Britain Worst place to live in Europe.

Discussion in 'Economics' started by MohdSalleh, Oct 11, 2009.

  1. zdreg

    zdreg

    #101     Feb 28, 2010
  2. Can you please elaborate? I certainly see traces of that, every country is forced to look the same, to act the same. The soveireign debt crisis is an excuse to engineer all their governments with the same goal in mind.
     
    #102     Feb 28, 2010
  3. zdreg

    zdreg

    don't be bashful. please state in detail what the goal is.
     
    #103     Feb 28, 2010
  4. Ok, this is what I (might) see.

    1. Use the sovereign debt crisis to reduce the size and influence of government. This is important because in countries like Germany for example, the state owns a large share in many big companies. Each government will try to promote certain sectors of its economy. So basically you cut that, you make the government bare bones and put all assets in the hands of investors.

    2. Because all governments are homogenized, now you can finally bring international institutions and to grow their power. It's not possible to have international institutions that treat everyone differently (because of their different structure). Take a look at the WTO for example. The WTO can't possibly treat China and the US the same way because their economies are radically different. So the WTO is more of a political tool than a permanent institution.

    3. Once those international institutions are in place, it's practically like having a one world government. What they would do is serve the interests of financial power. Capital would flow freely across borders into the best assets, while issues like labour and environmental regulation would be the same everywhere.And plus, the larger a government becomes, the more isolated it becomes from the people. It's very likely it would serve multinational corporations and banks and nothing else.

    edit: I might add that what big multinationals and very rich investors want is predictability. Creating a one world government would accomplish that. For example, Indonesia during the Suharto regime killed many chinese businessmen and the army started controlling much of the economy. Institutional investors as well as old money don't like those kinds of risks. They don't like protectionism and other such nonsense. They don't want Chinese firms to unfairly beat them. They don't like their assets to be seized by gutsy nationalistic governments. Yet all the things I've just mentioned are done precisely to benefit the COUNTRY that does it.

    But international investors don't like it. They want to buy GE and forget about it. They want their wealth to last forever. They'd be happy with socialism since they're in control. The one world government (or international institutions) would accomplish that.
     
    #104     Feb 28, 2010