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RE: The internet is in danger!
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XXX
Posts: 4400
Joined: Apr. 14 2005
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RE: The internet is in danger! (in reply to BarkellWH)
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quote:
ORIGINAL: BarkellWH quote:
Even Europe, which is oh so famous for economic cooperation and piece, is falling apart just because this very fact that every nation only cares for itself. Wrong, Deniz! Europe is falling apart (at least the southern tier: Greece, Italy, Spain, and to an extent Portugal), not because "every nation only cares for itself." Rather, Europe (the southern tier) is falling apart because it promised its public too much in terms of social welfare, and it borrowed far more on the international market than it could pay for in order to finance this bloated social welfare policy. Europe (Greece, Italy, Spain, and Portuigal) is now paying the price of unsustainable public spending and borrowing. You cant say Europe and then only concentrate on the "southern tier". I am talking about how Europe (not just southern) as a mutual governance fails in the media on a DAILY BASIS. You are a conservative and therefore want to point out that they lived beyond their means. This is very detached from reality and im not interested in fulfilling political doctrines on the cost of truth. The truth is the southern countries simply fell back in terms of competition compared to Germany and maybe France too. If cutting social welfare would lead to having more competition, we would live in a world with 0 social welfare because every nation has the aim to be the most competitive. By the way, especially the southern states, it is more the family who cares for the social support and less the state. Like kids caring about parents/grandparents, things like that. In northern countries, it is more common to get support from the state as an individual person. It is also a cultural difference.
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REPORT THIS POST AS INAPPROPRIATE |
Date Jan. 21 2012 15:24:38
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BarkellWH
Posts: 3458
Joined: Jul. 12 2009
From: Washington, DC
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RE: The internet is in danger! (in reply to XXX)
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quote:
The truth is the southern countries simply fell back in terms of competition compared to Germany and maybe France too. If cutting social welfare would lead to having more competition, we would live in a world with 0 social welfare because every nation has the aim to be the most competitive. By the way, especially the southern states, it is more the family who cares for the social support and less the state. Like kids caring about parents/grandparents, things like that. In northern countries, it is more common to get support from the state as an individual person. It is also a cultural difference. I agree that the southern tier countries have been less competitive in the marketplace than the northern countries. Certain social policies have countributed to the southern tier's lack of competitiveness though, among them an inflexible labor market. But the main problem with their social welfare policies is they were too generous and cost much more than the countries could afford to finance from their own GDP, particularly in Greece, where the current ratio of debt to GDP is 150 percent! Since they were unable to pay for those social welfare policies and were unwilling to cut back on them, they had no choice but to borrow funding to finance them. They borrowed far more than was prudent, and now they are paying the price in economic hardship and financial austerity. Frankly, I don't see how Greece, in particular, can survive in the Eurozone. It might be better for Greece to go back to the drachma, which at least would allow it to set its own interest rates and devalue its currency, thereby increasing exports. But even then, Greece would have to cut back its social welfare programs in order to keep its budget under control, in my opinion.
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And the end of the fight is a tombstone white, With the name of the late deceased, And the epitaph drear, "A fool lies here, Who tried to hustle the East." --Rudyard Kipling
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REPORT THIS POST AS INAPPROPRIATE |
Date Jan. 21 2012 16:13:22
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