Comments on: Enough austerity, it’s time for reform http://blogs.reuters.com/hugo-dixon/2012/01/09/enough-austerity-its-time-for-reform/ Mon, 18 Apr 2016 14:55:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: OneOfTheSheep http://blogs.reuters.com/hugo-dixon/2012/01/09/enough-austerity-its-time-for-reform/comment-page-1/#comment-142 Tue, 10 Jan 2012 08:03:51 +0000 http://blogs.reuters.com/hugo-dixon/?p=228#comment-142 @txgadfly,

Your myopia is showing. Just WHO do you think the “welfare of the people” comes from? In today’s world, it’s a healthy economy.

The “welfare of the people” is pretty much similar to asking someone at what age will they retire and how well. The answer must, in the end, be consistent with current financial reality if it is to mean anything to anyone.

So from where does a healthy economy come? From government policies that are sustainable by the gross national product (GNP) of a given country (or confederation of them). The more unrealistic (greedy) the demands of a given labor force, the more likely their local economy is to sour and ultimately fail.

A country’s labor is an asset just as a country’s capital is an asset. The interplay between the two is a delicate balance between government and the governed such that commerce is profitable. If and when the expectations of the people wander far from economic reality government has two choices. Bring (manage) public opinion back to reality or preside over an ever-increasing economic failure. None who have lived through such would ever do it again if there is ANY other choice.

When profit is great, GNP grows and everyone benefits. As profits become elusive, private capital is increasingly likely to leave for greener pastures. Every year is a new negotiation, and in a very real way citizens ARE the “engine” that makes successful countries producers and unsuccessful countries economic failures. Eventually Socialism runs out of other people’s money.

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By: txgadfly http://blogs.reuters.com/hugo-dixon/2012/01/09/enough-austerity-its-time-for-reform/comment-page-1/#comment-141 Tue, 10 Jan 2012 00:42:00 +0000 http://blogs.reuters.com/hugo-dixon/?p=228#comment-141 The welfare of the people of these countries is the point, not the welfare of their Governments and Companies. It is a dangerous error to see the people as property to be “managed” efficiently by organizations which are essentially for sale to the highest bidder. This is the fatal trap into which the USA has fallen and cannot get out of.

America provides many lessons concerning bad Government and worse Companies. Citizens are different from Employees, which the USA just cannot seem to understand. Europe needs to beware.

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By: OneOfTheSheep http://blogs.reuters.com/hugo-dixon/2012/01/09/enough-austerity-its-time-for-reform/comment-page-1/#comment-140 Mon, 09 Jan 2012 18:51:05 +0000 http://blogs.reuters.com/hugo-dixon/?p=228#comment-140 The obvious problem is a lack of effective leadership. The countries of the Euro seem to lack “great communicators” capable of explaining the problems present that must be resolved if there are to be “good times” in the future for this and /or future generations.

People will accept almost anything so long as they understand that there is little or no choice and that there is light at the end of the tunnel someday. But you have to inform and explain so as to make them perceive themselves and THEIR choices as “part of the solution” and not “part of the problem”.

There is also the “sticky wicket” that there are increasingly insufficient jobs of ANY sort for the fastest growing demographic of populations world wide, the poorly educated, poorly motivated, poorly qualified, poorly experienced youth with no present or future place or purpose in existing society. They will have ever-increasing incentive to tear it down.

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By: scythe http://blogs.reuters.com/hugo-dixon/2012/01/09/enough-austerity-its-time-for-reform/comment-page-1/#comment-139 Mon, 09 Jan 2012 18:44:00 +0000 http://blogs.reuters.com/hugo-dixon/?p=228#comment-139 aka. rape and plunder – “privatization, liberalization of product markets, and increasing the efficiency of the public sector and the judiciary”

this reeks of republicanesque anglosaxon capitalism

americans and brits also howl, most desperately, from the economic pain inflicted by a legacy of cumulative reforms in their backyards

Only mad cows with BSE (basically silly economics) promote this deforming nonsense

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