Unlike the US and its bright and its vibrant economy eh? Or Japan.

And what is the major capitalist success story of the last ten years? China. Not much government control and intervention there.

The global financial crisis saw the state bounce back as a player - mainly to prop up companies too important to fail. The Schumpeterian clean out hasn't occurred and the basis for a greater crisis of profitability lies ahead.

The GFC shook neoliberalism to its core. Now we have some variant - Keynesian neoliberalism.

The problem is the tendency of rate of profit to fall. That process is inbuilt into capital accumulation under capitalism.

And politically, as European governments dismantle the welfare state - the grand compromise between capital and labour after the second world war - their people's respond angrily.

Now this anger may be fleeting and misdirected but eventually the working class of one of the countries involved might really challenge the dictatorship of capital with an indefinite general strike and the politicisation and radicalisation of the previously compliant workforce.

That is the fear the bourgeoisie should have as it rolls back the welfare state.

So what!
As with with all neo-liberal propaganda hacks Oliver is incapable of seeing the Big Picture altogether.

The Center for "Independent" Studies is of course one of many right-wing STINK tanks financed by big corporations.

I much prefer the work of David Korten at:

http://www.davidkorten.org

The Captive State by George Monbiot

And the marvelous essays available at this site:

http://valenzuelasveritas.blogspot.com

Europe is dying for two reasons, first too much un-productive government activity.

THe other is that it is dying, literally. With every two adults peoducing only 1.3 children, there are fewer and fewer Europeans and a dying economy.

Worse than that is that if you look at which Europeans are having the kids of tommorrow, they are the welfare-dependant classes. The less intelligent and the immigrant/muslim people.

For many years now French maternity hospitals have delivered more babies to Muslim-French parents than "French"-French parents. French people are destined to be a minority group in their own country.

The welfare state pays poor people to produce babies, and they respond by producing them in large numbers.

Meanwhile the smart have to pay for their own kids, along with their taxes for the poor.

Handing out bags of money to people who have kids results in the stupid having many kids. The 5000 baby bonus in Australia is alot of money to a drug-addict, but not much to a professional couple with a big mortgage.

Children should reduce your tax. Let families income-split for tax, so that a two parent family pays less tax than a one-parent family, and a family with 5 kids pays less tax than one with no kids.

Good for the economy, good for kids, good for the future.

Oh, and have a look at Harry Dent. He has looked at the demographics. Looked at the fertility rates and aging populations.

http://en.wikipedia.org/wiki/Harry_Dent

Fertility and demographics explains the collapse of the Japanese economy in the 1990's and the GFC and the current decline of the western powers.

Too many children, or too few, lead to ruin.

But if you REALLY read the "news" you will find that the entire world is dying under the onslaught of the paradigm promoted by right-wing stink tanks.

*And what is the major capitalist success story of the last ten years? China.*

Not really Passy. What would your prefer. The average Chinese wage
or the average American wage? Yes indeed, some of the third world
countries are catching up a bit, there is nothing wrong with that.

The author is of course correct. The EU is bogged down in
beurocratic red tape, with the civil servants of Brussels getting
extremely fat at the trough.

I should not complain, I did extremely well by taking advantage of
their generous expense accounts, but the bloke who bought my
business tells me that to comply with the new EU paperwork,
the manual was 1000 pages long!

Civil servants with their snouts in the trough, it will ruin the
EU. Luckily the Swiss were smart enough to defy their politicians
and refuse to join that circus.

The issue is almost ridculously simple.

If you borrow more than you can afford, you will eventually become bankrupt.

How is it possible to defend the Greek unionists who expect Germans and other EU citizens to pay for their profligacy.

The "workers" of the world would do well to take a good look at the once thriving countries, communism/socalism has turned into dictatorial basket cases

[Spam]

The issue is almost ridculously simple.

If you borrow more than you can afford, you will eventually become bankrupt.

How is it possible to defend the Greek unionists who expect Germans and other EU citizens to pay for their profligacy.

The "workers" of the world would do well to take a good look at the once thriving countries, communism/socalism has turned into dictatorial basket cases
Posted by PaulL, Tuesday, 21 December 2010 7:19:00 PM

Paul..........capitalism is your talking. ( Paul cap was and will be remembered as the building blocks ) The question is....most who are afraid of change.........are the old school.

What if all thoughts were mixed......politically speaking.......does the 21 seem much closer?

Or divided we shall always be.

BLUE