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I would agree that the characterization is insulting. But the real point is that once a disparity appears, regardless of the cause, it becomes a vicious cycle.
by vannevar 12y ago
I would agree that the characterization is insulting. But the real point is that once a disparity appears, regardless of the cause, it becomes a vicious cycle. And in a dynamic multilateral economy, disparities are virtually guaranteed. Any economic system that relies on relative parity in the participants must have a compensatory mechanism (ie, wealth redistribution) to maintain that parity in the face of the systematic tendency for wealth to flow from the poor to the rich. This is as true for the Eurozone as it is for the NFL here in the States.
- deleted 12y ago[deleted]
- pvaldes 12y ago> once a disparity appears, regardless of the cause, it becomes a vicious cycle And that nobody is saying is that austerity measures wrong-by-design, corrupt politics generously feeded and sponsored by "Europe", and national central banks and organisms deliberately not doing the surveillance job what supossedly we had payed them for, are the cause, or at least responsible for a lot of this situation. And there is also the full speed "burn as many environmental resources and biodiversity as you can" situation in order to be able to pay high fake interests also. Economists are blind. His "I will not spend any money for erradicating those zebra critter mussels in Spain in 2001 (when we could have done this) because the economy..." is currently a mortage of >40 millions of euro/each year for the next generation of europeans. All that they say is that "economy is recovering". Those people should be fired. Right now! Before they can be able to do more damage. German banks lend lots of money to help some especulators and delinquents continue destroying the coasts and nature of southern Europe, when the pyramidal system crash eventually Greeks and Spaniards workers, that weren't even in the bussiness, are forced to pay the disaster created, for an esotheric reason.