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There's something worse that lawyers who can't count. Lawyers who think they can. The problem is that politician dream up of an european union to make sure no
by martinced 14y ago
There's something worse that lawyers who can't count. Lawyers who think they can.
The problem is that politician dream up of an european union to make sure no more french / german war would happen. But politicians can't count: they're for the most part lawyers.
So they build this monstrosity: the European Union. A mad bureaucracy / technocracy where every document is translated in 27 languages (including obscure ones): small countries love it because they can send people to get jobs in Brussels at crazy high salaries. For what? Paperwork. Nothing but paperwork.
Then they dreamed up the most stupid thing ever: a common currency (the euro) without a common fiscality. Only stupid lawyers can come up with nonsense like this. Economists did warn them, before the first euro even circulated, that it would end up in precisely the current situation (even the default of Greece and Spain had been forecast).
Nobody listened.
Wanna know what's coming next? It's easy: go read what economists who predicted the current situation are saying. They're from the Milton Friedman school of economics thought. Keynesians lost is and lost it a long time ago. Nothing to learn there: they never predicted anything more than a few years (two or three) before it happened. If you want to predict 15 years+ ahead you have to read Friedman and its disciples.
What coming next is simple: these stupid politicians and lawyers who created all this crazy paperwork and non-sense laws are going to try anything they can, including more and more non-democratic measures, to try to save the euro.
But they can't save it: it's fundamentally flawed. Countries have to get out or the entire eurozone is going to split and go back to national currencies.
The cost is going to be about 15% of the GDP for all the countries exiting.
If the euro ain't split in the few years coming we'll be going to have the BCE defaulting (the BCE basically already became a bad bank, drowning under state debt from states who are going to default) and massive civil unrest: people losing everything.
Here we're talking about a worldwide GDP drop of about 30%.
So either we bit the bullet now and take about a 15% GDP loss by going to national currencies or we try desperately to save the euro and we'll end up creating a much bigger problem.
We're witnessing history. We're seeing a bunch of clueless politicians (who are mostly lawyers) totally f^cking up the entire economy of a continent (and probably of the entire world).