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But the artificially cheap currency comes about because savers' savings are being inflated away. Moreover it's unlikely that the money lent to Greece will ever
by mafribe 11y ago
But the artificially cheap currency comes about because savers' savings are being inflated away. Moreover it's unlikely that the money lent to Greece will ever come back. I don't see any evidence that in balance Germany benefits from this. Have you got any?
- eli_gottlieb 11y agoGerman workers trying to save lose. German capitalists making their money on exports and investing it by loaning it out win.
- mafribe 11y agoGiven that the latter, unlike the former, is a very small number, you've not succeeded in explaining how Germany is benefitting.
- coldtea 11y agoIn that Germany, as a state, could not give a fuck about Germans. As any other state, it's all about the national rich people making a killing.
- mafribe 11y agoHow does resentment-fuelled classwar!-style rhetoric contribute to this discussion?
- coldtea 11y agoIn that it's an accurate description of the state of the world. Knowing what we do about human history, why would you assume that kindness-filled all-classes-living-in-harmony! rhetoric has much descriptive power? With a king, a feudal lord or a pharaoh you can see the "class" thing and the exploitation immediately -- why think that with a modern man that has 1000x times the money and resources of his fellow citizens it's any different? Because democracy?