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I feel (no proof, just assertion) that they think they will fare better under a fascist regime than a socialist one and our sad (and probably hopeless) task is to make sure the hair gets cut with the sinister side of the razor.

Notre révolution m'a fait sentir tout le sens de l'axiome qui dit que l'histoire est un roman ; et je suis convaincu que la fortune et l'intrigue ont fait plus de héros, que le génie et la vertu.

by ek hornbeck on Tue Jul 7th, 2015 at 04:30:22 PM EST
On the contrary, they do not even understand what effects the current policies might have on electorates.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Tue Jul 7th, 2015 at 10:56:09 PM EST
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I don't think the two are mutually exclusive, but I do feel they're evil.
by ek hornbeck on Wed Jul 8th, 2015 at 12:10:20 AM EST
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I do too ek. The amount of stupid needed to enact policies like this would preclude even being able to tie your own shoelaces.

As for Berlusconi, I don't care what it would have taken, B had to go, for reasons too innumerable to count.

Renzi may be worse, but he's still the main driver of Italian politics right now. Hopefully not for too much longer!

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Wed Jul 8th, 2015 at 03:59:36 AM EST
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Lots of perfectly intelligent people, well able to tie their own shoelaces, believe in a long list of immensely stupid propositions. cf religion, mysticism, racism, sexism, string theory et al.
by Colman (colman at eurotrib.com) on Wed Jul 8th, 2015 at 04:04:17 AM EST
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Point taken, but perhaps 'apparently' would be more accurate than 'perfectly', Colman.

If there is such a thing as perfect intelligence it would surely include/be built on compassion.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Wed Jul 8th, 2015 at 04:08:31 AM EST
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there's nothing wrong with string theory.  I personally prefer Bosonic because you can never have enough dimensions.
by ek hornbeck on Wed Jul 8th, 2015 at 12:29:23 PM EST
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There's also nothing right with it.
by Colman (colman at eurotrib.com) on Wed Jul 8th, 2015 at 12:33:19 PM EST
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This is a cue for the almost obligatory reflex to link to Kalecki's Political Aspects of Full Employment (1943)
There are, however, even more direct indications that a first-class political issue is at stake here.  In the great depression in the 1930s, big business consistently opposed experiments for increasing employment by government spending in all countries, except Nazi Germany.  This was to be clearly seen in the USA (opposition to the New Deal), in France (the Blum experiment), and in Germany before Hitler.  The attitude is not easy to explain.  Clearly, higher output and employment benefit not only workers but entrepreneurs as well, because the latter's profits rise.  And the policy of full employment outlined above does not encroach upon profits because it does not involve any additional taxation.  The entrepreneurs in the slump are longing for a boom; why do they not gladly accept the synthetic boom which the government is able to offer them?  It is this difficult and fascinating question with which we intend to deal in this article.


One of the important functions of fascism, as typified by the Nazi system, was to remove capitalist objections to full employment.

The dislike of government spending policy as such is overcome under fascism by the fact that the state machinery is under the direct control of a partnership of big business with fascism.  The necessity for the myth of 'sound finance', which served to prevent the government from offsetting a confidence crisis by spending, is removed.  In a democracy, one does not know what the next government will be like.  Under fascism there is no next government.

And much more quotable...

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Jul 8th, 2015 at 06:14:31 AM EST
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