It is appalling than no one in a "socialist" party should be able to diagnose a problem deriving from the excesses of the very wealthy.
European Tribune - Spain Crisis Report
[Zapatero] also espoused his philosophy that he didn't want to be accused of being a "demagogue" for trying to neutralise impopular measures such as freezing pensions until 2011 and cutting public servants' wages with a simultaneous tax raise for "the rich".
That may have been a generational thing. Remember that the economic conventional wisdom threw Keynes out with the bathwater during the 1970's stagflation. Pretty much anyone born after 1960 has basically been educated in neoclassical economics or MBA-think, and that's if they have a formal economics education as opposed to what you pick up from pundits, best-selling paperbacks and the guy at the bar. Throw in the "electability" dynamic and you end up with the hegemonic parties of the left putting their economic policy apparatus in the hands of "serious" economists (albeit with the heart in the right - that is, left - place) with, in hindsight, unsurprising consequences. By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
noone faced merkel with the real problem. Noone threateened to stop paying the debt if it was not monetize. Noone insisted on germany inflation.
And,e ven itn eh worst case scenario , nobody proposed a full tax ont he rich to compensate for teh losses.
The sad truth is that they might not know what hit them. It is really sad... this is the case or... Spain was blackmailed. That is anotehr option .. because someone somewhere must know that you can not contract yourself out of a crisis.
A pleasure I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude
