Anti-austerity strikes sweep Europe

Comments (50)
gilbert213 wrote:

People need to wake up. The government, any government has no money until it takes it from someone else. There is not enough money to provide the “goodies” everyone wants, in Spain, France, Greece or the United States. I hope all you Obama supporters that read this start to get it. This will be the US in a few years. Get real, get a job, put your head down and work. In 10 years you may have something you are proud of. Nobody gets rich on the government dole. They get rich through hard work over many years. If you rely on the government for your livelihood you you will be miserable for your whole life. The sooner you learn that the better off you and our once great nation will be.

Nov 13, 2012 9:16pm EST  --  Report as abuse
retrobit wrote:

Soon to be the rest of Europe, soon to be the USA. Once the West collapses, the world collapses. Perhaps the next civilizations will be populated by people who belive in free people, free markets and limited government. *sigh*

Nov 13, 2012 9:27pm EST  --  Report as abuse
Marlboro wrote:

This is what happens when you run out of other people’s money. Oh, wait. Look. There’s Germany.

Nov 13, 2012 9:57pm EST  --  Report as abuse
Scoot2013 wrote:

Sadly, the left WILL not wake up – they don’t want to wake up. Have you tried having this conversation with a liberal? I have. Called a ‘doomsayer’ ‘negative’ ‘sore loser’ and much worse. Much easier to put your head in the sand and just continue to raise taxes (as just happened here in CA). It won’t happen right away, but at some point it all has to collapse. Got my gun permit and I would suggest you get yours.

Nov 13, 2012 10:12pm EST  --  Report as abuse
Skep41 wrote:

So, do these people think that going on strike will make new money appear? It’s like refusing to go to work because you cant pay your credit card bills.

Nov 13, 2012 10:38pm EST  --  Report as abuse
ChuckShire wrote:

Gilbert they will not and actually could care less as long as they get that check from our wallets then their vote is bought every time. In my opinion if you are on public assistance continually and are able to work you have no right to vote because you are a ward of the state

Nov 14, 2012 12:15am EST  --  Report as abuse
TeaBagYou wrote:

But unions are good! They help the working man!

Nov 14, 2012 12:21am EST  --  Report as abuse
TeaBagYou wrote:

But unions are good! They help the working man!

Nov 14, 2012 12:21am EST  --  Report as abuse
RandyBrass wrote:

” What do you MEAN, we ran out of other peoples money ???”"

Nov 14, 2012 12:40am EST  --  Report as abuse
Bib_Bear wrote:

Good to see secessionist movements are rising in Spain and Italy, and now the talk has reached the United States.

It needs to happen. Socialists can have their own damn countries!

Nov 14, 2012 1:38am EST  --  Report as abuse
johnnyboone wrote:

What a bunch of dippy comments including succession talk. Maybe the truth of the story is that the working class in Europe is refusing to accept the burden put on it by the government/corporations. A bank bailed out with government money kicks those renters or owners out who are required by their government to pay for the bailout of the banks.

Those on the dole are at the top of the food chain, not the poor guy working two jobs and living on food stamps. Unions are good!!! If it weren’t for unions, the governments of Europe would be shoving this down the workers throats. There is plenty of production out there and everyone can have a job but those on the bottom can not buy, stimulate the economy and have a job because, duh, the bottom dwellers of our economy don’t have any money to spend to get the system going. Oh, did I say in order to make an extra 1/2 cent/unit of production profit corporations shipped jobs overseas.

Blaming the guy on food stamps for the way the economy tanked is totally stupid and didn’t play well this last election except in the advetisements paid for by the megabillionaires through their “corporations are people” PAC’s.

Nov 14, 2012 6:18am EST  --  Report as abuse
RealEuropean wrote:

It’s actually incredible the stupidity of some people making comments on here. So lets just go back to bacis for those not quite able to understand the actual reality of what is happening. So the Governments of Europe, bail out the banks, that then foreclose on the homeowners, that couldn’t pay the mortgage, because they have lost their jobs because of the cuts that the governments are having to make, because of the debts they have run up in bailing out the banks….and somehow this is the fault of the people in the first place. and then you go on and talk about jobs being outsourced, you only have to look at Apple – Designed in California, built in China. You moan that you haven’t got the jobs but yet you still buy the stuff! Incredible, but the funny thing is that you are probably writing the comments about outsourced jobs from your ipad or mac book whilst sitting in your Honda SUV, drinking a starbucks, signing in via Facebook, whilst searching on Goolge etc etc…all of which use as many loopholes as possible not to pay tax. If corporations weren’t so greedy in the first place, and paid a fair proportion of taxes, then chances are we might be in a mess, but not anywhere near the mess we are in now!

Nov 14, 2012 7:13am EST  --  Report as abuse
klaatu2 wrote:

Sadly, it will and can happen here. The comfortably smug will continue to devour and regurgitate anti-worker propaganda no matter what occurs. Just won’t understand the need for balanced representation that includes labor. While thwarting regulatory balance, their actions drive the likelihood of the social upheaval that will cause them to lose on a rather grand scale.

Nov 14, 2012 7:18am EST  --  Report as abuse
a1a1a1a1a1a1 wrote:

Thank you johnnyboone. A voice of reason in the cacaphony [not sic] of illogical, Fox-fed comments.

It is unfortunate and sad that a certain segment of the population uses a complex topic such as the economy to express malevolence. You’d see the same type of responses were the topic immigration or the environment. These people’s hostile philosophy never waivers and is never helpful.

Our nation’s problems will not be resolved if all they’re seen as are excuses to reinforce mean-spirited smugness masquerading as high-minded self-sufficiency.

Nov 14, 2012 7:33am EST  --  Report as abuse
DeanMJackson wrote:

There is no such thing as the “austerity theory of value” nor the “sovereign debt theory of value”! “Austerity” and “sovereign debt” are political terms meant to keep an economy depressed (remember how well “austerity programs” worked in Africa and the rest of the Third World post World War II? They worked all right, worked to destroy economies!)or on “stall mode”, nothing more.

In order for an economy to grow once again (which will diminish sovereign debt), interest rates must be increased. Interest rates are the expected return on investment in the Evenly Rotating Economy, therefore by the European Central Bank (ECB) maintaining ludicrously low interest rates, the ECB is intentionally insuring that European economies won’t grow.

Why is the ECB destroying Europe’s economy? Because the ECB takes its cues from Chancellor Angela Merkel, a Communist agent, and her Comrades in the still existing USSR wants NATO disbanded. Moscow knows that once the European Union breaks up due to the intentional economic chaos the ECB is causing, NATO will implode.

It should be noted that the ECB, located in Frankfurt, Germany, takes its cues from Merkel not because its members are Communist agents themselves (thought some are), but because they don’t want their families killed in an “accident”.

Nov 14, 2012 7:43am EST  --  Report as abuse
Anthonykovic wrote:

Having to live within your means is coming as a very rude awakening for many, not to mention paying back the follies of yesteryear.

Nov 14, 2012 7:52am EST  --  Report as abuse
Renox wrote:

“Once the West collapses, the world collapses.” Retrobit wrote

Hold on! Not so fast. Why would it collapse? It is just the system which collapses. Fascism in the 30′s Communism in the 90′s. Now it is Democracy’s turn. As these corrupt Democracies are imploding, we must wake up and realize that all these forms of Governments are actually the same beasts in a different costume. The bottom line: There are rulers and those being oppressed. If you have been living in this illusion that all men are equal, read some more Rousseau and dream on!
Unions have always been there to keep Governments in check. After all Governments should fear the people not the other way around!

Nov 14, 2012 8:00am EST  --  Report as abuse
d_web wrote:

“You Reap What You Sow.”

Nov 14, 2012 8:02am EST  --  Report as abuse
AnnNY wrote:

Counties with populations over 20m are doomed. Between Keynsian consumer based graph voodoo and free goodies for all, it is impossible to change enough of the population to make a difference. As johnnyboone semi coherent post illustrates, even if socialist Europe comes crashing down, it will still somehow be blamed on capitalism.

Nov 14, 2012 8:10am EST  --  Report as abuse

This is the logical outcome of the proletarian dictatorship of government monopoly and privilege called Democracy. As a civilized and collective humanity we outgrew the divine right of kings and threw off the shackles of superstition only to replace it with a collective worship of all things government. Voluntary social order is the solution, but it can never be had through government and force. Marx was wrong.

Nov 14, 2012 8:10am EST  --  Report as abuse
theJoe wrote:

That will be America if Republicans ever get control, in fact we need to vote out the rest of GOP in 2014 or America will fall just like Europe, not a maybe IT WILL.

Nov 14, 2012 8:13am EST  --  Report as abuse
klaatu2 wrote:

Sadly, it will and can happen here. The comfortably smug will continue to devour and regurgitate anti-worker propaganda no matter what occurs. Just won’t understand the need for balanced representation that includes labor. While thwarting regulatory balance, their actions drive the likelihood of the social upheaval that will cause them to lose on a rather grand scale.

Nov 14, 2012 8:17am EST  --  Report as abuse
mardec09 wrote:

Now that’s a solution if I ever heard one…cripple and bite the hand you demand should feed you. LOL! What logic.

Nov 14, 2012 8:18am EST  --  Report as abuse
pocketnunu wrote:

According to BLS, in 2011, US union membership was at 11.8% or 14.8 million union workers. Public sector workers made up 37% of union membership. Nobody in the US has mentioned the word “austerity” yet and probably nobody ever will, but that is what the US is headed toward. It is unavoidable no matter who is in office. The sequestration is just a first step.

“Getting a job” isn’t necessarily any guarantee the job will be there in, say, 1 or 2 years, as Obamacare kicks in. Govt. jobs have decreased the most (that would include local and state jobs, such as teachers, fire and police). Who knows how many big chain businesses will close stores, or as defense spending is cut, how many big defense contractors will have to lay off workers due to cancelled govt. contracts?

“Austerity” doesn’t just hurt entitlement recipients. It hurts those who currently have jobs, who have always worked, who own homes, always paid their rent and bills. If they lose their jobs and jobs become scarce, or if they are taxed higher, and dollars are devalued, blah, blah, etc., etc., things will indeed get ugly. And if the US goes down, NO ONE can or will bail us out.

Nov 14, 2012 8:28am EST  --  Report as abuse

You’ve got to wonder though, at what point does the world become advanced enough through technology that the majority of people don’t have to work? If and when technology should ever support us all with its full automation and we only need 1 out of 1000 people to work and maintain those machines, will it still be welfare? Will that 1 person claim that the 1000 are living off of him alone? Will people work 1 day every 1000 days to equalize contribution? The shift seems to be happening right before our eyes whereas once again the old system has been outgrown and a new one must take it’s place. We’re all just speculating as to what it will look like in the end. But isn’t it fun to theorize!

Nov 14, 2012 9:02am EST  --  Report as abuse
M.C.McBride wrote:

Look what happens when you force well paid Europeans to compete with poorly paid workers in other countries while cutting off easy financing, curtailing government spending, increasing taxes, and ongoing bank bailouts. What is the plan for success in the US? Do what they are doing in Europe…time for tariffs and job creation programs the “free” market/ low tax experiment was a failure.

Nov 14, 2012 9:11am EST  --  Report as abuse
JoseGalapagos wrote:

“The problem with socialism is eventually you run out of other people’s money.”

Well it looks like that has happened. They made this bed, let them lie in it.

Nov 14, 2012 9:53am EST  --  Report as abuse
r.u.crazy wrote:

Payback is starting to catch up to the greedy and corrupt politicians of the world. They created this mess and now there will be hell to pay. The police are going to realize it’s not worth their own lives trying to protect these corrupt individuals. That day of reckoning is quickly descending and the house of cards will fall. Government after government will fall like dominoes and none will be immune to it’s outcome.

Nov 14, 2012 9:56am EST  --  Report as abuse
Meadowbrook wrote:

Johnnyboone – you’re funny..so it’s the bank bailout to blame? Hmmm, let me understand you; you prefer the banks, who hold the citizenry’s money, fail so EVERYONE loses their money??? If you think cutting back benefits and paying more taxes is tough on everone you wait until EVERYONE loses EVERYTHING. It is sooooooo easy to play the blame game, but the truth is, the banks need to be regulated, the government needs to be fiscally responsible and citizens need to be self sufficient and prepared to pay thier fair share to operate government. Sacrifices must be made by everyone to clean up the fiscal crises by over promising the electorate at large.

Nov 14, 2012 10:34am EST  --  Report as abuse
deanh wrote:

maybe they should hold their breath until they get what they want….

Nov 14, 2012 10:48am EST  --  Report as abuse
Overcast451 wrote:

You guys may want your free ride; but SOMEONE has to pay for it.

Food doesn’t get to market for free.

Nov 14, 2012 11:07am EST  --  Report as abuse
Renox wrote:

…and privilege called Democracy… As a civilized and collective humanity we outgrew the divine right of kings and threw off the shackles of superstition only to replace it with a collective worship of all things government. Voluntary social order is the solution, ….

Where is that? Democracy is a fallacy from the start. If 60% of the people thought that it would be OK to eliminate disabled people, or wage wars when it is convenient, it would still be wrong. The demagog slogans of democracy are very carefully crafted and ideologically manipulated. Permanent growth, individual rights, the right to do whatever, but in reality the majority of the population is just waking up, realizing that these slogans mean nothing. You can only be a president or Senator if you have a few millions in your pocket,permanent growth is an oxymoron, and your rights are diminishing every day by the fascist dictatorship under Obama.

Voluntary social order? Atheists, mass murderers and thieves do not participate in voluntary social processes. How do you keep them in line?

Nov 14, 2012 11:28am EST  --  Report as abuse
Chazz wrote:

…and our current leadership wants to make the US “more like Europe.”

Nov 14, 2012 11:39am EST  --  Report as abuse
RPhillips111 wrote:

Let Freedom Ring!!!

Nov 14, 2012 12:41pm EST  --  Report as abuse
TheNewWorld wrote:

@RealEuropean

That is not reality. The problem in Spain is a huge national debt. To get the debt under control they have to cut spending. The government dependents get hosed when governments have to cut spending. They were promised the world if they would vote those people into power. The politicians made good on their promises and drove the country into bankruptcy. Now tell me, who is to blame for this? The politicians for promising the world, or the idiot voters who believe their is a such thing as a free ride that voted them into office.

Nov 14, 2012 1:22pm EST  --  Report as abuse
TheNewWorld wrote:

@DeanMJackson

The banks have to keep the interest rates low because all of the governments are buried in debt. Raising the interest rates would worsen the budgets of governments all over the world. Also, higher interest rates keeps smart people from opening/expanding businesses, buying houses, etc.

Nov 14, 2012 1:29pm EST  --  Report as abuse
TheNewWorld wrote:

@Renox

Well the Unions played a key role in electing the government. The government in turn makes sure the pay is high and the benefits are good, no matter what the government budget looks like. Now they can’t afford all of the high pay and good benefits, and cuts have to be made. Unions aren’t happy with that, they voted in people to represent their best interests, not the country’s. In a Democracy, the voters are ultimately the cause of the problems. Those protesting played a key role in this. They demanded the high government expenses. They demanded deficit spending. They demanded their own demise. I am thoroughly convinced the majority of the world population has no clue what a budget is, and why deficit spending is so dangerous.

Nov 14, 2012 1:35pm EST  --  Report as abuse
Butch_from_PA wrote:

Hooray for democracy. Let the foolish banks who over extended pay for their default loans by selling the remaining government assets.

Ooops… I forgot – they are in bed with governments which control armies which can kill a lot of protestors.

Well at least some see the light and have shown the media they are not to be living in poverty for decades to welfare out the banks.

Nov 14, 2012 3:15pm EST  --  Report as abuse
Overcast451 wrote:

“…and our current leadership wants to make the US “more like Europe.”

Yep – this is JUST what they mean too – it’s easier to control people if they are begging for food – in theory.

But we’ll see if that’s how reality pans out. I’m not sure sure things will go this ‘smoothly’ in the USA.

Nov 14, 2012 6:00pm EST  --  Report as abuse
Overcast451 wrote:

“…and our current leadership wants to make the US “more like Europe.”

Yep – this is JUST what they mean too – it’s easier to control people if they are begging for food – in theory.

But we’ll see if that’s how reality pans out. I’m not sure sure things will go this ‘smoothly’ in the USA.

Nov 14, 2012 6:00pm EST  --  Report as abuse

They’d better crank up the presses and print out some more euros and spread them around ie this time to the people who need them
Sterling Greenwood/Aspen

Nov 14, 2012 6:51pm EST  --  Report as abuse
godiva wrote:

Socialism fails.

Nov 14, 2012 8:11pm EST  --  Report as abuse
Maxwells wrote:

Why not ask these Unions and strikers where they think the government is going to get the money from to operate? Attempting to shut down their countries and discouraging tourists from bringing money in is not going to help anyone.

Nov 14, 2012 8:37pm EST  --  Report as abuse
libhunter5 wrote:

I love how the European trash on this site thinks that their governments choose Austerity like they have a choice. Austerity is something the government is compelled to do when you run out of money because the productive class gives up being robbed and you cant print and borrow more. You guys also reduce the private sector to banks…the ultimate boogymen. All other sectors in you miserable countries are going belly up yet you want to tax spend and borrow even more even when you are broke. You guys have nations of prepetual children. Have fun fighting for more government as your destroy any chance your children have for a good life

Nov 14, 2012 9:20pm EST  --  Report as abuse
DeanMJackson wrote:

TheNewWorld says, “The banks have to keep the interest rates low because all of the governments are buried in debt. Raising the interest rates would worsen the budgets of governments all over the world. Also, higher interest rates keeps smart people from opening/expanding businesses, buying houses, etc.”

Response: You’re correct that higher interests would have the immediate effect of raising government debt through the temporary correction period that would result from such higher rates, as malinvestments are being wiped from the market. However, once the “adjustment period” was over, higher, market-oriented interest rates would produce greater savings for investment.

If you’re offered a grater reward (higher interest) for abstaining from present consumption for the greater future consumption that investment offers, you will naturally save to invest more.

Nov 14, 2012 9:31pm EST  --  Report as abuse
boonteetan wrote:

For each strike with tens of thousands of people off work per day, the economic or productivity loss is immeasurable. Just think of the cumulative negative effect if strikes and protests linger on. (vzc1943)

Nov 14, 2012 9:59pm EST  --  Report as abuse
TheNewWorld wrote:

@DeanMJackson

I am all for it. The FED isn’t and I don’t think most of America is. It seems we would rather create a debt crisis to deal with 10 years from now than deal with economic reality now.

Nov 14, 2012 10:05pm EST  --  Report as abuse
JackSophia wrote:

The problem here is the paradox of thrift.

A large percentage of the population of Spain/Portugal/Greece cannot afford to consume products of services. This is because the value of certain assets *cough, cough housing* were misrepresented in bank registers. Once this fake money vanishes in the financial collapse of 2007, the banks (not the depositors) need to pay back losses on their risky investments. But the government says, even though the banks made a bad mistake, they cannot be punished (although they should have). So they make the rest of the country pay to make the banks solvent again. The people are unduly burdened by the failed investments of others.

Austerity further exacerbates this problem by lowering employment and government consumption. The government takes the loss from the banks, and cuts payroll and the social safety net. This means the people can no longer afford what they used to. (This is why raising interest rates is silly).

Therefore, the government punishes the taxpaying and struggling citizens for improperly valued bank assets.

Nov 14, 2012 10:14pm EST  --  Report as abuse
DeanMJackson wrote:

TheNewWorld says, “I am all for it. The FED isn’t and I don’t think most of America is. It seems we would rather create a debt crisis to deal with 10 years from now than deal with economic reality now.”

Response: Ah, you brought up the Federal Reserve, recognizing that America’s central bank is following the same “stall mode” economic policy as the European Central Bank is! Well, the Federal Reserve (and Bank of England) “stall mode” policy has to do with China. With the depressed economy here in America, fewer dollars are going to China, which means fewer dollars for China’s massive military buildup (recall the Great Depression of the 1930s? Well, the Fed and the Bank of England were intentionally sabotaging their economies too. Why? Because that meant fewer dollars going to Germany and Japan, who were massively arming themselves throughout the 1930s. Otherwise the Great Depression would have been called the Little Depression). However, in the case of the European Central Bank (ECB), a “stall mode” policy will surly adversely affect China too, but it would also break up the European Union, later NATO. That’s how we know that the ECB’s “stall mode” policy is being directed from Moscow, not Brussels.

Take a look at this:

If the collapse of the USSR had been legitimate, the following obligatory actions would have taken place, as they always take place after political revolutions:

(1) Immediately after the “collapse” of the USSR high-ranking present and “former” Communist Party members within the various Federal government civilian/military/intelligence branches of the post Soviet republics were never arrested in the interests of national security:

Since there was no conquest that liberated the USSR, it would have been up to the people themselves to conduct the arrests to ensure the continuity of the freed state.

(2) Lower level Communist Party members within the 15 governments of the post USSR would have been immediately fired in the interests of national security:

The hated low-ranking CPSU members at all levels of government, who for 74 years persecuted the 90% of the population who were non-Communist, would have been fired from government positions, especially education. The freed Soviet public would then have requested assistance from the West to ensure critical services remained on-line until enough qualified freed Soviets could fill those positions.

(3) the Russian electorate these last 21 years have inexplicably only been electing for President and Prime Minister Soviet era Communist Party Quislings:

Presidents of Russia since 1991:

Boris Nikolayevich Yeltsin – July 10, 1991 – December 31, 1999 – Communist.

Vladimir Vladimirovich Putin – 31 December 1999 – 7 May 2000 (Acting) and May 7, 2000 – May 7, 2008 – Communist.

Dmitry Anatolyevich Medvedev – May 7, 2008 – May 7, 2012, during his studies at the University he joined the Communist Party.

Vladimir Vladimirovich Putin – May 7, 2012 – Present, Communist:

Yeltsin and Putin would have been arrested in the interests of national security, while Medvedev would have been shunned by the newly freed Russians.

(4) there was no de-Communization program initiated after the “collapse” of the USSR to ferret out Soviet era Communist agents still in power:

The fact that there were no Allies in the freed USSR to carry out a de-Communization program, meant the freed Soviets would not only have had to take up that program themselves but ensure, unlike the German de-Nazification example in post war Germany, its effectiveness since:

(a) there was no occupation force to ensure the Communists weren’t still in power or could mount a violent comeback; and

(b) ) unlike the Nazis that persecuted minorities in Germany, and were not generally hated by the dominant society, in the USSR Communists were the hated minority who persecuted the majority.

(5) not one “crime against humanity” indictment of the thousands of criminals still alive who committed crimes on Soviet territory:

Even post Nazi Germany (West and East) convicted and imprisoned Nazi war criminals.

(6) the refusal of the Russian Navy to remove the hated Communist Red Star from the bows of vessels, and the refusal of the Russian Air Force to remove the Communist Red Star from the wings of Russian military aircraft, not to mention placing the hated Communist Red Star on all new Naval vessels and military aircraft:

To the ordinary Russian, the Communist Red Star was the symbol for the hated Communist regime that for 74 years persecuted the 90% of the nation who were non-Communist; and

(7) Lenin’s tomb still exists in Red Square:

Just as the people of Germany tore apart the Berlin Wall in 1989, so too the Russian people would have destroyed Lenin’s tomb on December 25, 1991. The 74-year persecution of the 90% non-Communist Russian population would have seen Lenin’s tomb destroyed.

Nov 14, 2012 10:28pm EST  --  Report as abuse
DeanMJackson wrote:

JackSophia says, “But the government says, even though the banks made a bad mistake, they cannot be punished (although they should have). So they make the rest of the country pay to make the banks solvent again. The people are unduly burdened by the failed investments of others.”

Response: That’s correct. Until those malinvestments are wiped off the accountant books, there can be no recovery and the European Central Bank (ECB), of course, knows this.

With such malinvestments still in the economic pipeline, the true general price level cannot be known, therefore since the true general price level cannot be known, it’s impossible to make investments for the future when the true general price level is anybody’s guess!

Of course, what was supposed to happen back in 2008 is that interest rates were supposed to rise, which would have (1) wiped out the malinvesmrnts; and (2) encouraged greater savings for investment by the public (people would be encouraged to save more for greater investment because of the higher interest rates earned for such savings).

Ladies and gentlemen, can you now clearly see what I’ve been saying for some months now? The ECB wants the implosion of the European Union. Why? Because that will destroy NATO, Moscow’s old adversary on the European landmass.

Nov 15, 2012 2:17am EST  --  Report as abuse
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