Hey man did you see that
His body hit the street with such beautiful thud
I wonder what that dude was sayin
Or was he just lost in the flood
His body hit the street with such beautiful thud
I wonder what that dude was sayin
Or was he just lost in the flood
The LAT has an important story on Greece, starting off well, then unfortunately blathering into the pure propaganda of our Ponzi finance and mega-corporate elite. The story states:
Many Greeks say this generation is the first in decades that faces fewer jobs at lower pay, leading to a declining standard of living and less upward mobility than their parents enjoyed.
Even before the crisis came to a head this spring, economists estimated that about a quarter of this generation of Greeks was unemployed.
"Parents dream of their children becoming doctors or lawyers, so they made a lot of sacrifices for education," said Paulina Lampsa, international secretary for the ruling Panhellenic Socialist Movement party. "Now they have a lot of degrees but no jobs."
It's a predicament that spans the continent, a quiet underside to the perception of stability and growth brought by the creation of the European Union. In Italy, unemployment among the young is comparable to that in Greece, and the figure in Spain tops 40%. Even Britain and Germany are logging significant struggles against a similar rising tide.
The story then talks of protests against the IMF and the new austerity measures, but becomes complete drivel halfway through, blaming all Greece's problems on....wait for it...the Commies -- ho ho ho -- sort of like the early '90s when the Reps were still blaming all US problems on Jimmy Carter. The piece then advocates how the economic dog food now being sold to the Greeks by their financial masters is good for them, and hopefully, it will get them off their lazy Mediterranean asses.
The piece has a call for entrepreneurship, which is OK, we certainly need it, but it reminded me of Thomas Friedman's inane piece in the NYT last week stating the same thing. Here's the problem with a generation of "entrepreneurs", the Western economy is more centralized than any point in history, and not by the Commies, but the corporate capitalists. In the US, when the six biggest banks and the Fortune 500 control the vast majority of the American economy, and the political process, thus codifying their control, there's not a lot of entrepreneurial room, unless you want to go to jail.
The second problem with this notion of Generation Entrepreneur is the Western economy is not, nor does it need to grow at the rates it did in the past, the simple fact is it's physically impossible. What a a new generation of entrepreneurs has to do is redistribute existing wealth, that is redesign our society not based on industrial growth, but on sustainable design. The easiest example of this is our energy system. In evolving from our current fossil fuel system, we're not talking about adding to, or growing, we need to replace, which means the existing fossil fuel companies such as BP, Total, and Edison lose. Also understand, this is not simply a move from fuels but from established energy, transportation, and community practices and infrastructures, all of which have completely entrenched control of the political process.
There's a final barrier to a Generation Entrepreneur, and by no means the least significant -- debt, thus the control of the economy by our parasitical financial class. Here's a chart that says it all(tx credit writedowns):
The piece has a call for entrepreneurship, which is OK, we certainly need it, but it reminded me of Thomas Friedman's inane piece in the NYT last week stating the same thing. Here's the problem with a generation of "entrepreneurs", the Western economy is more centralized than any point in history, and not by the Commies, but the corporate capitalists. In the US, when the six biggest banks and the Fortune 500 control the vast majority of the American economy, and the political process, thus codifying their control, there's not a lot of entrepreneurial room, unless you want to go to jail.
The second problem with this notion of Generation Entrepreneur is the Western economy is not, nor does it need to grow at the rates it did in the past, the simple fact is it's physically impossible. What a a new generation of entrepreneurs has to do is redistribute existing wealth, that is redesign our society not based on industrial growth, but on sustainable design. The easiest example of this is our energy system. In evolving from our current fossil fuel system, we're not talking about adding to, or growing, we need to replace, which means the existing fossil fuel companies such as BP, Total, and Edison lose. Also understand, this is not simply a move from fuels but from established energy, transportation, and community practices and infrastructures, all of which have completely entrenched control of the political process.
There's a final barrier to a Generation Entrepreneur, and by no means the least significant -- debt, thus the control of the economy by our parasitical financial class. Here's a chart that says it all(tx credit writedowns):
"Morning in America" began the burying of the American economy under a mountain of debt, giving Wall Street unfettered control of the American economy, which they bled profusely for their own profit. Also take note, especially you so-called Keynesians, in the three decades preceding our three decades debt binge, the American economy grew faster with less debt. Wall Street's financial innovations have been completely worthless for the real economy, though despicably profitable for them. We're not going to change our economy until we release it from its debt shackles.
We're not going to have a generation of entrepreneurs without a corresponding political economy reformation. A reformation that destroys Ponzi debt and takes power away from Wall Street, our mega-corporations, and DC. The thinking, technologies, and institutions that got us into this problem are of little use in getting us out. Instead of Generation Entrepreneur, we need Generation Citizen.
We're not going to have a generation of entrepreneurs without a corresponding political economy reformation. A reformation that destroys Ponzi debt and takes power away from Wall Street, our mega-corporations, and DC. The thinking, technologies, and institutions that got us into this problem are of little use in getting us out. Instead of Generation Entrepreneur, we need Generation Citizen.
0 comments:
Post a Comment