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Too, too big,,, punishing the productive
Too much centralization must fail. Repost; https://www.youtube.com/watch?v=IpXVoSZyHXM&t=30s
"The crisis currently playing out on the world stage is a crisis of growth. Not, as we are regularly told, a crisis caused by too little growth, but by too much of it. Banks grew so big that their collapse would have brought down the entire global economy. To prevent this, they were bailed out with huge tranches of public money, which in turn is precipitating social crises on the streets of Western nations. The European Union has grown so big, and so unaccountable, that it threatens to collapse in on itself. Corporations have grown so big that they are overwhelming democracies and building a global plutocracy to serve their own interests. "
"In fact, Kohr’s message is a direct challenge to them. “Wherever something is wrong,” he insisted, “something is too big.”
"Published in 1957, The Breakdown of Nations laid out what at the time was a radical case: that small states, small nations and small economies are more peaceful, more prosperous and more creative than great powers or superstates."
"Kohr’s claim was that society’s problems were not caused by particular forms of social or economic organization, but by their size. Socialism, capitalism, democracy, monarchy—all could work well on what he called “the human scale”: a scale at which people could play a part in the systems that governed their lives. But once scaled up to the level of modern states, all systems became oppressors. "
"We have now reached the point that Kohr warned about over half a century ago: the point where “instead of growth serving life, life must now serve growth, perverting the very purpose of existence.”
We Got Too Big For the World | Literary Hub
"All major political parties in Western Europe, regardless of their different names and party programs, are nowadays committed to the same fundamental idea of democratic socialism. They use democratic elections to legitimize the taxing of productive people for the benefit of unproductive people. They tax people, who have earned their income and accumulated their wealth by producing goods or services purchased voluntarily by consumers and they then re-distribute the confiscated loot to themselves"
"They do not call this policy by its right name: punishing the productive and rewarding the unproductive, of course. That doesn’t sound particularly attractive"
"The EU and the ECB are a moral and economic monstrosity, in violation of natural law and the laws of economics. You cannot continuously punish productivity and success and reward idleness and failure without bringing about the disaster." Good article;
https://mises.org/blog/put-your-hope...centralization
"taxing of productive people for the benefit of unproductive people". If the productive people don't have the money, just print a bunch more. If nobody pays back their loans,,, just print a bunch more.
"there remains nearly €1 trillion in bad loans within the European banking system. This represents 6.7% of the EU economy, according to a report and action plan considered by EU finance ministers earlier this month. That compares with non-performing loans (NPL) ratios in the US and Japan of 1.7 per cent and 1.6 per cent of gross domestic product, respectively."
Europe's Banking Dysfunction Worsens | Zero Hedge
European socialism will crash before American socialism.
Too much centralization must fail. Repost; https://www.youtube.com/watch?v=IpXVoSZyHXM&t=30s
"The crisis currently playing out on the world stage is a crisis of growth. Not, as we are regularly told, a crisis caused by too little growth, but by too much of it. Banks grew so big that their collapse would have brought down the entire global economy. To prevent this, they were bailed out with huge tranches of public money, which in turn is precipitating social crises on the streets of Western nations. The European Union has grown so big, and so unaccountable, that it threatens to collapse in on itself. Corporations have grown so big that they are overwhelming democracies and building a global plutocracy to serve their own interests. "
"In fact, Kohr’s message is a direct challenge to them. “Wherever something is wrong,” he insisted, “something is too big.”
"Published in 1957, The Breakdown of Nations laid out what at the time was a radical case: that small states, small nations and small economies are more peaceful, more prosperous and more creative than great powers or superstates."
"Kohr’s claim was that society’s problems were not caused by particular forms of social or economic organization, but by their size. Socialism, capitalism, democracy, monarchy—all could work well on what he called “the human scale”: a scale at which people could play a part in the systems that governed their lives. But once scaled up to the level of modern states, all systems became oppressors. "
"We have now reached the point that Kohr warned about over half a century ago: the point where “instead of growth serving life, life must now serve growth, perverting the very purpose of existence.”
We Got Too Big For the World | Literary Hub
"All major political parties in Western Europe, regardless of their different names and party programs, are nowadays committed to the same fundamental idea of democratic socialism. They use democratic elections to legitimize the taxing of productive people for the benefit of unproductive people. They tax people, who have earned their income and accumulated their wealth by producing goods or services purchased voluntarily by consumers and they then re-distribute the confiscated loot to themselves"
"They do not call this policy by its right name: punishing the productive and rewarding the unproductive, of course. That doesn’t sound particularly attractive"
"The EU and the ECB are a moral and economic monstrosity, in violation of natural law and the laws of economics. You cannot continuously punish productivity and success and reward idleness and failure without bringing about the disaster." Good article;
https://mises.org/blog/put-your-hope...centralization
"taxing of productive people for the benefit of unproductive people". If the productive people don't have the money, just print a bunch more.
If nobody pays back their loans,,, just print a bunch more."there remains nearly €1 trillion in bad loans within the European banking system. This represents 6.7% of the EU economy, according to a report and action plan considered by EU finance ministers earlier this month. That compares with non-performing loans (NPL) ratios in the US and Japan of 1.7 per cent and 1.6 per cent of gross domestic product, respectively."
Europe's Banking Dysfunction Worsens | Zero Hedge
European socialism will crash before American socialism.
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