• Log InLog In
  • Register
Liquid`
Team Liquid Liquipedia
EDT 04:32
CEST 10:32
KST 17:32
  • Home
  • Forum
  • Calendar
  • Streams
  • Liquipedia
  • Features
  • Store
  • EPT
  • TL+
  • StarCraft 2
  • Brood War
  • Smash
  • Heroes
  • Counter-Strike
  • Overwatch
  • Liquibet
  • Fantasy StarCraft
  • TLPD
  • StarCraft 2
  • Brood War
  • Blogs
Forum Sidebar
Events/Features
News
Featured News
Tournament Spotlight: FEL Cracow 20255Power Rank - Esports World Cup 202576RSL Season 1 - Final Week9[ASL19] Finals Recap: Standing Tall15HomeStory Cup 27 - Info & Preview18
Community News
Google Play ASL (Season 20) Announced21BSL Team Wars - Bonyth, Dewalt, Hawk & Sziky teams10Weekly Cups (July 14-20): Final Check-up0Esports World Cup 2025 - Brackets Revealed19Weekly Cups (July 7-13): Classic continues to roll8
StarCraft 2
General
#1: Maru - Greatest Players of All Time Tournament Spotlight: FEL Cracow 2025 I offer completely free coaching services Power Rank - Esports World Cup 2025 What tournaments are world championships?
Tourneys
Esports World Cup 2025 $25,000 Streamerzone StarCraft Pro Series announced $5,000 WardiTV Summer Championship 2025 WardiTV Mondays FEL Cracov 2025 (July 27) - $10,000 live event
Strategy
How did i lose this ZvP, whats the proper response
Custom Maps
External Content
Mutation #239 Bad Weather Mutation # 483 Kill Bot Wars Mutation # 482 Wheel of Misfortune Mutation # 481 Fear and Lava
Brood War
General
Google Play ASL (Season 20) Announced Dewalt's Show Matches in China BGH Auto Balance -> http://bghmmr.eu/ BW General Discussion Flash Announces (and Retracts) Hiatus From ASL
Tourneys
[Megathread] Daily Proleagues [BSL20] Non-Korean Championship 4x BSL + 4x China CSL Xiamen International Invitational [CSLPRO] It's CSLAN Season! - Last Chance
Strategy
Simple Questions, Simple Answers [G] Mineral Boosting Does 1 second matter in StarCraft?
Other Games
General Games
Nintendo Switch Thread Stormgate/Frost Giant Megathread Total Annihilation Server - TAForever [MMORPG] Tree of Savior (Successor of Ragnarok) Path of Exile
Dota 2
Official 'what is Dota anymore' discussion
League of Legends
Heroes of the Storm
Simple Questions, Simple Answers Heroes of the Storm 2.0
Hearthstone
Heroes of StarCraft mini-set
TL Mafia
TL Mafia Community Thread Vanilla Mini Mafia
Community
General
US Politics Mega-thread UK Politics Mega-thread Stop Killing Games - European Citizens Initiative Things Aren’t Peaceful in Palestine Russo-Ukrainian War Thread
Fan Clubs
INnoVation Fan Club SKT1 Classic Fan Club!
Media & Entertainment
[\m/] Heavy Metal Thread Anime Discussion Thread Movie Discussion! [Manga] One Piece Korean Music Discussion
Sports
2024 - 2025 Football Thread Formula 1 Discussion TeamLiquid Health and Fitness Initiative For 2023 NBA General Discussion
World Cup 2022
Tech Support
Installation of Windows 10 suck at "just a moment" Computer Build, Upgrade & Buying Resource Thread
TL Community
TeamLiquid Team Shirt On Sale The Automated Ban List
Blogs
Ping To Win? Pings And Their…
TrAiDoS
momentary artworks from des…
tankgirl
from making sc maps to makin…
Husyelt
StarCraft improvement
iopq
Socialism Anyone?
GreenHorizons
Eight Anniversary as a TL…
Mizenhauer
Customize Sidebar...

Website Feedback

Closed Threads



Active: 657 users

European Politico-economics QA Mega-thread - Page 1107

Forum Index > General Forum
Post a Reply
Prev 1 1105 1106 1107 1108 1109 1413 Next
Although this thread does not function under the same strict guidelines as the USPMT, it is still a general practice on TL to provide a source with an explanation on why it is relevant and what purpose it adds to the discussion. Failure to do so will result in a mod action.
TheDwf
Profile Joined November 2011
France19747 Posts
Last Edited: 2018-05-30 20:55:59
May 30 2018 20:54 GMT
#22121
On May 31 2018 05:00 Nyxisto wrote:
Show nested quote +
Well, as evidenced by reality, neoliberals have zero problem lifting borders for goods, capital and services; while closing borders for migrants deemed undesirable.


I don't think anybody can claim that liberalism on earth is as pure as its platonic ideal, but judging liberals this hashly for not living up to their promises coming from a left-winger is pretty funny. If we'd judge every ideology by their real-world results liberalism does better than pretty much anything else.

"no real socialism" is a staple in almost every political discussion about it, have you ever heard anyone talk about 'no real liberalism'? Liberalism howerver flawed is at least measured against its actual outcomes.

The difference is that there is "real neoliberalism" (of course it's not "pure," but it doesn't matter) and some of the governments which apply it have no problem stopping/reducing immigration, which contradicts your initial point.

Edit—and yes, I have actually read many libertarians use the "no real liberalism" rhetoric.
Nyxisto
Profile Joined August 2010
Germany6287 Posts
Last Edited: 2018-05-30 21:01:25
May 30 2018 21:00 GMT
#22122
In the large scope of things (neo)-liberal governments favour open immigration policies. Be it Germany, or Sweden or the United States or whatever. So do liberal parties and the majority of their members, probably also within En Marche. To take one example, Macron's adoption of a right-wing stance (in the face of public pressure) as an indicator that liberals overall support anti-immigration measures is just not representative. It's simply not true.

No matter where you go, if you ask a liberal person (in the broad sense) if they are defenders of open borders they're likely going to say and vote yes. I don't really no what kind of liberal people you're meeting that are supposed to be systematically opposed to immigration.
TheDwf
Profile Joined November 2011
France19747 Posts
May 30 2018 21:03 GMT
#22123
On May 31 2018 06:00 Nyxisto wrote:
In the large scope of things (neo)-liberal governments favour open immigration policies. Be it Germany, or Sweden or the United States or whatever. So do liberal parties and the majority of their members, probably also within En Marche. To take one example, Macron's adoption of a right-wing stance (in the face of public pressure) as an indicator that liberals overall support anti-immigration measures is just not representative. It's simply not true.

No matter where you go, if you ask a liberal person (in the broad sense) if they are defenders of open borders they're likely going to say and vote yes. I don't really no what kind of liberal people you're meeting that are supposed to be systematically opposed to immigration.

Economically neoliberal ≠ politically/culturally liberal
a_flayer
Profile Blog Joined April 2010
Netherlands2826 Posts
Last Edited: 2018-05-30 21:13:11
May 30 2018 21:04 GMT
#22124
They want the smartest, most entrepreneurial, hardest-working immigrants so that they can put them to work as high-educated labor in their research labs and elsewhere. This will allow western corporations to continue to dominate the world's information sector with patents and such and so we keep the global divide alive and well. That is the neoliberal agenda regarding immigration.

Well, that and the "we must have more kids because the conditions in which we run our own society demands that we continue to have more kids and yet our own population doesn't seem interested" policy that has something to do with economics & pensions and so forth.
When you came along so righteous with a new national hate, so convincing is the ardor of war and of men, it's harder to breathe than to believe you're a friend. The wars at home, the wars abroad, all soaked in blood and lies and fraud.
Big J
Profile Joined March 2011
Austria16289 Posts
Last Edited: 2018-05-30 21:05:24
May 30 2018 21:04 GMT
#22125
A little more Friedman on that topic:
+ Show Spoiler +






So in essence his argument is:
Free immigration is great. But when you have a welfare state with minimum income/minimum welfare then you get immigration into the welfare state. Unless you make it illegal for them to come, so they don't register. Then they don't get benefits and can only immigrate into work.
Nyxisto
Profile Joined August 2010
Germany6287 Posts
Last Edited: 2018-05-30 21:24:02
May 30 2018 21:21 GMT
#22126
On May 31 2018 06:03 TheDwf wrote:
Show nested quote +
On May 31 2018 06:00 Nyxisto wrote:
In the large scope of things (neo)-liberal governments favour open immigration policies. Be it Germany, or Sweden or the United States or whatever. So do liberal parties and the majority of their members, probably also within En Marche. To take one example, Macron's adoption of a right-wing stance (in the face of public pressure) as an indicator that liberals overall support anti-immigration measures is just not representative. It's simply not true.

No matter where you go, if you ask a liberal person (in the broad sense) if they are defenders of open borders they're likely going to say and vote yes. I don't really no what kind of liberal people you're meeting that are supposed to be systematically opposed to immigration.

Economically neoliberal ≠ politically/culturally liberal


Just to the same degree as being economically socialist doesn't necessarily mean you're not a reactionary. Those people exist, but they're rather untypical. Likewise, someone who believes in economic freedom and individual rights also tends to believe in cultural and political individual rights.

neoliberalism is not special in this regard. Some people hold incoherent economic and political views, many people hold coherent views. Most parties that today represent (neo)liberalism, also represent culturally and political liberal positions. The issue of immigration aside, En Marche is still a culturally liberal party too measured by French standards at least.
Nebuchad
Profile Blog Joined December 2012
Switzerland12172 Posts
Last Edited: 2018-05-30 21:24:29
May 30 2018 21:23 GMT
#22127
On May 31 2018 06:00 Nyxisto wrote:
In the large scope of things (neo)-liberal governments favour open immigration policies. Be it Germany, or Sweden or the United States or whatever. So do liberal parties and the majority of their members, probably also within En Marche. To take one example, Macron's adoption of a right-wing stance (in the face of public pressure) as an indicator that liberals overall support anti-immigration measures is just not representative. It's simply not true.

No matter where you go, if you ask a liberal person (in the broad sense) if they are defenders of open borders they're likely going to say and vote yes. I don't really no what kind of liberal people you're meeting that are supposed to be systematically opposed to immigration.


One of the easiest ones is when you're out of a job and you believe the free market is awesome and it's all a big meritocracy. But it can't be that you're out of a job because the market doesn't see your worth, that makes no sense, you're clearly an amazing person. Could it be those immigrants rigging the system by accepting to work under worse conditions than you are willing to? I'm sure it could.

This is a common view. And it's not one that is discouraged because we would much rather you channel that discontent you have against the people who don't matter.
No will to live, no wish to die
TheDwf
Profile Joined November 2011
France19747 Posts
May 30 2018 21:43 GMT
#22128
On May 31 2018 06:21 Nyxisto wrote:
Show nested quote +
On May 31 2018 06:03 TheDwf wrote:
On May 31 2018 06:00 Nyxisto wrote:
In the large scope of things (neo)-liberal governments favour open immigration policies. Be it Germany, or Sweden or the United States or whatever. So do liberal parties and the majority of their members, probably also within En Marche. To take one example, Macron's adoption of a right-wing stance (in the face of public pressure) as an indicator that liberals overall support anti-immigration measures is just not representative. It's simply not true.

No matter where you go, if you ask a liberal person (in the broad sense) if they are defenders of open borders they're likely going to say and vote yes. I don't really no what kind of liberal people you're meeting that are supposed to be systematically opposed to immigration.

Economically neoliberal ≠ politically/culturally liberal


Just to the same degree as being economically socialist doesn't necessarily mean you're not a reactionary. Those people exist, but they're rather untypical. Likewise, someone who believes in economic freedom and individual rights also tends to believe in cultural and political individual rights.

neoliberalism is not special in this regard. Some people hold incoherent economic and political views, many people hold coherent views. Most parties that today represent (neo)liberalism, also represent culturally and political liberal positions. The issue of immigration aside, En Marche is still a culturally liberal party too measured by French standards at least.

No no, it's not an exception. According to the CEVIPOF studies (big detailed polls about political opinions), in France 65% of those who are economically liberal are not culturally liberal (source in French). Liberal-conservatives are a thing. According to the same source, 63% of the most economically liberal voters chose Fillon, who was certainly not culturally liberal. As for political liberalism, it's supposed to be the basis of our regimes so it's "mainstream," but the rising authoritarian trends a bit everywhere show that it could disappear while the economic neoliberalism remains (plus there were neoliberal dictatures, e.g. under Pinochet).

Macron's cultural/political liberalism was a lie, so it matters little what the empty shell of his start-up party thinks; if it even thinks something. They present themselves as "liberal-progressists" but so far did absolutely nothing to prove it. Even their proclaimed feminism is mostly just words. No legalization of cannabis, no new rights for LGBT people... Where's the cultural liberalism here?
Big J
Profile Joined March 2011
Austria16289 Posts
May 30 2018 22:31 GMT
#22129
The differentiation between economic liberalism and cultural liberalism is bullshit to begin with. There is no half-arsed freedom. Telling a gay person: "You must not love that guy, but hey, you are free to choose your profession." is nothing but an authoritarian optimization towards your very own values, namely capital fetishism. It is not freedom.
GreenHorizons
Profile Blog Joined April 2011
United States23221 Posts
May 30 2018 22:52 GMT
#22130
On May 31 2018 07:31 Big J wrote:
The differentiation between economic liberalism and cultural liberalism is bullshit to begin with. There is no half-arsed freedom. Telling a gay person: "You must not love that guy, but hey, you are free to choose your profession." is nothing but an authoritarian optimization towards your very own values, namely capital fetishism. It is not freedom.


I always think of this image when this conversation comes up

+ Show Spoiler +
[image loading]


I don't have much to offer on the European side so I'm mostly here to observe and wish more of you socialishsts posted in the US Politics thread but I'm one of those people who prefers image/sound so I thought the visualization may help someone.
"People like to look at history and think 'If that was me back then, I would have...' We're living through history, and the truth is, whatever you are doing now is probably what you would have done then" "Scratch a Liberal..."
Big J
Profile Joined March 2011
Austria16289 Posts
May 30 2018 23:28 GMT
#22131
On May 31 2018 07:52 GreenHorizons wrote:
Show nested quote +
On May 31 2018 07:31 Big J wrote:
The differentiation between economic liberalism and cultural liberalism is bullshit to begin with. There is no half-arsed freedom. Telling a gay person: "You must not love that guy, but hey, you are free to choose your profession." is nothing but an authoritarian optimization towards your very own values, namely capital fetishism. It is not freedom.


I always think of this image when this conversation comes up

+ Show Spoiler +
[image loading]


I don't have much to offer on the European side so I'm mostly here to observe and wish more of you socialishsts posted in the US Politics thread but I'm one of those people who prefers image/sound so I thought the visualization may help someone.


Reasons I love math: You can savely call someone an idiot when they make a blatently illogical statement like the one in the picture.
But instead I have a Führer whose argument against an inheritance tax is to see it "from the perspective of the testator". Maybe I am just bad at necromancy but I just don't get those dead people to tell me their views.
But hey, conservatives are the realists and leftists the dreamers they tell me.
TheDwf
Profile Joined November 2011
France19747 Posts
May 31 2018 09:34 GMT
#22132


Verhofstadt trying his hardest to boost the Italian far-right
Big J
Profile Joined March 2011
Austria16289 Posts
May 31 2018 10:17 GMT
#22133
Italy is struggling because young and working people should be paying unrealistic amounts of debts that old and dead people have caused. There is nothing liberal in austerity once you have acquired debt. The liberal mechanism is not to pass on debts to someone else by abusing state institutions. The liberal mechanism is that when someone dies and hasnt fullfilled his personal contract then it becomes the personal problem of the creditor. As always the selfproclaimed liberals join in into the economic rape of our generation through conservative rule.
Acrofales
Profile Joined August 2010
Spain17983 Posts
May 31 2018 10:37 GMT
#22134
On May 31 2018 19:17 Big J wrote:
Italy is struggling because young and working people should be paying unrealistic amounts of debts that old and dead people have caused. There is nothing liberal in austerity once you have acquired debt. The liberal mechanism is not to pass on debts to someone else by abusing state institutions. The liberal mechanism is that when someone dies and hasnt fullfilled his personal contract then it becomes the personal problem of the creditor. As always the selfproclaimed liberals join in into the economic rape of our generation through conservative rule.

For obvious reasons that doesn't work for countries (or for corporations). For starters, every day Italians die (and new ones are born). What part of the debt belongs to Italians who die, and should therefore be written off by the creditors? But in general, it's just not how things work. The money wasn't loaned to Giuseppe, it was loaned to Italy, in the expectation that in 20-30-40-50 years, depending on the duration of the loan, that money would be payed back, regardless of whether the money was to pay for Giuseppe's pension and Giuseppe is long dead, or whether it was to build a nice highway between Rome and Milan, that Giuseppe's grandson is happily using.

If you are going to make the comparison between people and countries, you should take into account that a bank simply *does not loan* money to old people without pretty ironclad guarantees that they will repaid if the person dies. So what you actually mean is that Italy should declare bankruptcy, because young Italians should refuse to pay for their grandparents' debts. That is a valid point of view, but hasn't gone very well in countries that have tried. Argentina's corralito is still one of the most obvious examples of unbridled borrowing into telling the IMF to go fuck themselves. The economy crashed and burned, and is still a mess 18 years later (obviously there are other factors as well).

Ranting and railing against free market economies only works if you are willing to pay the price of *not* going along with them. Because whoever Italy's creditors are (for a fairly large part, Italian pension funds, as I explained above) bound to not be very happy when the Italian states tells them to go fuck themselves.
Plansix
Profile Blog Joined April 2011
United States60190 Posts
May 31 2018 11:12 GMT
#22135
Generational debt of any form is the death of a free market anyways. Free markets are based on individuals making the best decision for themselves. Saddling them with the debt of their parents is not a market choice they made and undercuts the foundation of the free market itself.
I have the Honor to be your Obedient Servant, P.6
TL+ Member
Big J
Profile Joined March 2011
Austria16289 Posts
Last Edited: 2018-05-31 11:14:17
May 31 2018 11:13 GMT
#22136
On May 31 2018 19:37 Acrofales wrote:
Show nested quote +
On May 31 2018 19:17 Big J wrote:
Italy is struggling because young and working people should be paying unrealistic amounts of debts that old and dead people have caused. There is nothing liberal in austerity once you have acquired debt. The liberal mechanism is not to pass on debts to someone else by abusing state institutions. The liberal mechanism is that when someone dies and hasnt fullfilled his personal contract then it becomes the personal problem of the creditor. As always the selfproclaimed liberals join in into the economic rape of our generation through conservative rule.

For obvious reasons that doesn't work for countries (or for corporations). For starters, every day Italians die (and new ones are born). What part of the debt belongs to Italians who die, and should therefore be written off by the creditors? But in general, it's just not how things work. The money wasn't loaned to Giuseppe, it was loaned to Italy, in the expectation that in 20-30-40-50 years, depending on the duration of the loan, that money would be payed back, regardless of whether the money was to pay for Giuseppe's pension and Giuseppe is long dead, or whether it was to build a nice highway between Rome and Milan, that Giuseppe's grandson is happily using.

If you are going to make the comparison between people and countries, you should take into account that a bank simply *does not loan* money to old people without pretty ironclad guarantees that they will repaid if the person dies. So what you actually mean is that Italy should declare bankruptcy, because young Italians should refuse to pay for their grandparents' debts. That is a valid point of view, but hasn't gone very well in countries that have tried. Argentina's corralito is still one of the most obvious examples of unbridled borrowing into telling the IMF to go fuck themselves. The economy crashed and burned, and is still a mess 18 years later (obviously there are other factors as well).

Ranting and railing against free market economies only works if you are willing to pay the price of *not* going along with them. Because whoever Italy's creditors are (for a fairly large part, Italian pension funds, as I explained above) bound to not be very happy when the Italian states tells them to go fuck themselves.


Since democracy is one-man/woman-one-vote you offwrite 1/(number of people at the time the contract was created) everytime one dies of every state debt contract.

Of course states and other institutions don't work that way RIGHT NOW. That is why you should clean up their internal rules to work like that. I'm sorry if someone loses out on such a change in contract, but it should have been clear all along that in reality you can't expect to get a return no matter what. That's just the nature of multihuman interaction. Contract rules are there to instituionalize these things, prevent slavery and other unfair and unrealistic contracts. If that right - which in itself is a social contract - leads to impossible demands it is that right that has to be reformed, not the contract that has to be fullfilled.

You could obviously postpone the problem to the next generation, by just making that amount of debt necessary to pay for the interest of current debt without having to take it from taxes. Anymore debt you make should be payed back in a short timeframe, less debt shouldnt be made.
Acrofales
Profile Joined August 2010
Spain17983 Posts
Last Edited: 2018-05-31 11:18:44
May 31 2018 11:16 GMT
#22137
On May 31 2018 20:12 Plansix wrote:
Generational debt of any form is the death of a free market anyways. Free markets are based on individuals making the best decision for themselves. Saddling them with the debt of their parents is not a market choice they made and undercuts the foundation of the free market itself.

Then we should probably have thought of that before lending massive amounts of money to countries became a thing. There's a reason Europe has rules about things like annual budgets, and in general worries about national debt. It's precisely *because* countries shouldn't just spend money they don't have and let future generations worry about what that means. And the Italian government thinking they should double down on that policy is beyond stupid. If M5E or Lega are worried about not being able to repay their national debt, they shouldn't just borrow more, they should tell their creditors to go fuck themselves.

E: and as I said above, the creditors are Italian pension funds. So they won't actually do that, as it will wipe out their own economy AND their voter base's pensions in one fell swoop.
Acrofales
Profile Joined August 2010
Spain17983 Posts
Last Edited: 2018-05-31 11:59:13
May 31 2018 11:21 GMT
#22138
On May 31 2018 20:13 Big J wrote:
Show nested quote +
On May 31 2018 19:37 Acrofales wrote:
On May 31 2018 19:17 Big J wrote:
Italy is struggling because young and working people should be paying unrealistic amounts of debts that old and dead people have caused. There is nothing liberal in austerity once you have acquired debt. The liberal mechanism is not to pass on debts to someone else by abusing state institutions. The liberal mechanism is that when someone dies and hasnt fullfilled his personal contract then it becomes the personal problem of the creditor. As always the selfproclaimed liberals join in into the economic rape of our generation through conservative rule.

For obvious reasons that doesn't work for countries (or for corporations). For starters, every day Italians die (and new ones are born). What part of the debt belongs to Italians who die, and should therefore be written off by the creditors? But in general, it's just not how things work. The money wasn't loaned to Giuseppe, it was loaned to Italy, in the expectation that in 20-30-40-50 years, depending on the duration of the loan, that money would be payed back, regardless of whether the money was to pay for Giuseppe's pension and Giuseppe is long dead, or whether it was to build a nice highway between Rome and Milan, that Giuseppe's grandson is happily using.

If you are going to make the comparison between people and countries, you should take into account that a bank simply *does not loan* money to old people without pretty ironclad guarantees that they will repaid if the person dies. So what you actually mean is that Italy should declare bankruptcy, because young Italians should refuse to pay for their grandparents' debts. That is a valid point of view, but hasn't gone very well in countries that have tried. Argentina's corralito is still one of the most obvious examples of unbridled borrowing into telling the IMF to go fuck themselves. The economy crashed and burned, and is still a mess 18 years later (obviously there are other factors as well).

Ranting and railing against free market economies only works if you are willing to pay the price of *not* going along with them. Because whoever Italy's creditors are (for a fairly large part, Italian pension funds, as I explained above) bound to not be very happy when the Italian states tells them to go fuck themselves.


Since democracy is one-man/woman-one-vote you offwrite 1/(number of people at the time the contract was created) everytime one dies of every state debt contract.

Of course states and other institutions don't work that way RIGHT NOW. That is why you should clean up their internal rules to work like that. I'm sorry if someone loses out on such a change in contract, but it should have been clear all along that in reality you can't expect to get a return no matter what. That's just the nature of multihuman interaction. Contract rules are there to instituionalize these things, prevent slavery and other unfair and unrealistic contracts. If that right - which in itself is a social contract - leads to impossible demands it is that right that has to be reformed, not the contract that has to be fullfilled.

You could obviously postpone the problem to the next generation, by just making that amount of debt necessary to pay for the interest of current debt without having to take it from taxes. Anymore debt you make should be payed back in a short timeframe, less debt shouldnt be made.


That's fine, and I think whoever lent all those massive amounts of money deserves to get burnt. I don't see a huge debt relief for Greece as a bad thing. And I wouldn't see debt relief for Italy as a bad thing either. If sanitizing the financial situation was actually what Italy wanted. What M5E and Lega were actually proposing was:

We borrowed too much and can't pay it back. So fuck it. Live like there's no tomorrow and borrow more! Tax cuts for everybody! And when shit hits the fan, we'll blame the EU!
zlefin
Profile Blog Joined October 2012
United States7689 Posts
May 31 2018 12:42 GMT
#22139
On May 31 2018 20:13 Big J wrote:
Show nested quote +
On May 31 2018 19:37 Acrofales wrote:
On May 31 2018 19:17 Big J wrote:
Italy is struggling because young and working people should be paying unrealistic amounts of debts that old and dead people have caused. There is nothing liberal in austerity once you have acquired debt. The liberal mechanism is not to pass on debts to someone else by abusing state institutions. The liberal mechanism is that when someone dies and hasnt fullfilled his personal contract then it becomes the personal problem of the creditor. As always the selfproclaimed liberals join in into the economic rape of our generation through conservative rule.

For obvious reasons that doesn't work for countries (or for corporations). For starters, every day Italians die (and new ones are born). What part of the debt belongs to Italians who die, and should therefore be written off by the creditors? But in general, it's just not how things work. The money wasn't loaned to Giuseppe, it was loaned to Italy, in the expectation that in 20-30-40-50 years, depending on the duration of the loan, that money would be payed back, regardless of whether the money was to pay for Giuseppe's pension and Giuseppe is long dead, or whether it was to build a nice highway between Rome and Milan, that Giuseppe's grandson is happily using.

If you are going to make the comparison between people and countries, you should take into account that a bank simply *does not loan* money to old people without pretty ironclad guarantees that they will repaid if the person dies. So what you actually mean is that Italy should declare bankruptcy, because young Italians should refuse to pay for their grandparents' debts. That is a valid point of view, but hasn't gone very well in countries that have tried. Argentina's corralito is still one of the most obvious examples of unbridled borrowing into telling the IMF to go fuck themselves. The economy crashed and burned, and is still a mess 18 years later (obviously there are other factors as well).

Ranting and railing against free market economies only works if you are willing to pay the price of *not* going along with them. Because whoever Italy's creditors are (for a fairly large part, Italian pension funds, as I explained above) bound to not be very happy when the Italian states tells them to go fuck themselves.


Since democracy is one-man/woman-one-vote you offwrite 1/(number of people at the time the contract was created) everytime one dies of every state debt contract.

Of course states and other institutions don't work that way RIGHT NOW. That is why you should clean up their internal rules to work like that. I'm sorry if someone loses out on such a change in contract, but it should have been clear all along that in reality you can't expect to get a return no matter what. That's just the nature of multihuman interaction. Contract rules are there to instituionalize these things, prevent slavery and other unfair and unrealistic contracts. If that right - which in itself is a social contract - leads to impossible demands it is that right that has to be reformed, not the contract that has to be fullfilled.

You could obviously postpone the problem to the next generation, by just making that amount of debt necessary to pay for the interest of current debt without having to take it from taxes. Anymore debt you make should be payed back in a short timeframe, less debt shouldnt be made.

sounds implementable;
some notes:
nobody is going to lend you money long term without charging a higher interest to account for those losses in the debt contract.

it sounds like you're favoring simply not accruing debt in the first place. just add a balanced budget rule or some such to prevent accumulating any debt at all.

it's not unreasonable for the debt to be paid by generations not yet born IF the debt was incurred for projects with long term benefits that help those people. Like some infrastructure projects. The problem is that too many nations use debt to pay for current welfare spending.
Great read: http://shorensteincenter.org/news-coverage-2016-general-election/ great book on democracy: http://press.princeton.edu/titles/10671.html zlefin is grumpier due to long term illness. Ignoring some users.
Dangermousecatdog
Profile Joined December 2010
United Kingdom7084 Posts
Last Edited: 2018-05-31 13:12:07
May 31 2018 12:43 GMT
#22140
It actually makes good sense in a terrible kind of way. The country can borrow more and more on the euro, then you blame the euro and default on your debts to move to a new currency. The bonds can be sold off to the ECB everytime you claim a crisis, just to make it seem like it's the EU's fault. Basically free money for the government to pay for pensions. But it's unlikely you can so freely borrow money again for your new national currency to pay for your inflated pensions, so now you don't have an option except to inflate away its worth, but by that time, you've personally enriched yourself and it's not your problem anymore. That appears to be M5E and Lega's fiscal policy anyways.

Prev 1 1105 1106 1107 1108 1109 1413 Next
Please log in or register to reply.
Live Events Refresh
Next event in 28m
[ Submit Event ]
Live Streams
Refresh
StarCraft 2
Nina 238
ProTech70
StarCraft: Brood War
Hyuk 4661
Sea 4174
firebathero 992
Hyun 951
Larva 639
Backho 156
zelot 107
Mind 86
EffOrt 83
scan(afreeca) 65
[ Show more ]
sorry 47
Noble 42
Free 37
Sacsri 26
soO 19
Bale 11
IntoTheRainbow 9
Dota 2
XcaliburYe407
Counter-Strike
Stewie2K985
Heroes of the Storm
Khaldor222
Other Games
gofns5663
Happy194
SortOf156
Organizations
StarCraft: Brood War
lovetv 13
StarCraft 2
Blizzard YouTube
StarCraft: Brood War
BSLTrovo
sctven
[ Show 12 non-featured ]
StarCraft 2
• Berry_CruncH286
• AfreecaTV YouTube
• intothetv
• Kozan
• IndyKCrew
• LaughNgamezSOOP
• Migwel
• sooper7s
StarCraft: Brood War
• BSLYoutube
• STPLYoutube
• ZZZeroYoutube
Dota 2
• lizZardDota2174
Upcoming Events
FEL
28m
Krystianer vs sOs
SKillous vs ArT
MaNa vs Elazer
Spirit vs Gerald
Clem vs TBD
uThermal vs TBD
Reynor vs TBD
Lambo vs TBD
BSL20 Non-Korean Champi…
5h 28m
BSL20 Non-Korean Champi…
9h 28m
Bonyth vs Zhanhun
Dewalt vs Mihu
Hawk vs Sziky
Sziky vs QiaoGege
Mihu vs Hawk
Zhanhun vs Dewalt
Fengzi vs Bonyth
Sparkling Tuna Cup
2 days
WardiTV European League
2 days
Online Event
2 days
uThermal 2v2 Circuit
3 days
The PondCast
4 days
Replay Cast
4 days
Korean StarCraft League
5 days
[ Show More ]
CranKy Ducklings
6 days
Liquipedia Results

Completed

CSLPRO Last Chance 2025
Esports World Cup 2025
Murky Cup #2

Ongoing

Copa Latinoamericana 4
Jiahua Invitational
BSL 20 Non-Korean Championship
BSL 20 Team Wars
FEL Cracov 2025
CC Div. A S7
Underdog Cup #2
IEM Cologne 2025
FISSURE Playground #1
BLAST.tv Austin Major 2025
ESL Impact League Season 7
IEM Dallas 2025
PGL Astana 2025
Asian Champions League '25

Upcoming

ASL Season 20: Qualifier #1
ASL Season 20: Qualifier #2
ASL Season 20
CSLPRO Chat StarLAN 3
BSL Season 21
RSL Revival: Season 2
Maestros of the Game
SEL Season 2 Championship
WardiTV Summer 2025
uThermal 2v2 Main Event
HCC Europe
ESL Pro League S22
StarSeries Fall 2025
FISSURE Playground #2
BLAST Open Fall 2025
BLAST Open Fall Qual
Esports World Cup 2025
BLAST Bounty Fall 2025
BLAST Bounty Fall Qual
TLPD

1. ByuN
2. TY
3. Dark
4. Solar
5. Stats
6. Nerchio
7. sOs
8. soO
9. INnoVation
10. Elazer
1. Rain
2. Flash
3. EffOrt
4. Last
5. Bisu
6. Soulkey
7. Mini
8. Sharp
Sidebar Settings...

Advertising | Privacy Policy | Terms Of Use | Contact Us

Original banner artwork: Jim Warren
The contents of this webpage are copyright © 2025 TLnet. All Rights Reserved.