Worse living & working conditions and cuts in wages way to promote growth

Politicians in Europe who want cuts in wages and working conditions

It looks like we in Europe could be facing even more detriment to working conditions, living conditions and wages for the purpose of economic growth.

Westerwelle and his colleague, finance minister Wolfgang Schäuble, are two of the most dangerous characters in European politics, along with our own chancellor, George Osborne, for their adherence to the bankrupt idea that Europe cannot compete globally without cuts in real wages, benefits and working conditions.

While there are outmoded practices and crazy spending policies in different countries, attacking the living standards of ordinary workers is not going to produce the confidence we need for growth.

Privately, or in small gatherings, they admit to flaws in their design for global capitalism based on an absence of regulation, but deny it provided the unstable foundations to the boom years. Using Margaret Thatcher's technique of constant repetition in parliament, in the media and to their constituents, monetarists maintain it was the profligacy of social democratic-style governments that was really to blame.

There is no need to repeat the facts and figures that show this is a ridiculous argument. Suffice it to say that virtually all the government's extra borrowing in the past four years replaces missing taxes from property, personal incomes and corporate profits while at the same time paying more in benefits (and that is without including the billions of pounds lost in bank bailouts).

This doesn't paint a very nice picture for the coming years in Europe. But then again it didn't really smell like sunshine and daisies anyway. Expect a lot more protests against capitalist, elitist agenda. There is also the potential for some real political change with the development of and hunger for more political diversity and change.

But as always we will have to see.
Guardian

There is no true need for austerity measures.

Rather, the wealth and power of those who destroy this world on a daily basis should be brought back to the people.

No wonder "they" are continuing to enjoy the fruits of OUR labor at OUR expense!

Originally posted by The Sword
There is no true need for austerity measures.

Rather, the wealth and power of those who destroy this world on a daily basis should be brought back to the people.

No wonder "they" are continuing to enjoy the fruits of OUR labor at OUR expense!

The rich get richer and the poor get poorer.
Ugh, cliche.

Although its a cliche for a reason.

reply to post by TechUnique


It does not have to be this way.

What we all need, whether in Europe, the US or any other nation, is a catalyst of starts. We need a spark to ignite the flame.

reply to post by The Sword


New politics..
Fat chance.

This is the same in the US. Corporations make money on their margIns. This include not paying employees their worth.