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I posted that story from 2 weeks ago over at the Oil Drum today and the thread is surprisingly unanimous in agreement, with quite a few thoughtful comments.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Mon Oct 12th, 2009 at 05:23:27 PM EST
Hi Jerome,
you spawned a lively discussion at TOD with A LOT of comments. But not giving many results :-(
Citing your summary.
Jerome wrote:

We need policies that actively promote (i) increasing incomes for the lower and middle classes, (ii) public investment (in particular on energy and healthcare) paid for by increased taxes, (iii) cutting down corporates (in particular, banks) to size. We obviously won't get any of these until the influence of money on politicians has been cut massively.

Here you give some action points to do. If this is agreed a discussion about the actions how to reach these targets should be started. But not on a blog. On a wiki. I'm advertising http://wiki.eurotrib.com/index.php/Main_Page. :-)


The past crisis was obviously not sufficient to shake the current system; if anything, the grip has been tightened. Pain for the masses does not matter if it has no impact on the political process; the past year suggests that the corporatists have been successful at defusing public anger and pointing it away from the real culprits; in many countries, the left is split between those that have been compromised too much within the system and those that are too seen as too shrill and neither can provide a credible alternative.

The masses don't understand all these things about voodoo finance and how to stop it. And even people with an academic grade have problems I suppose. So there should be a step by step explanation what should be done, why and how. Again use http://wiki.eurotrib.com/index.php/Main_Page.
I guess most people in the developed world will agree that losing a job is bad. So unemployment should be fought. If this means that we need a different financial system then fine :-)  http://wiki.eurotrib.com/index.php/Main_Page.
And now in the end some self advertising. http://wiki.eurotrib.com/index.php/BeyondPonziEconomics.

I want to close with a wise guy.
Migeru wrote:


We have tried twice to attach a wiki to the blog in order to condense our distilled wisdom into groundbreaking articles,
but the ET community lives on the blog, not on the discussion pages of the wiki.

Schau in mich, Harno

Make it as simple as possible but not simpler (Albert Einstein)

by harnoes on Wed Oct 14th, 2009 at 05:54:42 PM EST
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