I marched today so that you could retire at 60[ UPDATED] | 43 comments (43 topical, 0 editorial, 0 hidden)

Re: I marched today (none / 0)

Can, will it be stopped???
(I'm less optimistic.)

And - who's marching for full employment?

by Lily (put - lilyalmond - here <a> yahaah.france) on Fri Oct 22nd, 2010 at 09:37:48 AM EST
[ Parent ]

Re: I marched today (none / 0)

And - who's marching for full employment?

Anyone who is marching for greater sovereign outlays is marching for improved employment.

That's the magic of Keynesian multiplier effects.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Oct 22nd, 2010 at 09:55:07 AM EST
[ Parent ]

Re: I marched today (4.00 / 3)

We have an economic system that willfully steers away from full employment in the name of monetary stability.

Without achieving monetary stability, of course.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Carrie (migeru at eurotrib dot com) on Fri Oct 22nd, 2010 at 09:56:19 AM EST
[ Parent ]

Re: I marched today (4.00 / 3)

We have an economic system that wilfully steers away from full employment in order to prevent full employment.

While a reserve army of labour is not required for capitalism to function, it does make looting a lot easier.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Oct 22nd, 2010 at 09:59:09 AM EST
[ Parent ]

Re: I marched today (none / 0)

If you rely on volatility for your profits, none of this is bad.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Oct 22nd, 2010 at 10:35:29 AM EST
[ Parent ]

Re: I marched today (none / 0)

I doubt you will find somebody in the demonstrations who is marching for "greater sovereign outlays"... ;-)

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char

by Melanchthon on Fri Oct 22nd, 2010 at 10:03:30 AM EST
[ Parent ]

Re: I marched today (4.00 / 2)

Well, I think/hope that the steamroller will run out of financial steam. When that happens, those who have tried to stop it will have a say in what shall be done.

While people are probably not marching for full employment, fear of unemployment is an important issue for many of them: fear of being unemployed at 58 and live on reduced benefits before being able to retire for the adults, fear of being unable to find a job when they get out of school/college for the young.

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char

by Melanchthon on Fri Oct 22nd, 2010 at 10:11:46 AM EST
[ Parent ]

I marched today so that you could retire at 60[ UPDATED] | 43 comments (43 topical, 0 editorial, 0 hidden)

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