It's very heartbreaking to think about, but I've been to their part of the world, and the cruel fact is that they're doing it to themselves via corruption. There is room for hope here: the USA used to be as benightedly corrupt as they are, but they fixed it by bringing in a professional public service rather than political appointees. If north America was able to eventually beat the corruption problem, then Africa and south America eventually will.
But yes, they will continue to suffer while they govern themselves in this way.
When you see the words "Mises" or "Hayek" in someone's post, just ask yourself: do I really want to ban paper money and go back to gold?
You have to pity the kind of people who buy into conspiracy theories. I find the following to be the saddest words on the internet: "Re: connection between Bilderberg puppet lady gaga and viral outbreak in ukraine "
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We will ALL continue to suffer while we allow the few to make decisions on behalf of the many. It is everybody's fault.
We have a professional public service and it still gets lambasted constantly. The public service is not the problem - the hierarchical structure of all our societies which allows and even invites corruption is the problem.
And I think you're confused - most (all in my opinion) do not govern themselves. They are allowed to pick between representatives (who have been chosen on their behalf) and those reps have pretty much no accountability until the next election. That's the best case scenario - worst case is an installed puppet government.
You call that democracy?!
Imagine Brian Lenihan persuaded all 350,000 public sector workers to take a 100% pay cut. Out of love for their country and loyalty to Fianna Fail, they would work for free in future and beg for food in their spare time.
We would make annual savings of 20 billion euro!
And guess what? We would still need to borrow another 7 billion to pay our other bills.
WE ARE SCREWED
Did you see the government's 5 year plan in the budget?
Projected deficits:
2009: € 27 billion
2010: € 20 billion
2011: € 18 billion
2012: € 13 billion
2013: € 9 billion
This doesn't include NAMA
Who in the name of Jesus will lend us 87 billion euro with this kind of plan?
If you knew a guy who earned 33K and spent 60K would you agree to lend him the difference? What if he told you he already had debts of 55K and was planning to borrow another 87K, nearly all of it for day to day expenditure?
And to the poster who thinks we should be raising taxes to squeeze more revenue from our high GDP - the GDP is only high because the taxes are low. If we raise taxes, the multinationals will stop paying us to launder their profits. This was repeated ad nauseam when I worked in finance for a US tech company. It was all about the CT rate - the 'young educated workforce' was just spin as there were plenty more english speaking graduates in a certain nearby country.
It sounds like a great idea Sarah and we could sit around all day agreeing with each other that its the only correct course of action and anything less is simply a betrayal of ordinary workers but then that would be us talking garbage.
The simple fact is that if you do that you will collapse the economy. There is a difference between wanting to be in power and preparing to be in power.
When you want to be in power then you can talk about seizing money unilaterally.
When you prepare to be in power you realise okay this needs to be planned and thought through and you then act in a way that redistributes the wealth in a sustainable fashion.
Furthermore what do you mean about hierarchical society. An Irish voter wont listen to someone talking about hierarchical society and how we all are to blame. They wont listen because that talk is applicable in two places only -
(1) when talking to those who agree with you,
(2) Writing your Political Science thesis.
otherwise its just failing ordinary people by going out with trendy buzz words.
Why are you so intent on criticising the idea of an egalitarian society? Obviously a hierarchical society is one with a hierarchy...with some people having more control and power than others.
And I can't see how taking money off rich people would collapse the economy - in actual fact what it would do is increase aggregate demand in a market economy as the lower echelons of society would have more to spend. If its done in the context of a planned economy, then it won't matter.
Yes - which is why we should do so.
We have low CT because if we don't then the MNCs will pull out. Many have pulled out already anyways.
They have the power but they're not even giving us anything.
At least if we took control of our own destiny, raised CT, used the proceeds (there WILL be proceeds - all the companies won't pull out at once even if thats the eventual result) and use the proceeds to set up the industries and services NECESSARY for the country.
Then we will both have the control AND the resources.
Why can't you people take the long term view???