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BSR (Member Profile)

BSR (Member Profile)

Official Trailer | She-Hulk: Attorney at Law | Disney+

Greek/Euro Crisis Explained

radx says...

Let's ignore for the moment what led to this current mess within the Eurozone. You point out, correctly, that Greece is too poor to service its debt. And yes, for the German government to do whatever is required to get back their loans is to be expected. However, Greece was incapable of servicing its debt five years ago. Yet the subsequent programs, all supported or even demanded by the German government, reduced Greece's ability to pay back at least portions of its debt. At the end of the day, goods and services are what it's all about. And by dismantling the Greek economy, nevermind the Greek society, they actively undermined what they publicly claimed to be working for: a self-reliant Greek economy, capable of financing the needs of Greece. And capable of paying back what is owed.

The question inescapably poses itself: was it done intentionally or are they blinded by ideology?

One doesn't have to be as far left as I am to see that it didn't work, doesn't work, and never could have worked. Even the likes of Krugman and Stiglitz are perfectly clear about it.

Varoufakis, as you note, has been just as clear about this at least since late 2010, when he published the first draft of his Modest Proposal with Stuart Holland. There was a very good discussion about it in Austin in 10/2013 under the topic "Can the Eurozone be saved?" Participants included Varoufakis, Tsipras, Flassbeck, Holland and Galbraith, amongst others. I submitted a short clip back then.

His argument that Germany won't see a dime when Greece is shoved off a cliff, as correct as it is, never had any bite to begin with. The German government, and large parts of parliament, are operating in a parallel universe, economically. Over here, mercantilism is the road to success. Monetarism works. Surplus good, deficit bad. Saving good, spending bad. Everyone should have a current account surplus.

It's horseshit by the gallons, and it's the official economic policy of the largest economy in the EU.

And we're not even getting into the political aspects of it. Throwing a member of the EU into debt bondage, suspending its democracy to please the gods of the market... that's a travesty and a half. Yet it's also inevitable if they insist on going down the road of neoliberalism.

Worst of all, Greece is just the canary in the coal mine, as Varoufakis likes to point out. Greece had plenty of issues before they joined the EZ, but when they chose to adapt the same currency as a much larger economy hell bent on competitiveness, which is the favorite euphemism for Germany's beggar-thy-neighbour policies, they were doomed to be crushed. The rest of the PIIGS are next in line, unless this whole mess explodes beforehand. Maybe Rajoy's Franco-esque repression techniques fail, maybe le Pen wins in 2017, who knows. Maybe Schäuble finds the 100k of bribes that he conveniently forgot about back in the '90s and chokes on them.

Last but not least, 208 billion Euros – that's the projected current account surplus of Germany this year. That's 208 billion Euros of debt foreign economies have to accumulate, so that the German public and private sector can run a combined surplus of €208b. That's the elephant in the room. Systematic undercutting of the inflation target through suppression of unit labour costs and a dysfunctional focus on exports.

bcglorf said:

I think the very legitimate side for Germany is that if Greece wanted to borrow German money for those benefits that Germany would like to see that money someday paid back. More over, if Greece is now too poor to pay that money back and is asking for even more loans to scrape by, Germany isn't exactly an ogre in demanding some spending/taxation changes from Greece first so there is some hope at least the new loans will be paid back.

Greece's current finance minister doesn't even seem to deny much of this. Rather in accepting it, he points out that in spite of these debt obligations from the past, if Greece is forced to abide by them, the resulting collapse of Greece will similarly do nothing to help pay back the debts that are outstanding. Basically that Germany and other creditors are going to take the loss regardless, and maybe it's in everyone's best interests to find a road where Greece doesn't become a failed state.

eric3579 (Member Profile)

Sagemind says...

You know, I didn't really know what to expect last night. I'm so used to the Canucks loosin' it once they hit the play-offs!

But yes, it was a great game from the Canucks side last night. I thought we were doomed after durring the first period though. Lots of (players) tempers going on during the game to.

When it come's to promoting, I was thinking of going with something easy but I think I'll go with one that's a bit tougher to sift. It's a great video but it's long - which usualy means less people stick around to view it.

http://videosift.com/video/Mapping-the-History-of-Music

In reply to this comment by eric3579:
Congrats, victory is yours! Let me know what video you would like promoted.

The Neighbourhood Experiment

Lawdeedaw says...

But the point is moot. Take 9/11--in a way. Passangers, together, could have easily overwhelemed the attackers. But no one tried, from my knowlege... Only when the PA flight knew they were doomed--but that is besides the point. It is a me-first mentality when others are around. Kitty Grovese would still be alive if I had been around--why? Not because I am a hero. No, because I would have shot the bastard. Or, died trying. Either way, my wife would have demanded I ignore it--as though I could.

Sadly, I say a me-first mentality, because you can observe this behavior anywhere. School? No one raises a hand, until someone else does. If humans are good at one thing, its that we are great sheep...

>> ^GenjiKilpatrick:
Actually..
The Kitty Genovese story is a bit over blown as an example of the 'bystander effect'.
First, it was 3 am. Most people were asleep.
Secondly, there were only 6 witnesses. Not a group of thirty watching idly
Third, at least one of the neighbors called out "leave that girl alone" which frightened Kitty's attacker away for a short time.
Lastly, at least two [if not more] of the six witnesses called police/911. Once after the first attack and another after the second.
Not to mention, Kitty's murder, Winston Moseley, was captured thanks to neighbors whom disabled moseley's car and called police after they noticed him causally stealing a television from one of the nearby apartments.
Tho i get what you're saying.
It seems like people in cities are way less caring and considerate.
Lucky.. that's not really the case! =]
>> ^kceaton1:
This behavior is quite common in at least urban society and large suburban areas. Kitty Genovese is a prime example of this effect in society. Sadly, it seems to have changed little no matter where you live.


This is how the History Channel died

radx says...

>> ^Entropy001:
When in reality the Sherman tank was inferior to the German design.

Well, one could argue that it's more of a difference in the underlying philosophy than quality of engineering. German doctrin was based upon the use of what we now refer to as MBTs (Panzer I-V) while the Brits used infantry tanks (Mathilda, Valentine, Churchill, etc) and cruiser tanks (Cruiser, Crusader, Cromwell, etc), and the US troops deployed infantry tanks (Sherman) and TDs (M10, M18, M36). Once you split breakthrough and exploitation or infantry support and anti-tank warfare into separate vehicles, you're bound to end up with vastly different designs that might draw the short straw more often than not if not used properly.


If you include the lack of resources and manpower in particular, Wehrmacht tanks had to be superior individually, because they were doomed to be inferior numerically. Thus, the US could focus on easier and cheaper production. You don't need Zeiss optics and Krupp steel if you simply aim for number superiority. I'd say both design principles fulfilled their respective roles just fine, even though they could hardly have been more different. Simple, easy to maintain and reliable versus the latest in technology.

The Firefly was nice though, 17pdr was a beast.

Or maybe what I wrote is just a load of cockswallow and the German designs were, in fact, simply superior.

That said, this kitty was one hell of an engineering masterpiece. If they hadn't lost access to rare materials, even the transmission might have worked properly and those buggers wouldn't have broken down every 100km.

Still waiting to see the Panther at Koblenz again, last time was a blast.

Maddow: America's History of Oil Drilling and Spilling

SlipperyPete says...

Over the past 40 years a lobby led by a guy named Nader successfully pushed and pushed manufacturers to make their vehicles (and countless other consumer products) safer. Which has been effective, from seat belts to removing hazourdous chemicals from things we use every day.

If only there were the same sort of force to push those who harm the environment to similar standard of betterment.

The onus should be on industry to demonstrate that their actions are low-risk - which, while rare, are clearly not without disastrous consequences.

>> ^quantumushroom:

If the media showed nothing but car crashes you'd think every time someone got in a car they were doomed.

Maddow: America's History of Oil Drilling and Spilling

quantumushroom says...

These spills are never put in proper perspective to the trillions of gallons of oil shipped safely. If the media showed nothing but car crashes you'd think every time someone got in a car they were doomed. Life is not for sissies. Mistakes are bound to happen.

Baby Chicks dumped alive into a grinder (and other horrors)

flechette says...

It's not snuff, they aren't human. Sorry, they're food. They were doomed before they were hatched. No, I don't think treating them like this is acceptable, but I hold no illusions about the ordeal.

Hillary Clinton: "Rich people, God bless us"

10128 says...

McCain's a flip-flopping neo-con schmuck, but Obama and Clinton are barely any better. They all want to take your money one way or another, either taxation or inflation. They all get lobbied to pass special privilege legislation. Fuck, NAFTA was a Clinton bill. And SS and Medicare were doomed to fail from the very beginning, it is a complete con. If you were allowed to keep that 12% per paycheck tax, you'd be able to invest it YOURSELF for YOUR OWN RETIREMENT. Holy shit, what a novel idea: a system that can't fail with generational bubbles, can't be raided by government, can't result in fraudulent claims, doesn't need higher taxes to FUND the paychecks of useless jobs needed to run the damn thing, can't be stolen by manipulating CPI calculations to understate inflation (another Clinton-era miracle), can't be moved further to your death by raising the retirement age... I mean, honestly, get off the big government bandwagon.

And ideally, there should be no federal income tax for ANYONE. Enough with this rich vs poor antagonism, it's a total diversion. Who the hell do you think pays your salary, created the job you're in? A rich person. And guess what, most of them compete with one another for your skilled labor, which is why your wage doesn't drop to 10 cents an hour overnight. And not all them gained unfairly. It's morally retarded, there's no way to determine who gained fairly or unfairly, so just tax em all above a certain bracket? They are responsible for creating pretty much all of our jobs. You tax the shit out of them, more small businesses go plunk, more jobs get cut, and the biggest move it offshore and say "fuck it, where's the incentive?" and avoid it completely. That's exactly what happened when the capital gains tax was raised last time, total revenue went DOWN because you socialist idealists don't understand how easy it is for rich people to avoid tax, so only the poor people end up paying.

Easter Island - Explained by Attenborough

choggie says...

maybe they were suicidal imbeciles, who did the math, and decided the were doomed and decided to make big-headed monoliths so as to not fade away...

or perhaps they had plans for departure, that no one knows about....

there are, no doubt, some descendants of the thrifty few, who said, bollocks to block-scraping slave labour and lumberjacking, and got out, while the gettin' was God!

Sooooo, saving the rain forests is great, unless you want to be the last man standing on an asphalt husk.....

Half-Life 2: Portal

westy says...

No way drnitrim i missed the whole quake thing. i wish i had played them i did the shair were doom stuff when that came out but i went to driving games and missed q1-q2 and then i got into ut.

it would be cool if sumone made a histry of games vidoi with the most invitove titles of every ganra for past 20 years 20 seconds on each clip

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Beggar's Canyon