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London Calling: Stressed Europe lashing out?

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Peter Clarke
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re: London Calling: Stressed Europe lashing out?
Peter Clarke   10/18/2012 6:20:35 PM
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I get your reasoning and it is clear that many western countries...and the west as a whole, needs to live more frugally. But many people are angry when they see THEIR benefits being cut (the end of final salary pension schemes, the diminuation in real terms of state pension, the increase in retirement age, and so on) when they read anecdotally about soccer players, celebrated personalities, fat cat bankers and politicians who seem to avoid tax and have more money than they know what to do with.

Bert22306
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re: London Calling: Stressed Europe lashing out?
Bert22306   10/17/2012 7:41:03 PM
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But that's exactly my point. As much as you have to be careful when you design electronic circuits, for effects that might not be immediately intuitively obvious, the economic system is far more complicated. Facile promises made by politicians to get more votes, which typically means promising more and more benefits over time, for less and less work, are hardly enough to guarantee that this will happen. Instead, we get the stressed out economy we have reached now, for instance.

Bert22306
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re: London Calling: Stressed Europe lashing out?
Bert22306   10/17/2012 7:17:51 PM
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Ah yes, the Marxist nirvana. Too bad it doesn't work. Let's say machines made everything. Some members of scoiety would be adding value to the system, perhaps by designing better machines, perhaps by maintaining the machines, perhaps by providing entertainment for the rest. The economic system would still need to reward those that provide the added value that matters most to the rest of us. In part, these rewards encourage society to produce, to educate, inidviduals that will provide these services in the future. No matter how you slice it, society will continue to reward most those that do what few people can or will prepare themselves to do. And will reward less those who do what more other people can do just as well.

Bert22306
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re: London Calling: Stressed Europe lashing out?
Bert22306   10/17/2012 7:09:20 PM
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No, I'm saying the US health care system is MORE efficient, depending how you define efficiency. If you define efficiency as how quickly you can get a doctor's appointment, or an oppointment to have a hospital procedure performed, or access to the very best medical facilities just about anywhere in the world, then the US system is by far the most efficient. If you look at efficiency as a measure of what percentage of the population is covered by a medical plan, then that's a different matter. And yes, this is from someone who has lived in Europe, Africa, and the US.

BrandX
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re: London Calling: Stressed Europe lashing out?
BrandX   10/17/2012 6:46:36 AM
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Bert, Ever thought of what should - ideally - be the goal humanity as a whole should strive to achieve? We live in a blessed age where, finally, thanks to automation, we could all produce enough goods to live an excellent life working less and less. We could solve hunger and cure most epidemics. Instead, we now all compete worldwide towards the lower denominator, at the delight of a small group of plutocrats, masters of the world. Does it make sense? Or are we just stupid (and greedy)?

BrandX
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re: London Calling: Stressed Europe lashing out?
BrandX   10/17/2012 6:34:42 AM
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Bert, If you think the US healthcare system is anywhere close to efficient, you are delusional. Just saying from somebody who lived both in Europe and US... http://healthworkscollective.com/dikedrummond/39231/cost-healthcare-and-average-life-expectancy-world-averages-show-usa-massive-outli

Bert22306
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re: London Calling: Stressed Europe lashing out?
Bert22306   10/3/2012 7:19:05 PM
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I got that, but I'm merely pointing out that this doesn't necessarily result in a "better" health care system. All depends on how you define efficiency. There's a reason why people from all over the world come to the US for the most difficult medical treatments, after all. And why the waits for treatment in the US are very short, compared to just about anywhere else. Efficiency takes many guises.

Bert22306
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CEO
re: London Calling: Stressed Europe lashing out?
Bert22306   10/3/2012 7:15:16 PM
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True, you shift labor elsewhere. It becomes a variant of "foreign aid." However, displaced workers in the "donor" country have a legitimate beef against these practices, at least until the economy readjusts itself to the new reality.

jackOfManyTrades
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re: London Calling: Stressed Europe lashing out?
jackOfManyTrades   10/3/2012 6:59:46 AM
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If you move labour to a poorer country, you are not reducing employment, just moving it. And surely the benefit of mechanisation was sorted out in the 18th century!

Etmax
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re: London Calling: Stressed Europe lashing out?
Etmax   10/2/2012 3:51:53 PM
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This is the story the world over, the fat cats you describe are also moving labour to poorer countries and mechanising making it more difficult for the lesser educated to get jobs. The problem is that really they should be taxed for any measure that reduce employment that way the government can still balance the books and not have half the population out home, work and food. traditionally governments taxed the middle class but with that shrinking money has to come from somewhere but fat cats have too much influence in government so the funds dry up.

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