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That is a structural problem that won't be solved by exiting EZone/EU

how can it be solved, in your opinion?

keynesian job creation? government investment of citizens' taxes to provide employment and teach skills to make them productive?

whose fault is it they don't get smart like the germans and invent more saleable stuff for the world economy, or price their labour cheaper than asia's?

if we are in a painful transition period between old and new capitalism, what is the goal the suffering is for?

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Mon Mar 11th, 2013 at 10:04:42 AM EST
[ Parent ]
how can it be solved, in your opinion?

The Andrew Mellon way:

liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate... it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.


I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Mon Mar 11th, 2013 at 10:15:12 AM EST
[ Parent ]
whose fault is it they don't get smart like the germansBavarians and invent more saleable stuff for the world economy, or price their labour cheaper than asia's?
Fixed that for you
Edmund Stoiber once caused something of an uproar when he said "unfortunately, not everyone in Germany is as intelligent as in Bavaria".
(today's Newsroom)

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Mon Mar 11th, 2013 at 11:23:36 AM EST
[ Parent ]

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