new name?
“System D is growing faster than any other part of the economy, and it is an increasing force in world trade. What’s more, after the financial crisis of 2008/2009, System D was revealed to be an important financial coping mechanism. A study by Deutsche Bank, the huge German commercial lender, suggested that people in the European countries with the largest portions of their economies that were unlicensed and unregulated — in other words, citizens of the countries with the most robust System D — fared better in the economic meltdown of 2008 than folks living in centrally planned and tightly regulated nations,” Neuwirth writes.
source: http://www.marketwatch.com/story/mu-2012-01-13
What exactly is System D?
"System D is a shorthand term that refers back to the French word débrouillard or démerder. The verb se débrouiller means "to untangle". The verb se démerder means to literally to remove oneself from the shit. The basic theory of System D is that it is a manner of responding to challenges that requires one to have the ability to think fast, to adapt, and to improvise when getting the job done. It has the connotation of getting around the system, managing to accomplish, or breaking the rules."
source: http://en.wikipedia.org/wiki/System_D
lol @ wikipedia
