European Tribune - Comments - So, how much more 'reform' do we need?

So, how much more 'reform' do we need? | 13 comments (13 topical, editorial, 0 hidden)

Re: So, how much more 'reform' do we need? (none / 0)

A rational economic policy maker might well decide to adjust the balance of policy as you suggest. As a non expert it seems to me that the right goal is a balanced economy which pursues a sustainable spiral of growth.

However politicians, dependent for campaign funds upon those self interested in a particular policy, may not be rational decision makers. Pursuing a formerly successful policy until it causes catastrophe is a terrible temptation.

by Gary J on Mon Jun 5th, 2006 at 06:28:32 AM EST

Re: So, how much more 'reform' do we need? (none / 1)

What we need is a policy that does not criticize profit making by corporations, but reflects the fact that it is in the corporations' very own long term interest that these profits be reinvested in the economy to boost demand. That investment can take the form of actual investment by corporations, wage increases (investment in the labor force), or transfer to others (taxes) for them to invest on bahalf of the collectivity.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Jun 5th, 2006 at 06:32:43 AM EST
[ Parent ]

Reform here. Investment there. (none / 0)

The corporations usually want the reform in the wealthier countries, but all their investment goes into coontries with low labor costs, and usually potentially huge markets.

by observer393 on Tue Jun 6th, 2006 at 03:57:20 AM EST
[ Parent ]

So, how much more 'reform' do we need? | 13 comments (13 topical, 0 editorial, 0 hidden)

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