tag:blogger.com,1999:blog-386077914312449748.post2947400411825775442..comments2024-03-16T11:54:44.590+01:00Comments on Defence and Freedom: The automobile companies bailout and the long-ignored economic realityUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-386077914312449748.post-38754708466939825472008-12-21T14:52:00.000+01:002008-12-21T14:52:00.000+01:00public debt = realitypublic long-term obligations ...public debt = reality<BR/><BR/>public long-term obligations (pensions and other) = reality<BR/><BR/>"bad economy structures"<BR/>example USA:<BR/>GDP - composition by sector:<BR/>industry: 19.8% (2007 est.) <BR/>data from CIA World Factbook<BR/>coupled with<BR/>a monthly trade balance deficit of around $ 50-60 billion.<BR/>That's a bad economic structure, an insufficient industry to earn enough to sustain the national consumption.<BR/>UK is similar.<BR/>Other example: Germany<BR/>Exports have a volume of 40% of GNP and the account balance is strongly positive. This is extremely risky and unsustainable (and even kind of unlawful here). The trade surplus is the other side of the coin of others' trade balance deficits - and therefore systematically linked to economic problems elsewhere.<BR/><BR/>"unsustainable trade balances" = <BR/>reality, already mentioned here and in previous blog posts. "unsustainable" is points at the relevance of the problem, every non-balanced trade balance is theoretically unsustainable. That becomes a practical problem when the deficit or surplus is large and monotonous.<BR/><BR/>"inefficient political processes"<BR/>That's obviously a political opinion, but it seems to me as if the permanent substandard political culture of Italy and Greece as well as political lags in addressing problems and many other problems are a good foundation for such an assertion.<BR/><BR/>"unsustainable non-renewable resource consumption" = reality<BR/><BR/>"neglect of lower class youths" = reality. All studies for all nations show that lower class youths have very inferior chances in our societies.<BR/><BR/>"excessive consumption and service expectations of citizens"<BR/>That's a political opinion, but it's well-founded on the amount of lobbying, discussions about pensions, the frequent expectation of additional government services and the living-beyond-one's-means as indicated by private debt.<BR/><BR/>- - - - - - - - - - - - - -<BR/><BR/>See - it's cheap and easy to comment a blog and simply say "wrong" or to attack the author.<BR/>Readers won't get much respect for such behavior unless it's coupled with actual arguments.<BR/><BR/>Personal attacks and unspecified negation - that are pretty much cheap universal reactions of 'some' people whenever something doesn't please them (and when the boss isn't nearby - I've never seen any of them demonstrate courage - right, Mr. Anonymous?). Almost nobody takes such behavior seriously.<BR/>Some (usually right-wing) parties exploit such behavior and run campaigns based on despising others and fear.<BR/>Count that as another inefficient political process example.S Ohttps://www.blogger.com/profile/03359796414832859686noreply@blogger.comtag:blogger.com,1999:blog-386077914312449748.post-90314317616323887612008-12-21T06:23:00.000+01:002008-12-21T06:23:00.000+01:00As I see it, you aren't just the messenger, you ar...As I see it, you aren't just the messenger, you are the author, those are your ideas. <BR/>And your theories fail, because your "economic reality" isn't. Reality.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-386077914312449748.post-42881663914240707512008-12-21T02:09:00.000+01:002008-12-21T02:09:00.000+01:00The unions are not responsible if you count the Bi...The unions are not responsible if you count the Big Three being so foolish as to meet their demands. No matter to me if they are or aren't at fault, as long as I don't have to support the management or workers of these dinos. <BR/><BR/>Having had a chance to work with GM and the ungrateful, lazy and ignorant bastards who make up the UAW I can tell you that it's not my fault if they were promised unicorns and magic carpets upon retirement. They've already got a lot more then they ever had coming and GM in particular needs to go away like buggy whip manufacturers.. and take the UAW with it.ENhttps://www.blogger.com/profile/12193563623321560413noreply@blogger.comtag:blogger.com,1999:blog-386077914312449748.post-83724589403768754302008-12-21T01:30:00.000+01:002008-12-21T01:30:00.000+01:00Such a 'despise all experts' attempt might be an i...Such a 'despise all experts' attempt might be an interesting attempt of attacking the credibility of the messenger, but fails entirely because I don't work as economic scientist.<BR/><BR/>An attack on the credibility of a messenger is no respectable method of critique or or discussion anyway.<BR/><BR/>You should at least attempt to face the content - or else you just waste your time with pointless personal attacks.<BR/><BR/>By the way; I will delete all anonymous comments that have the same tone in the future.S Ohttps://www.blogger.com/profile/03359796414832859686noreply@blogger.comtag:blogger.com,1999:blog-386077914312449748.post-84405853939234263442008-12-21T01:12:00.000+01:002008-12-21T01:12:00.000+01:00The Diplom-Ökonom is a joke, correct?Or maybe not,...The Diplom-Ökonom is a joke, correct?<BR/><BR/>Or maybe not, life in the ivory towers of academia might explain a lot about your reasoning.<BR/><BR/>You will find it doesn't often apply to the real world, outside of your nice sanitary economic modules.Anonymousnoreply@blogger.com