Archive for austerity

STOP CONSUMING. Yeah ok, but ….

Posted in Behaviour, Crisis, Economy, Government, Macro-economy, politics, self-managed, Society with tags , , on 27/04/2013 by Living out of Eden

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Why austerity cannot be our proposal to “fix” the system?

If we are to take “austerity” into consideration, as a voluntary way of controlling the major corporations’ profits by reducing our spending, we must be aware of a couple of things:

1.- They must have already foreseen a decrease of their sales due to an economic contraction cycle, so they’ve prepared back-up tactics, like spreading their investment mostly in basic goods, or pharma, or increasing the price of utilities, all of which, which have an inelastic demand.

2.- Austerity is exactly the solution “THEY” are applying too.
Sounds a bit strange… doesn’t it?

3.- Extreme austerity, will lead to self-constrain in a way, instead of self-liberation (please don’t get me wrong, I am not saying that self-liberation is obtained by consumerism, but you should be FREE to decide what you do with your low-medium-high income).

4.- By reducing the volume of the market, we will deepen the recession process, by further feeding the vicious circle.

5.- Eventually, they will last longer than you.

So, I don’t see the strategy “squeeze the market”, might be an option.

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Stay tuned. We’ll know shortly…

Posted in Crisis, current events, Democracy, Economy, Financial crisis, News, politics, Power, Society with tags , , , , , , , , , on 08/06/2012 by Living out of Eden

” …

Outside Germany, a consensus has developed on what Mrs Merkel must do to preserve the single currency. It includes shifting from austerity to a far greater focus on economic growth; complementing the single currency with a banking union (with euro-wide deposit insurance, bank oversight and joint means for the recapitalisation or resolution of failing banks); and embracing a limited form of debt mutualisation to create a joint safe asset and allow peripheral economies the room gradually to reduce their debt burdens. This is the refrain from Washington, Beijing, London and indeed most of the capitals of the euro zone. Why hasn’t the continent’s canniest politician sprung into action?

… “

http://www.economist.com/node/21556577

Admittedly, I’m in a dilemma:

I certainly feel in close agreement to the statements of the article, but, coming from The Economist, I distrust.

What then? Who should one believe in?

Actually, in no one.

At this point, I don’t need The Economist to tell me what to think. The only advantage I can see in these ideas being published in the famous weekly magazine is the fact that maybe (just maybe) some more people will stop thinking this crisis will be solved with austerity and budget control.

The other thing that is undeniably true is that Mrs. Merkel has “that” power today.

Will anyone do something about it?

 

Democracy vs Mythology: The Battle in Syntagma Square (via sturdyblog)

Posted in Economics with tags , , , , , , , , , , , , , , , , , , , , , , , , , , on 18/06/2011 by Living out of Eden

Democracy vs Mythology: The Battle in Syntagma Square I have never been more desperate to explain and more hopeful for your understanding of any single fact than this: The protests in Greece concern all of you directly. What is going on in Athens at the moment is resistance against an invasion; an invasion as brutal as that against Poland in 1939. The invading army wears suits instead of uniforms and holds laptops instead of guns, but make no mistake – the attack on our sovereignty is as violent and … Read More

via sturdyblog