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What is reason for European countries failure

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  1. #1

    What is reason for European countries failure

    what do you think are major reasons for failing European countries ??

    Basic information say expense is higher than income but when we go to next level, does it mean the lifestyle they follow is not healthy for government as they have so much of government benefits but not in terms with contributing to economy back.

    Major innovations + production were taking place in Europe till early 20th century but then it shifted to US and now in Asia. Most of the current generation live on benefits of the their earlier generation without much of hard work.

    Like their earlier generation now they again need to work hard to get those comforts.


  2. #2

    Join Date
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    Do you have a friend or sibling who is lazy, inefficient, maybe just a bit dumb?

    Don't give up on him Joseph! Lend him money! Lots of money! Employ him, even though he's rubbish! Instead of sacking him, why not involve him in the decision making of your company, yes, give him a seat on the board!

    Share with him, go completely against your gut instinct, share everything even though you can see he's just bought himself a new Porsche while you're shopping around for a reliable runabout!

    Try those things and you'll know how it feels to be France/Germany or Britain. They are failing because they are stupidly throwing good money after bad......

    The others are failing for the same reason many lottery winners blow all their money in a couple of years, they didn't earn it through hard work.


  3. #3

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    Let's see if I can accurately answer this. Their failure comes down to three main fundamental problems:

    1) Democracy in Politics
    2) Welfare/Socialism
    3) Fractional Reserve Banking

    1. As predicted by Plato, a democratic government is always elected by people who can out promise their rivals. Often to the effect of impossibilities. Spending and debt eventually becomes to high to maintain.

    2. When you remove the deadly snakes at the bottom of the pit, more and more people who are hanging on the ledge will let go. Eventually all the poor citizens end up in the pit.

    3. The greatest flaw in FRB is that it requires the economy to grow (always). But that creates a infinite growth paradigm. Thus, the system will begin to collapse when growth of a country or economy reaches zero.

    A successful and sustainable economy requires an equilibrium of social, trade and, monetary policies. And most countries in Europe fail to understand this.

    East_coast and bryant.english like this.

  4. #4

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    Politicians who have never had a real job.


  5. #5
    Quote Originally Posted by bryant.english:
    Do you have a friend or sibling who is lazy, inefficient, maybe just a bit dumb?

    Don't give up on him Joseph! Lend him money! Lots of money! Employ him, even though he's rubbish! Instead of sacking him, why not involve him in the decision making of your company, yes, give him a seat on the board!

    Share with him, go completely against your gut instinct, share everything even though you can see he's just bought himself a new Porsche while you're shopping around for a reliable runabout!

    Try those things and you'll know how it feels to be France/Germany or Britain. They are failing because they are stupidly throwing good money after bad......

    The others are failing for the same reason many lottery winners blow all their money in a couple of years, they didn't earn it through hard work.
    Sarcastic but true...

  6. #6

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    The Euro as it currently stands is probably a major cause. Reckless governments could borrow on the implied promise of support of the Euro club. If formal federation had taken place then there would be legal checks and balances forcing national governments to be more like provincial governments.

    Unfortunately it seems everyone wanted the benefits from near full economic integration without any of the drawbacks.

    Last edited by East_coast; 01-09-2012 at 06:59 PM.