January 5, 2015

Because socialism works in Europe, right?

Europe has a history of failed socialism (stretching back decades) and successful capitalism (stretching back centuries). So when Germans want to be like the French, is all finally lost?
All across Europe, political parties are under strain. After years of high unemployment and flatlining economies, voters have had enough of austerity and budget cuts. They don't want any more rhetoric about tightening belts - they want promises of milk and honey. Just one problem: There is no money left.

Europe is experiencing is a classic middle-class squeeze - a typical fixture of American politics that has crossed the pond to pester European politicians. Leaders across the Continent are left facing this dilemma: How to strengthen the middle class in an adverse environment where money is tight, debts are high, and budget deficits loom large?

It gets worse.

Recently, another European think tank released yet another graph projecting the aging of populations in the coming 20 years. The findings revealed deep trouble for a country thought to be at a peak of economic power: Germany. And even as its population starts to shrink and age, resulting in a smaller labor work force and dwindling fiscal contributions to social programs, the demands of Germany's middle class are increasing.
Peugeot and Camembert cheese or Mercedes, BMW, and Volkswagen? Which has been a more successful economy?  

And now there's word Greece wants to leave the E.U. Let them go (see Let California fail for the reasoning).  Seriously GErmany, let them go.  Before you turn into France.  And make them pick up their own over-the-top-social-programs-debt themselves.

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