Socialists protest the inevitable outcome of the costs of socialism

[dsummoner]

Source:

Police and protesters clashed in Spain on Wednesday as millions of workers went on strike across Europe to protest spending cuts they say have made the economic crisis worse.

International rail services were disrupted by strikes in Belgium and workers in Greece, Italy and France planned work stoppages or demonstrations as part of a "European Day of Action and Solidarity"...Some 5 million people, or 22 percent of the workforce, are union members in Spain. In Portugal about a quarter of the 5.5 million strong workforce is unionized.

Typical consolidated socialist filth of the gutter rabble. Here is the reality: Your socialist countries need to sell their bonds (i.e. debt). The actual private sector will not touch those bonds unless paid a king's ransom in interest secondary to the full knowledge that the funds generated from those debt sales will be squandered on coddling your useless hides rather than on something the will generate actual private sector productivity (the actual private sector... the 'thing' that you and your useless regimes parasitize upon). Supranational entities will provide a bailout but the countries providing the funding have their own socialist rabble to coddle at home and will not be in the mood to coddle you. That even the smallest modicum of so-called 'austerity' results in a drop in the GDP of your socialist countries only goes to show how deep-rooted the socialism has become.

[atomic]

Source:



Typical consolidated socialist filth of the gutter rabble. Here is the reality: Your socialist countries need to sell their bonds (i.e. debt). The actual private sector will not touch those bonds unless paid a king's ransom in interest secondary to the full knowledge that the funds generated from those debt sales will be squandered on coddling your useless hides rather than on something the will generate actual private sector productivity (the actual private sector... the 'thing' that you and your useless regimes parasitize upon). Supranational entities will provide a bailout but the countries providing the funding have their own socialist rabble to coddle at home and will not be in the mood to coddle you. That even the smallest modicum of so-called 'austerity' results in a drop in the GDP of your socialist countries only goes to show how deep-rooted the socialism has become.

Uh you have no idea what your are going on about. Check out how well the socialist countres like Norway and Sweden are doing. Countries like Spain and Greece are doing poorly because of the Euro. Typically in a situation like Spain and Greece the value of their currency would go down and their exports would go up as they would be cheaper and people would get jobs. Now however their currency stays high as it is tied to most of europe. So no one can get a job as the price of goods they produce is very high.

[dsummoner]

Uh you have no idea what your are going on about. Check out how well the socialist countres like Norway and Sweden are doing. Countries like Spain and Greece are doing poorly because of the Euro. Typically in a situation like Spain and Greece the value of their currency would go down and their exports would go up as they would be cheaper and people would get jobs. Now however their currency stays high as it is tied to most of europe. So no one can get a job as the price of goods they produce is very high.

Norway is funding its socialism through the extraction and sale of oil (a component of that fossil fuels thingy that the Gaian Warmer religious nutters are up in arms over). If the 'peak oil' alarmists are correct, along with the oil will go the socialist state. The socialist model of Sweden, the "Svenska modellen" already experienced its first shock during the 1990s. There will be more (one would be wise to remember the USSR at its height along with its collapse) and the importation of foreign indolents to suckle at the socialist welfare teat will only hasten this.

The problem with Greece and Spain and Portugal and Italy and the US is socialism and the welfare state. While the US can currently debauch its currency, the Eurozone countries cannot.

[Joy in Mudville]

Uh you have no idea what your are going on about. Check out how well the socialist countres like Norway and Sweden are doing. Countries like Spain and Greece are doing poorly because of the Euro. Typically in a situation like Spain and Greece the value of their currency would go down and their exports would go up as they would be cheaper and people would get jobs. Now however their currency stays high as it is tied to most of europe. So no one can get a job as the price of goods they produce is very high.

Good luck trying to bring facts to an ideological rant. While you are at try not to bring up the fact that Spain had a relatively small budget surplus before the crash.

[Joy in Mudville]

The socialist model of Sweden, the "Svenska modellen" already experienced its first shock during the 1990s. There will be more (one would be wise to remember the USSR at its height along with its collapse) and the importation of foreign indolents to suckle at the socialist welfare teat will only hasten this.

Of course, this is complete and utter nonsense. Sweden had a financial crisis in the early 90s similar to the one experienced by the United States. The steps they took to mitigate that crisis and get their fiscal house in order (straight out of the Keynes playbook) is one of the main reasons behind their excellent economic performance over the past several years even as the rest of Europe wallows in recession.

Socialism had nothing to do with it.

[Joy in Mudville]

Norway is funding its socialism through the extraction and sale of oil (a component of that fossil fuels thingy that the Gaian Warmer religious nutters are up in arms over). If the 'peak oil' alarmists are correct, along with the oil will go the socialist state.

I guess that's why Norway has saved a large portion of the proceeds from their oil exports and has created one of the world's largest sovereign wealth funds - about $500 billion in 2011. As long as they don't invest it in complex derivatives they should be ok when the oil runs out although that doesn't appear likely anytime soon as they just made a major offshore oil discovery last year.

Those pesky Northern European Socialists and their persistent success.

[dsummoner]

Of course, this is complete and utter nonsense. Sweden had a financial crisis in the early 90s similar to the one experienced by the United States. The steps they took to mitigate that crisis and get their fiscal house in order (straight out of the Keynes playbook) is one of the main reasons behind their excellent economic performance over the past several years even as the rest of Europe wallows in recession.

Socialism had nothing to do with it.

Socialism has everything to do with it. The Soviets had their run as well and we know how that turned out.

[Joy in Mudville]

Socialism has everything to do with it. The Soviets had their run as well and we know how that turned out.

Comparing Sweden to the Soviet Union is idiotic but that hasn't stopped you before.

[dsummoner]

I guess that's why Norway has saved a large portion of the proceeds from their oil exports and has created one of the world's largest sovereign wealth funds - about $500 billion in 2011. As long as they don't invest it in complex derivatives they should be ok when the oil runs out although that doesn't appear likely anytime soon as they just made a major offshore oil discovery last year.

Those pesky Northern European Socialists and their persistent success.

They will need that wealth fund when 'peak oil' hits or when the Warmer religious nutters have their way. The earnings of the fund as well the capital (equivalent to a bit more than 164% of what the US spent last month alone), however, will quickly be consumed by the 'needs' of the human pets. The USSR (with its substantially greater allocation of natural resources) was a success... until it wasn't. Natural resource extraction only prolongs the life of socialism but it does not stave off the inevitable fiscal insolvency at the end of the path.

[dsummoner]

Comparing Sweden to the Soviet Union is idiotic but that hasn't stopped you before.

One does need a bit of luck when dealing with your ideological pro-socialism ranting and raving. Getting your tacit admission that socialism is indeed socialism is a good start.

[Joy in Mudville]

One does need a bit of luck when dealing with your ideological pro-socialism ranting and raving. Getting your tacit admission that socialism is indeed socialism is a good start.

Nice dodge but no dice.

[dsummoner]

Nice dodge but no dice.

You should not be at the table if you don't understand how the game works.

[Joy in Mudville]

You should not be at the table if you don't understand how the game works.

And you should stop making inane comparisons that have no basis in fact.

[dsummoner]

And you should stop making inane comparisons that have no basis in fact.

Your inability to grasp somewhat simple concepts is not my fault or responsibility.

[atomic]

You guys love to put down the socialist countries but I suspect you never have visited them. Probably a lot of you capitalists don't even visit our cities once in a while. Do a tour of the european socialist nations than tour the american cities and get back to us.

[dsummoner]

You guys love to put down the socialist countries but I suspect you never have visited them. Probably a lot of you capitalists don't even visit our cities once in a while. Do a tour of the european socialist nations than tour the american cities and get back to us.

England and Germany have been on my travel itinerary already. Thanks but no thanks to having European levels of siphoning of my income for your cities.

[atomic]

England and Germany have been on my travel itinerary already. Thanks but no thanks to having European levels of siphoning of my income for your cities.

My cities. They are your cities too.

[dsummoner]

My cities. They are your cities too.

Nope.

[Joy in Mudville]

One of the things that has been lost during all this is that there were many of us who said years ago that a deep recession is exactly the wrong time to enact spending cuts. Europe's recent economic travails were predicted and avoidable.

[Anne68]

I've had the misfortune of paying England's 17% (it's been a while but it was close to that) VAT on two different trips. That is coming to the USA! Yay us.

I did enjoy my travels tho.