Comments on: Expect worse for the working class http://blogs.reuters.com/john-lloyd/2012/01/10/expect-worse-for-the-working-class/ Wed, 13 Apr 2016 01:13:45 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: txgadfly http://blogs.reuters.com/john-lloyd/2012/01/10/expect-worse-for-the-working-class/#comment-135 Thu, 12 Jan 2012 04:46:16 +0000 http://blogs.reuters.com/john-lloyd/?p=120#comment-135 Promises were made, payment was taken, the people who took it can be identified, more or less. That is all that is needed.

Systems change. Institutions change. Governmental systems change. Economic systems change. Has this ever been thought through beforehand? I think not.

Hold on to your hat.

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By: aspee http://blogs.reuters.com/john-lloyd/2012/01/10/expect-worse-for-the-working-class/#comment-133 Wed, 11 Jan 2012 18:38:15 +0000 http://blogs.reuters.com/john-lloyd/?p=120#comment-133 the workers have been losing benefits and jobs for years as the Masters of the Universe played in the third world making their workers slaves. Now after the Masters of the Universe had their little games, that they profited from in the moment, break the develop world’s finances it’s the workers who must pay the price.

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By: txgadfly http://blogs.reuters.com/john-lloyd/2012/01/10/expect-worse-for-the-working-class/#comment-131 Wed, 11 Jan 2012 15:11:38 +0000 http://blogs.reuters.com/john-lloyd/?p=120#comment-131 At issue is whether individual loyalty to a particular nation / State has any value or not. Is a country anything more than the property of its ruling class? Have we regressed to the European Bourbon monarchies? Or can there be a political identity with a group that is friendlier to an individual?

As conditions get worse for people in what was once called the “West”, these are valid questions. Given the propensity of governments to treat their “citizens” more like livestock than human beings, it is doubtful that current models of government based on the theory, but not the practice, of ethnic self-determination will survive. Tribes take care of their own considerably better than “Human Resources” departments.

The issue is the breakup of current countries as their ethnic and racial makeup shifts further and further from a core of people who actually have a shared cultural background. The kind of thinking displayed in this article will clearly lead to the breakup of current entities, most likely in a violent fashion.

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By: Dafydd http://blogs.reuters.com/john-lloyd/2012/01/10/expect-worse-for-the-working-class/#comment-130 Wed, 11 Jan 2012 09:42:54 +0000 http://blogs.reuters.com/john-lloyd/?p=120#comment-130 You mention two of Mr Monti’s previous occupations, but not that he also worked for Goldman Sachs. Strange, especially considering this is something he has in common with the prime minister of Greece.

As the share of the pie taken by workers has been in retreat since the 80s it is demonstrably NOT unsustainable worker benefits that have brought us into this mess.

Kicking the workers a little harder will not pull us out. Any more than kicking a dog would.

Whatever economic theories you, the rest of the politico/journalistic elite or former employees of Goldman Sachs have are by now discredited. If they tell you to cut worker benefits to get out of this, you can be sure that is NOT the way.

Who will spend the money to raise GDP when the workers are left poorer?

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By: OneOfTheSheep http://blogs.reuters.com/john-lloyd/2012/01/10/expect-worse-for-the-working-class/#comment-129 Wed, 11 Jan 2012 05:28:46 +0000 http://blogs.reuters.com/john-lloyd/?p=120#comment-129 Mr. Lloyd, seldom have I seen so many accurate but often challenged realities from multiple, concise sources in clear words. A fine presentation of facts and conclusions.

Interesting that Italy’s postwar “recovery” under our Marshall Plan was “…mostly organized by the Communist Party – the biggest in the West – and by the trade unions”. And I suppose it should not be surprising that the Vatican “…was itself only a little less anti-capitalist than it was anti-communist”. Very, very interesting “bed fellows” of recent history.

More than a few that live “over the pond” (or whose hearts are there) repeatedly laud the “benefits” of Euro-Socialist governments. They are, even today, in denial that the very governments they hold up as “good examples” of social responsibility will be increasingly in financial trouble as a direct result of social benefits their economies simply cannot sustain in the long term.

WW II ended sixty-six years ago! Why are “European “…working people…still not too many months of unemployment away from a hard time…”? How many generations is it that have lived pay check to pay check and NEVER “put back some” for the inevitable “rainy day”?

With SEVEN BILLION people on our planet, productivity at reasonable cost is “globalization’s demands”. The successful economies of the future will be those who best adapt. The countries that can not or will not adapt will have less and less work and a worse and worse economy. Solidarity is so “old Europe”.

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