Comment Re:Austerity fails again (Score 1) 1307
Read the paper. Read the other links. It's in there.
Acknowledged that Greece has limited options, but austerity is likely to contract their economy to the point that debt service exceeds their GDP.
Read the paper. Read the other links. It's in there.
Acknowledged that Greece has limited options, but austerity is likely to contract their economy to the point that debt service exceeds their GDP.
You'll need to do some googling, I can't teach a full econ class here. But the TL;DR version is that every country that tried austerity has recovered more slowly than every country that didn't. That and the entire justification for austerity was in that one spreadsheet that turned out to have a glaring error.
But few have been demonstrated to be an artifact of a spreadsheet error like austerity and then shown to be a failure in practice as well as in theory.
If you are a contractor and have a bad month, selling off the tools of your trade isn't a good way to recover.
Your balance sheet is very incomplete. Before the Marshall plan, there was another one, strictly aimed at Germany to destroy it for good. Its application *after* WW2 ended (i.e. during Peace Time) was spiteful and criminal. Only after the grim results of its application were becoming visible,did the Americans implement the Marshall plan (an umbrella of Europe reconstruction aid and just marginally aimed at Germany).
Oh, and I think that you're confusing millions and billions...
"If you locked 1,000 code monkeys in a room with Teletypes, could they pump out some Shakespeare?"
So, what you're saying is, I play guitar because all humans have an instinctual impulse to play guitar?
Because that doesn't really make sense.
Which kind of blows a gigantic hole in the "when robots do all the work we'll all just be artists" theory.
So you consider the actual paper that destroyed the argument for austerity and showed the spreadsheet error to be a poor reference?
It doesn't help that Greece was forced into an austerity plan in their last bailout. Essentially that kicked off a death spiral. Austerity has already been well discredited (see here, here, and here. Original paper here) yet it keeps being foisted off on citizens everywhere.
I'm not suggesting that Greece should spend money like a drunken sailor on leave, but following a faith based economic theory even after it has been disproven (even to the satisfaction of the writers of the original paper) is not the answer.
Idiots. The whole corrupt and incompetent lot of greek politicians. They frauded their way into the Eurozone and have been dragging their heels ever since. This whole Syriza stunt was the very last straw. They were the worst. They could've gotten real reforms on the way - they had the mandate by the people. Instead they kept fucking and bullshitting around, squandering the very last bit of good will with every gouvernment in the Eurozone. Even Italy is pissed - which actually is quite amazing in itself, because they're are almost right up there with Greece when it comes to mal-administration.
They could've gotten away easy - now they'll be left to their own devices.
At least it's a clear "No" by the people. Better a clear NO that a whishy-washy YES. Tsipras can use this to get some real internal reforms on the way.
Well, at least we can finally make a clear cut. No more money for free for all. No more bizarely overpaid early pensioneers and nepotism. The Eurozone should finally cut their losses, have Greece move back to the Drachma and prepare for humanitarian help, like food supplies and such - at least that money won't be wasted.
Lets finally put the ECB goodies and candy to work for nations who are actually pulling their weight and can use a little help aswell, like some baltic nations.
My 2 eurocents.
Find the jackass playing the cello on the beach and arrest him.
Oh? And claiming that the UK will make encryption illegal or decryptable by GCHQ isn't a threat to the internet for UK citizens?
Believe me, Cameron is quite willing to shove his foot in his mouth up to the knee...
Oh, good! They were almost out of toilet paper.
Many employers have inventing a reason down to a science. That's why there are so many rules in the workplace. It makes it easy to find an infraction for nearly anyone they want to get rid of.
Actually, it is. You get a choice, lose your free expression, or risk legal action by formally denying the DMCA claim in the hope of getting your own work back in the public view.
BTW, the DMCA also applies to paid hosting, and self hosting.
"Look! There! Evil!.. pure and simple, total evil from the Eighth Dimension!" -- Buckaroo Banzai