(9 am. – promoted by ek hornbeck)
There are many, many valid grievances, but some issues really stand out:
The world’s five biggest AAA-rated states are all at risk of soaring debt costs and will have to implement austerity plans that threaten “social cohesion”, according to a report on sovereign debt by Moody’s. The US rating agency said the US, the UK, Germany, France, and Spain are walking a tightrope as they try to bring public finances under control without nipping recovery in the bud. It warned of “substantial execution risk” in withdrawal of stimulus.
That would be the tight-rope without a net. Tanking economies and “social cohesion” swamp all else.
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of money, all bets are off.
cohesion, but it’s trapped in private control of extremely wealthy individuals and funds. The fears of “levelling” that many Founders had will just have to be overcome.
This world doesn’t belong to a few. The Gentlemen’s Club is way out of style. Politics in the exclusive Pub is over.
The idea of Trickle Down is absurd. It presumes a money hierarchy that can only exist with specious assumptions about the definition of wealth and the role of the entrepeneur, that the “State” as a whole reflects a condition of well being and not the individuals comprising the state. It’s still very 19th Century, where moral idealism has no place in economics. How ludicrous.
It’s like the owners of river water rights upstream can always take what they need without regard to their neighbors downstream. And you’re a socialist if you’re thirsty.