Economic Policy, the Schwabian Housewife and Francois Hollande

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"What is rational for individuals leads collectively into a cul-de-sac.. The fundamental problem is that economic policy believes the crisis can be fought with the logic of a family budget. For that reason, the collapse of the euro zone threatens. Measures that restore trust in the future of the euro zone are necessary now."

France goes a different way than Italy and Spain. The new socialist government in France is fulfilling two election pledges by lowering the initial retirement age to 60 and requiring firms that terminate workers to pay considerable compensation.

to read Gustav Horn's "Economic Policy and the Schwabian Housewife" published in: Spiegel, June 5, 2012, click on

http://portland.indymedia.org/en/2012/06/416333.shtml

RELATED LINK:

"Surveying Utopia"

A Conversation about the Myths of Capitalism and the Coming Society
By Raul Zelik and Elmar Altvater

http://freembtranslations.net/?p=110

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demandside
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The world we're leaving for today's teens...

Without immediate global action on climate change, today's teenagers will be forced to live with the consequences of our inaction. The World Bank has issued their third report of climate change, and it says that global temperatures could rise by as much as 4 degrees Celsius by the time today's teens hit their 80th birthday.

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