European Politico-economics QA Mega-thread - Page 423
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Nyxisto
Germany6287 Posts
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WhiteDog
France8650 Posts
On February 18 2016 08:37 Nyxisto wrote: I don't think it makes sense to define democracy along those lines,at least if you want to keep the positive connotation of the word, it's more like tribalism Well it's democracy in the traditional sense. For europeans like you, democracy doesn't need popular sovereignty, but can work with a few people - technocrats - defining the economic policy. Tho I'm not sure it's the mainstream definition of democracy. | ||
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Nyxisto
Germany6287 Posts
On February 18 2016 08:41 WhiteDog wrote: Well it's democracy in the traditional sense. For europeans like you, democracy doesn't need popular sovereignty, but can work with a few people - technocrats - defining the economic policy. Tho I'm not sure it's the mainstream definition of democracy. The mainstream definition and one that is most genuine is probably somehwere in the middle. Pure popular will defined along national lines can be more tyrannical than most other things. Nationalism didn't do a lot of good things to socialism either. The market and international economy have it's place in democracy and they've been a great liberator in many regards. I'm also no proponent of laissez-faire stuff but I don't think there is a contradiction between internationalism and democracy or if there is one we ought to accept it rather than defining democracy along national lines. | ||
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WhiteDog
France8650 Posts
On February 18 2016 08:45 Nyxisto wrote: The mainstream definition and one that is most genuine is probably somehwere in the middle. Pure popular will defined along national lines can be more tyrannical than most other things. Nationalism didn't do a lot of good things to socialism either. The market and international economy have it's place in democracy and they've been a great liberator in many regards. I'm also no proponent of laissez-faire stuff but I don't think there is a contradiction between internationalism and democracy or if there is one we ought to accept it rather than defining democracy along national lines. Democracy is what it is, power to the people, and that is not possible without popular sovereignty. That's it, you can argue against full democracy - which is what you are doing right now - but you can't say that real democracy is not full democracy but "probably somewhere in the middle". In reality, and historically, the opposite was true : we amended the free market to permit full democracy, like with Bretton Woods, that reduced capital mobility in order to permit stable foreign exchange rate and sovereign over the monetary policy. In the euro zone, there are stable foreign exchange rate, capital mobility and no sovereignty over the monetary policy : it is not really a democracy in the pure sense but somewhere in between a democracy and a technocracy, because the people have no sovereignty over economic policy. | ||
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silynxer
Germany439 Posts
On February 18 2016 08:41 WhiteDog wrote: Well it's democracy in the traditional sense. For europeans like you, democracy doesn't need popular sovereignty, but can work with a few people - technocrats - defining the economic policy. Tho I'm not sure it's the mainstream definition of democracy. I don't think there is a country where "few people - technocrats - defining the economic policy" doesn't describe the actual process of decisionmaking better than "the people decide economic policy". | ||
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xM(Z
Romania5299 Posts
http://uk.reuters.com/article/uk-ecb-policy-cash-idUKKCN0VK1K4 The amount of cash across the euro zone rose to more than 1 trillion euros ($1.1 trillion) last year, with almost 30 percent of it hoarded in 500 euro notes, ECB data has shown, as nervous individuals keep more of their money at home or in a vault. Cash in circulation is almost double the amount of 10 years earlier and has risen steadily throughout the debt crisis, a trend that reflects fears about the euro zone and its banks as well as exasperation with low returns on savings. Cash across the 19-country bloc climbed to 1.08 trillion euros at the end of last year, roughly 8 percent higher than at the start of 2015. ... The rush for cash effectively reduces deposits at banks, thereby weakening them. As cash in circulation rose last year, deposits edged up at only a quarter of the pace. The phenomenon is partly due to nervousness about the euro zone and its banks. Capital controls prohibit large withdrawals in Greece, where savers have hoarded tens of billions, after big depositors lost money in the country's financial bailout. ... "There are two issues: lack of trust in the banking system and concern about where to invest your money," said Stavros Zenios, an academic and former member of the Board of Directors at Cyprus's central bank. The data comes amid a debate about scrapping the 500 euro note. The head of the European Anti-Fraud Office has suggested banning it because it is used by fraudsters. Benoit Coeure, an ECB policymaker, told Le Parisien newspaper on Thursday that the central bank was considering the future of its largest denomination. Ditching the note, which could only be gradually phased out, may prompt savers to dissolve the more than 300 billion euros stored in 500-euro notes. "It has a major impact on the economy," said Zenios. "This hoarding is working against what the ECB is trying to do - get more liquidity into the system." hoarding ruining the economy. catchy do econ wizzes factor in hoarding when they do their infallible maths? | ||
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Dangermousecatdog
United Kingdom7084 Posts
On February 18 2016 08:23 WhiteDog wrote: Ok but... stable foreign exchange rate (so that money stays nothing but a veil, and does not impact on exchange) and free capital movement (absence of capital controls) = free market in its purest form ; and an independent monetary policy = political sovereignty / democracy. I wasn't really trying to be insulting to you (sorry if I did) but one can indeed believe free market (in its entirety) is not compatible with democracy (which needs popular sovereignty). Ok so you are just naturally contrary and don't mind appearing crazy to do so. You quoted someone only to talk about something else. You can talk all about the economic trillema all you want, when I am refering to a political trilemma put forth by Dani Rodrik, who is an economist at Harvard. I mean seriously. What is going through your mind? I genuinely want to know what is going through the mind of someone who quotes and disagree with an argument by deciding that the statement in question is something else! And not to do this once, but after being told by the quoted that he is refering to a different concept, goes and explains the irrelevant concept in words instead of a pictogram. There's something very closeminded about someone who can only talk in terms of concepts he is already familiar with. Upon his brain being exposed to a new concept (in this case a political trilemma) he goes and decides that the concept is actually a concept he is familiar with (the economic trilemma). Upon his attention being directed that he refering to a different concept, he decides that the concepts are the one and the same. | ||
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RvB
Netherlands6266 Posts
A cartoon in the Catalan newspaper La Vanguardia sums up the state of play in the prolonged struggle to form a Spanish government. A construction site worker brandishes a big metal panel in the shape of Catalonia and asks his boss where he should mount it, only to be told to leave that particular piece until last. "As you wish," he says. "But I'm warning you - it's very big and we won't know where to put it." The question of Catalonia and its surging separatist movement has become pivotal as Spain's political leaders try to thrash out a pact on a government after the most fragmented national election in decades. The issue is shaping up as a deal-breaker for any left-wing alliance and as a big stumbling block for a "grand coalition" involving the ruling People's Party (PP) and the Socialists, who agree that the region must not become independent but differ hugely on what should be the stance of the central government. The matter has become ever more pressing as Spain enters its third month in a political vacuum following the Dec. 20 election at a time when pro-secession Catalan authorities are trying to move forward with their so-called "roadmap" to independence. But parties in Madrid have so far carefully avoided getting deeper into the question. "They have it in mind but don't give it the attention they should given how important and significant it is," said Agustin Costa, a 47-year-old antique dealer by Barcelona's Gothic cathedral. Like Costa, many in Catalonia believe the separatist question is used by parties to make political gains but none of them is actually ready to agree on painful compromises and risk a backlash with voters, thus making any coalition deal unlikely. "Even Podemos, which is in favour of an independence referendum, seems to use this option depending on its political needs of the moment," Costa shrugged as he sheltered under his stall from a drizzle. The conservative PP, which won most seats in the election but lost its parliamentary majority, passed on its first chance to form a government and now the baton has passed to the Socialists. Their natural allies would have appeared to be the left-wing Podemos but for the Catalan question. Podemos has dangled the option of supporting a referendum on Catalan independence, a possibility backed by about 80 percent of people in Catalonia. The Socialists reject this however, with their leader Pedro Sanchez saying he is ready to reform the constitution to better accommodate Catalonia but would not form an alliance with a party that supported the break-up of Spain. Senior Podemos leaders have since blown hot and cold on the question of a plebiscite - a campaign pledge that helped them score a strong showing in Catalonia - even though the party said it would recommend voting against secession. "The Socialist Party is not going to accept a referendum on independence," said Miquel Iceta, head of the Socialists' Catalan faction, at its offices in Barcelona. If Podemos were to back down, it risks provoking internal divisions among its own Catalan contingent. uk.reuters.com edit: What WhiteDog is saying makes no sense anyway. THe Impossible Trinity is talking about a FIXED exchange rate. In what world does a free market have a fixed exchange rate? | ||
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WhiteDog
France8650 Posts
"I don't think there is a country where "few people - technocrats - defining the economic policy" doesn't describe the actual process of decisionmaking better than "the people decide economic policy"." Technocrats are in position because they have the status and the skills, they know the technic. In a democracy, the people are supposed to define the economic policy - either directly (direct democracy) or through their representative (that are not technocrats...). Elected representatives are not technocrats, whatever their skills are. On February 18 2016 19:34 Dangermousecatdog wrote: Ok so you are just naturally contrary and don't mind appearing crazy to do so. You quoted someone only to talk about something else. You can talk all about the economic trillema all you want, when I am refering to a political trilemma put forth by Dani Rodrik, who is an economist at Harvard. I mean seriously. What is going through your mind? I genuinely want to know what is going through the mind of someone who quotes and disagree with an argument by deciding that the statement in question is something else! And not to do this once, but after being told by the quoted that he is refering to a different concept, goes and explains the irrelevant concept in words instead of a pictogram. There's something very closeminded about someone who can only talk in terms of concepts he is already familiar with. Upon his brain being exposed to a new concept (in this case a political trilemma) he goes and decides that the concept is actually a concept he is familiar with (the economic trilemma). Upon his attention being directed that he refering to a different concept, he decides that the concepts are the one and the same. Can you explain me why your post is so stupid and why is it that you jump up like a virgin at something I said casually ? How about you pee and then come back, fresh and happy. Even took the time to apology, and you continue with your boring behavior. Don't cry so much, i'm closeminded because I refer to a concept I believe is relevant to what you said, and you're closeminded (and outright unpleasant) because you can't discuss without jumping around and showing the purity of your soul. By the way the concept is only irrelevant because you fetishise it and refuse to discuss it beyond its original definition. But whatever, go on with your life, and I'll go on with mine, I understood not to talk to the dangerous kitty. User was warned for this post | ||
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puerk
Germany855 Posts
On February 18 2016 20:17 WhiteDog wrote: Problem is most of you are ignorant as fuck and don't use your brain much so I'm there saying things and you respond stupidly and arrogantly, much like the dangerouscatmousedog. wrong horse to ride.... | ||
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WhiteDog
France8650 Posts
Yes I wrote that out of frustration in regards to some of the answers, and edited it. Still think some of the answers are outright boring to read, like misunderstanding the role of a stable currency in trading, then saying I don't make sense. | ||
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oneofthem
Cayman Islands24199 Posts
On February 17 2016 18:37 hfglgg wrote: heavily emphasize the importance of market controls - get a "free market crap" response. get an education and learn to read, will ya? never bother with that one. | ||
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Acrofales
Spain18221 Posts
http://www.theguardian.com/commentisfree/2016/jan/11/europe-turn-tables-bullying-britain-david-cameron-eu | ||
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xM(Z
Romania5299 Posts
i thought of a caricature charlie hebdo style but need immunity from prosecution here; i fear for my life. meanwhile http://www.ansamed.info/ansamed/en/news/sections/generalnews/2016/02/18/new-migrant-control-system-on-greek-macedonian-border_37b696a0-c484-475e-a684-5c5dd0d00240.html ZAGREB, FEBRUARY 18 - The heads of police forces on the 'Balkan route' used by migrants to the EU on Thursday reached an agreement in the Croatian capital for a new system to check, select and register migrants. The system will be used once only per migrant, on the border between Greece and Macedonia. The agreement - signed by police chiefs from Macedonia, Serbia, Croatia, Slovenia and Austria - calls for registration at the Greek-Macedonian border, where all biometric verification and identification procedures will be carried out on migrants to ascertain whether they are actually coming from war zones. Refugees from Syria, Iraq and Afghanistan will be taken to Austria, while the others will be pushed back to prevent migrants being sent back from one country to another - as has happened in recent days to about 200 migrants, who from the Austrian border were sent back to Slovenia and from there to Croatia and Serbia. Thursday's agreement will also make the journey much less difficult for thousands of migrants, since they will no longer have to repeat procedures at every border. The new regulations go into immediate effect, and all countries involved will send police to Macedonia. Those sent back will be put into refugee camps in Greece or Turkey. Merkel will back it up and ditch the turks but Greece is done for imo. | ||
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silynxer
Germany439 Posts
On February 18 2016 20:17 WhiteDog wrote: "I don't think there is a country where "few people - technocrats - defining the economic policy" doesn't describe the actual process of decisionmaking better than "the people decide economic policy"." Technocrats are in position because they have the status and the skills, they know the technic. In a democracy, the people are supposed to define the economic policy - either directly (direct democracy) or through their representative (that are not technocrats...). Elected representatives are not technocrats, whatever their skills are. Yes, but I am talking not about how a democracy is supposed to work but how modern countries actually work. First of all it's already questionable how representative elected leaders really are of the people and more, those who are in positions to define policy often are not elected at all but appointed. Those appointees in turn are served by technocrats (and sometimes might be called technocrats themselves) on every level of decision-making. Even the set of policies that can be chosen is by and large created by technocrats though there might be a broad direction from the political side. I have seen (not first bur second hand) how much technocrats influence policy on a local level and I am fairly certain that the higher up you go the more important they become. In this regard the EU works very similar to the member countries. There are appointees from representatives who with a team of technocrats make policy. Admittedly the decision-making is even further removed from the voter but this is a difference in degree and not in nature. | ||
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Gorsameth
Netherlands22103 Posts
On February 19 2016 02:33 Acrofales wrote: This whole Brexit debate is beyond stupid. Stop bending over backwards for those stuck up lobsters and rub their noses in the fact that they need the EU a hell of a lot more than the EU needs them. http://www.theguardian.com/commentisfree/2016/jan/11/europe-turn-tables-bullying-britain-david-cameron-eu Yep its a stupid thing since the start. Give concessions to Britain and soon another country will ask. And then the EU says no (because they are not as significant as England) and you get a whole load of pissed off people. If England wants out then point them towards the door and remind them what they lose when they walk out. Sadly the EU keeps trying to remind everyone how its a life long commitment and how no one can leave blabla, same shit as Greece, if people can't/won't commit to the rules then why do you think forcing them to stay will have a positive effect. | ||
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Gorsameth
Netherlands22103 Posts
On February 19 2016 02:37 xM(Z wrote: @oneofthem - sup Mr. Kim! i thought of a caricature charlie hebdo style but need immunity from prosecution here; i fear for my life. meanwhile http://www.ansamed.info/ansamed/en/news/sections/generalnews/2016/02/18/new-migrant-control-system-on-greek-macedonian-border_37b696a0-c484-475e-a684-5c5dd0d00240.html Merkel will back it up and ditch the turks but Greece is done for imo. It is telling how this check happens at the Macedonian border and not in Greece. Union my ass lol | ||
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xM(Z
Romania5299 Posts
Chancellor Angela Merkel said Wednesday that this week's EU summit will decide whether the bloc's deal with Turkey to stem the refugee influx should be pursued or abandoned in favour of a barrier along Greece's borders with Bulgaria and Macedonia. Merkel told the German parliament that the two-day summit starting Thursday would determine whether the current measures to fight the root causes of migration and to jointly secure the EU's external borders would be enough to bring the refugee crisis under control. The alternative would be to "abandon [this path] and close the Greek-Macedonian-Bulgarian border instead - with all the consequences that would entail for Greece and the European Union as a whole." The chancellor was referring to a suggestion from four Central European countries - Poland, Hungary, Czech Republic and Slovakia - that say Europe needs an alternative plan if the current measures fail. Their so-called "Plan B," which Austrian Chancellor Walter Faymann also advocates, calls for a barrier along Greece's borders with Bulgaria and Macedonia, which EU officials have warned would effectively exclude Greece from the visa-free Schengen zone. | ||
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RvB
Netherlands6266 Posts
Yes, a free market in the purest form have fixed exchange rate : it is the idea behind the gold standard, viewed as the best possible currency for trading (because it stabilize trading)... In exchanges, the money is supposed to be a veil, and thus should be stable enough not to impact on exchanges : an unstable currency create risks and prevent the market from functionning optimally, creating trading unstability. It is the same for Bretton Woods, that had fixed exchange rate in regard to the dollar (with a possibility to reevaluate the currency to a certain degree under certain circumstances) in order to stabilize trading. Yes you're right. My mistake. In a perfect free market you'd have a free banking system though so there'd be no monetary policy as we understand. So the free market can be combined with a democracy. | ||
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Gorsameth
Netherlands22103 Posts
On February 19 2016 02:55 xM(Z wrote: on the same topic http://www.albawaba.com/news/merkel-summit-decide-whether-scrap-eu-turkey-deal-favor-border-closures-807170 WTF You have 2 holes. Turkey and Greece. Why the f**** do you not fix both. What use is there to abandon the Turkey measures and secure the Greek border. Everyone is still coming in through Turkey.... Useless garbage | ||
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