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Europe’s youth generation – crushed by the euro austerity folly
from Lars Syll
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Edward Fullbrook and Jamie Morgan
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Edward Fullbrook and Jamie Morgan
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Real-World Economics Review Blog 
You all take the high road and Germany will take the low road and……then….
Nothing makes revolution like idle hands, they are the devils workshop as a good old American musical testified.
“yes, we’ve got trouble right here in River City, with a captial T, that rhymes with P and stands for ..playstations? “
The “idle hands are the devil’s workshop” reference is quite apt. But additionally one needs to remember that work for pay is not the ONLY way to be active, positive and constructive, and that in an advanced technological profit making economy the RATIONAL NEED for work for pay will be diminishing at an increasingly rapid rate. The answer to this seeming conundrum? Why the citizen’s dividend and a general retail discount to consumers of course. And maybe the awareness of the need for an increased emphasis on a new positive, modern acculturation process particularly for youth, but in fact for all.
We might also re-consider the the rationality of allowing the monopoly/triopoly that our Private Banks, Central Banks and their captured governments have on credit to continue. This triopoly forces us to “re-invent the wheel” of technological progress even though its effects and its value are cumulative and continue through time. Do the Banks OWN progress, or does it belong in fact to everyone….including the Banks? The fact is that the financial “industry” is actually largely dependent upon this technological innovation and progress for its ability to grow and profit. For instance there is no plan to create a domestic automotive industry or even export such to Papua New Guinea, and there will be no such thing UNTIL (god forbid) SUCH TIME AS TECHNOLOGICAL INNOVATION OCCURS THERE. And then if we don’t re-examine the justice of allowing finance to monopolize the value of such progress…..we will continue to dis-inherit ourselves of such monetizable value. The technological innovation Dividend. Maybe it can make up for/take the place of the Peace dividend we never actually got. :)
BFWR: This is highly original and insightful (as well as concisely conceived) thought and reasoning. It is the high end of reality empiricism that captures the moment at full spectrum analysis and in full measure synthesis. I hope this becomes a global trend!!!
Welcome to Milton Friedman & Co.’s Inc. for privatization and monetarization of the grid under supply-side finance. The Banksters do not own progress, they liquidate it into their own flow state of bounded prosperity. The new infrastructure is sprawl and its lucrative exchanges into monetary production for the greater consolidation of a stealth / wealth caste. The construction of sprawl, perhaps matched with the industry of armaments and war, are the two “progress” trajectories for sustaining wealthy inter-generational demographics against increasingly scarce (valuable) resources and population pressure over human rights and equity distribution (let alone wealth “re-distribution” as a political ideology and strategic Mexican stand-off).
I think the key word you utilized is justice…but what justice and at what “price” is the question these days!
Well thank you. I wish I could actually take credit for either the monetary thinking which actually originated over 90 years ago, or the condensations of wisdom which correctly understood are the appropriate basis for both individual development and human systemic policies which have been codified for millenia in the world’s major wisdom traditions. I try to condense and synthesize. Maybe I’ll take some credit for that and the occasional “turn of phrase.” :) Some of that condensation and synthesis can be found here:
And I agree that corporatism of all stripes, most especially in the financial and armaments areas, is a grave danger. Actually the will to power of the economic, financial and political entities of the world is ascendant while they pretend to be advocating the freedom of the individual. The will to freedom is the primary intention that must actually be “thunk” and vociferously expressed if we are to avoid a very dystopic future. Then if we craft our monetary policies (and the policies of all of our systems for that matter) on the Wisdom mentioned above…..we may live up to our actual human designation, homo sapiens, wisdom discerning man.