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a deepening aversion to change at the very moment it is becoming impossible to resist

This is the article's keystone. Pull it out and the rest crumbles.

When will we see some substantiation for this claim?

  1. Aversion to change? No, Mr Stephens, people are not averse to change. They are averse to getting a worse and worse deal and being told that they'd better get used to the idea that there's more of that coming. While the rich get richer.

  2. At the very moment? It's been a quarter of a century we've been hearing we have to accept tough "reforms"; and fifteen years that globalisation is an inevitable tide.

  3. Impossible to resist? We'll see about that.
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Mar 24th, 2006 at 09:13:51 AM EST
One can translate this as

"a deepening aversion to being stiffed at a time when companies are increasingly successful at convincing politicians and pundits that it's a good thing to stiff workers"

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

by Jerome a Paris (etg@eurotrib.com) on Fri Mar 24th, 2006 at 09:19:44 AM EST
[ Parent ]
At the bottom of all this is the threat of a capital flight away from the western economies. How realistic is the threat, I don't know. Our governments have been fighting people who get residency in tax havens for a long time. Now it seems they're going to have to start fighting the "national champions'" desire to do the same.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Carrie (migeru at eurotrib dot com) on Fri Mar 24th, 2006 at 09:25:21 AM EST
[ Parent ]
How realistic is the threat, I don't know.


Quite real as long sovereign entities continue to debase themselves by considering private entities as their equals or their superiors.
by Francois in Paris on Fri Mar 24th, 2006 at 02:05:52 PM EST
[ Parent ]

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