Comments on: The growing Franco-German schism Mon, 20 May 2013 19:02:41 +0000 hourly 1 By: satori23 Wed, 15 May 2013 19:44:22 +0000 Speaking of consequences, you can believe in ”human dignity” or whatnot as much as you believe in this world of ”inhuman malice” or whatever you’ve described above, yes?

In the end, we’re fighting for our beliefs all the time and every once in a while there’s a shift in our belief systems.


By: OneOfTheSheep Wed, 15 May 2013 16:08:09 +0000 @satori23,

Germany is a whole lot smarter and honest than America with it’s “guest workers”. They say up front: “You want yo work here, here’s the deal: You work. No path to citizenship, ever. If and when Germans want ‘your’ job, they get it. If and when you have no job, leave. Sign here.”

I agreed with you on Denmark and the Netherlands when I wrote: “So of the “social democracies” German workers seem to be the only ones who actually EARN their “social benefits”.”

There is NO “humanity” in economics. That’s why it is called “the dismal science”. You are one of those dreamers that believe in “human dignity”, an oxymoron if ever there was one.

Faced with a shortage of food and rampant dissatisfaction Captain John Smith told early American settlers: “Those who don’t work, don’t eat.” And so under strict and enforced discipline the colony survived.

Over recorded history the average standard of living the world over has never been higher. Even those on the bottom of the pile with no crops, no land, no education, no skills, no job and no prospects, who producing NOTHING but more of themselves, feces and urine, receive more than enough food to survive from the rest of the world.

There is still hunger and starvation because of “local politics”, corruption and incompetence. No one works to improve their own “bad situation”. The very concept of
personal responsibility” is utterly foreign to those of historic and perpetual dependency.

I would not be surprised to someday see a “Union of manna eaters” through which their “right” to a voice in the flavor and quantity “due” each” can be demanded.

When there is enough complaint about that which is free, all incentive to provide same disappears. All choices have consequences, whether direct or indirect.

By: satori23 Wed, 15 May 2013 10:50:57 +0000 @OneOfTheSheep

Reinhart and Rogoff provided the study that shows how assessments depend on scope of data you’re willing to factor in.

Seven million people in Germany works on ”mini jobs”, these imported slaves get no benefits whatsoever; they do provide some competitive edge though.

Consumer debt in Denmark, Netherlands.., is around 250 percent of available income. Talk about living beyond your means…

Regardless, my opinion on working hours and slave wages has more to do with humanity than economy.


By: OneOfTheSheep Wed, 15 May 2013 03:20:37 +0000 “Handelsblatt, the German business paper, published a leaked document from the German Economics Ministry that derides declining French competitiveness, noting France has the second-lowest annual working hours in the EU.”

“Now, measured by a number of indicators, the French look less like Germans and a lot more like the Spanish, the Italians and the Greeks”. So of the “social democracies” German workers seem to be the only ones who actually EARN their “social benefits”.

This would seem to indicate that satori23 is precisely wrong. All but Germany are going to have to increase their productivity. That means working more for the same or less money.

Mathematics is soooo insensitive, isn’t it?

By: pbgd Tue, 14 May 2013 15:20:42 +0000 History repeats itself. The horror of WW1 inspired the foundation of the League of Nations which was all but forgotten before WW2. The horrors of WW2 then inspired the idea of the EU which is now starting unravel as well.

By: satori23 Tue, 14 May 2013 08:34:57 +0000 In broader scope, 150 years old social contract needs an amendment. People should work less for more money, not the other way around. Imo, this will kick in, eventually and in one way or another.

It should be clear though, competitiveness as envisioned and interpreted by German policymakers and ECB (troika) revolves around such meek concepts as ”mini jobs”.., it is effort not to remove, but to enforce structural failures that led to Dhaka building collapse. While easily noticeable today, the full scale of correction is yet to unfold. It seems to me that strong weakness of austerely hurt European consumers has more than enough potency to affect the globe.

As for market pressure, these folks that bowed to it and hurt their own constitutes in process are being removed from the political scene, needless to say game changes as new players are introduced. It’s often said that southern parts of Europe live beyond their means, yet the fragmentation that, among other things causes frugality if not poverty, also keeps households debt clean. This is in stark contrast to the north and… well, as said, some realizations are yet to kick in.

Either way, it’s a good read Frederick, thanks.