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26 November 2013 | 99 comments (99 topical, editorial, 0 hidden)
Re: World (none / 0)
The capital intensity of the periphery needs to rise. That's the only way for incomes to increase, too.

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 Migeru (migeru at eurotrib dot com) on Tue Nov 26th, 2013 at 10:55:59 AM EST
[ Parent ]
Re: World (none / 1)
Agreed. But finance has recently found it more profitable to sell the improvement but deliver a failed project and a debt - see Ireland.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Nov 26th, 2013 at 11:19:04 AM EST
[ Parent ]

26 November 2013 | 99 comments (99 topical, 0 editorial, 0 hidden)
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