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About half of the country, mostly middle-class, is enjoying the course set by Rutte which is gradually and inexorably destroying the social fabric that was carefully built over 70 years. Yet many people still rather have Rutte. We've enjoyed extraordinary equality of income over the past years, but I would not be surprised that the coming years there will be a watershed.
The economics of I got mine, fuck you marches on...

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
by Migeru (migeru at eurotrib dot com) on Thu Sep 13th, 2012 at 03:55:55 AM EST
On face value, the high mortgage debt in the Netherlands should be a social issue. The mortgage debt is well offset by unusually high Dutch savings, and (more actual for lenders) big assets of pension funds. As unemployment is still rather low (though rising), the number of distressed borrowers is low as well - and no Laborist would particularly help them either. If you are a net lender, or still have a job, you can still be content in the Netherlands, even if your equity is dropping. Unspokenly, marketists take a good care of lenders.
by das monde on Thu Sep 13th, 2012 at 04:53:09 AM EST
[ Parent ]
The Netherlands is still a strong current acount surplus country. This means internal redistribution is easier and you can have inequality in asset accumulation without high distress.

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
by Migeru (migeru at eurotrib dot com) on Thu Sep 13th, 2012 at 05:20:50 AM EST
[ Parent ]
When do you say "distribution" and when do you say "redistribution"?
by Katrin on Thu Sep 13th, 2012 at 06:29:38 AM EST
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Distribution is me getting my deserts, re-distribution is money wasted on you.
by IM on Thu Sep 13th, 2012 at 06:45:31 AM EST
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In national accounting terms, the distinction is between primary income distribution, which is pre-tax, pre-transfer payment and secondary income distribution which is after taxes and transfer payments. In practice, this distinction makes sense only from the narrowest of administrative perspectives, due to the interpenetration of the private and public sectors in every mature industrial democracy.

Rhetorically, "distribute" is an irregular verb:
I distribute.
You re-distribute.
He gives your hard-earned money to lazy scroungers.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Sep 14th, 2012 at 07:02:35 AM EST
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I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Fri Sep 14th, 2012 at 07:13:44 AM EST
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