Damn, was hoping for:
http://www.youtube.com/watch?v=y9_Xn9XL4A0

a fitting musical backdrop.

Definition of 'Austerity'
A state of reduced spending and increased frugality in the financial sector. Austerity measures generally refer to the measures taken by governments to reduce expenditures in an attempt to shrink their growing budget deficits.

Ehehehehehehehehe xD

I'm still amazed how everyone ignores that graph and still think we are doing 'austerity'.

The only possible counter argument could be that it's not adjusted for inflation and population. Still that argument is not valid because for austerity to create an economic contraction (following the Keynesian reasoning) only a fall in nominal spending matters.

I've read Krugman or DeLong countering that piece of data by expressing it relative to potential GDP and then they somehow came up with austerity in Europe. Well, if there's a will, there's a way.

It's all just a scheme to move public money (pensions, taxes, etc.) into the banks so they can fill up the tremendous hole they created with the derivatives fest.

the derivatives market you mention is now worth over $700 trillion.

The debt in the countries under assistance keeps rising as well, in spite of all the austerity. You can bet they'll keep playing the game for as long as they possibly can.

at higher interest rates too compounded with an absence of growth, high unemployment and no way to print their own money.

They're fucked, yes. :)

ppl @ bottom always pay. thats why u gotta climb up

how darwinian. the acquisition of wealth in a capitalist system is supposed to trickle down. so with big corporations posting bigger profits than ever, where is it?

the acquisition of wealth in a capitalist system is supposed to trickle down.

where did you get that?

trickle-down economics.

:)

United States politics

you should have stopped reading there :b

basiclly, the point of capitalism is to repe lower class and your government to maximize your own profit.

You can't have free enterprise without capitalism. I think you're confusing political systems with basic corruption. It's corruption that keeps the people in the lower classes from having proper chances to have a better life, and not capitalism by itself. Besides, any true capitalist wants his customers to have their pockets full.

capitalism is not a political system.

capitalism is the political system.

its economic system

by definition it is and perhaps with stronger government the distinction would be more clear.

No, it's an economic system, I know that. I was just suggesting that maybe the point of capitalism is not necessarily to repe lower classes. :)

i mean, obviously its not the point :D

but thats how it works in real life. as any theory/model its not worth a dime and its used because theres nothing better atm.

As long as people don't grow up, they'll either be fucking their neighbor, or getting fucked by him. It's not the system, it's the people reping themselves. ;)

true dat :-)

The sheer fact that you have the free time, the technology and enough wealth to afford that free time and that technology to spew out such nonsense the world over is the best argument for what little of free market capitalism we have in the modern world.

i got all these things because of free education in Poland, which is hardly result of sheer capitalism.

You'd be working your ass off in a field or in a factory like children used to basically until mid XIX century until enough capital was accumulated to make adult labourers so productive that their children can stay at home and the whole family not die of hunger.

The only thing you've got from government education is a load of anti-capitalist propaganda (Yeah I got that too) and the urge to speak out on topics you have no clue about without being ashamed.

Or it is because of technical progress and abusing 3rd world countries so we can live the standard we have right now ;). It sure does work for us, doesn't it? But hey rather them than us, right?
Poland can be glad that we added Rumania and Bulgaria. Oh boy they will have to pay for the standard u have now. Capitalism, fuck yeah.

(I'm not against it, it just doesn't work like it should be)

Technical progress doesn't come down to us like manna from heaven. Are you aware that we in Poland basically have the same technology as Germany? And so does Kazachstan? The thing is that to implement technical knowledge you need to have previously saved resources to turn them info productivity-enhancing capital goods and that is what takes decades of capital accumulation to achieve, not sending a few dozen engineers to a 3rd world country to turn them into USA (Yes, that has been tried and failed miserably)

Your other "argument" about abusing 3rd world countries doesn't hold even on its own flawed terms as Germany has a trade surplus with China (the Chinks are exploiting ze Germans!!!), so the whole paragraph boils down to you essentially talking out of your ass.

go read about industrial revolution and its influence on society :-)


steam power, not capital accumulated!

Read what? The fairy tale about steam power is presented as the explanation for industrial revolution in the most rubbish history books for elementary school. Is that your literature? Holy smokes you've got me good.

It's you who is clueless about economic history and you won't get away with that using your idiotic pseudoclever sound bites as long as I'm willing to respond.

guess we got a teenage rebel here

Still, better that than a hipster zombie.

Tell me more about all the earth shattering intellectual experiences you've had when reading a history textbook.

well it's a theory more than anything that applies to not just the us but our global economic system. the banking sector that speculates to make profits provides very little to those at the bottom yet other productive forms of business do make more of a difference to the lower class in the capitalist system.

It's a theory that doesn't have any adherence to reality. Maybe it's true in Sweden or one of those northern countries, but not for the majority of the planet.

an unreality for sure.

so, ur ok with adidas moving all the factories to china because of lower labor price?

why would i be?

other productive forms of business do make more of a difference to the lower class in the capitalist system.

basiclly everyone wants to run away(READ: lower costs). if they could they would pay you 2 euros a month, and sell their goods to rich ppl

so an adidas factory doesn't improve the chinese economy?

no, they communists :D

it has no impact on you, as you still pay same price for your shoes.

right what i'm saying is no single country has a right to the benefits capitalism can provide. the system follows the cheapest means of production and the fastest growing markets. in some ways it is beneficial to all developing countries. the mess left behind (me paying for overpriced shoes) is a different matter.

inb4 some welsh person raging about immigrants

I'm sorry I don't like millions of scum flocking to my country who end up draggging it down further to escape the country they fucked up.

Coming from Eastern Europe, I can see how my comments might upset, but stay home, you're not welcome here.

Sorry to burst the dream and you have to work all week for what I spend on a curry.

Try Germany, France, Italy, Spain, I hear you'll get a low welcome there too, living 12 to a house, keeping jobs paying low and zero hour contracts and forcing indigenous people to 'compete', while you can save for a few years then fuck off back home where your money is worth something.

GO AWAY. THE DOOR IS CLOSING AND PRETTY SOON THINGS WILL CHANGE FOR YOU. YOU HAD YOUR FEED!

in after some welsh person raging about immigrants

Quite the opposite actually...
http://news.sky.com/story/1149678/italy-migra...g-over-100

you should read about the golden dawn in greece if you haven't already. facist uprising gaining popular support. they advocate similar things to you. excluding violence which i wouldn't assume you approve of, they want a deportation of all immigrants and even go as far to offer food to the hungry populace... well if you're greek. how would you feel about a likewise uprising here in britain?

Immigrants (to the unskilled level) I am talking about in the UK are more of a hindrance than a blessing, it has nothing to do with being a fascist.

Its about rats trying to leave their sinking ships of a country and capsizing the one's they go to.

This will only ever end in violence, this is why people need to stop jumping ship, things are worse in Greece, so it does not surprise me one bit, its perfectly natural and acceptable for indigenous people to protect their livelihood by any means necessary if their own GVT are not doing it for them.

There is a time and place for everything, including violence.

you show a lack of empathy for your fellow human beings. the unskilled workers you claim are capsizing the ship are far outnumbered by the amount of white british folk living off the state. it's true in my experience that immigrants who come here legally do more for the economy than you give them credit for. i live in a city where white british is a minority. how do i feel about that? frustrated but i guess the best place to direct that frustration would be the government.

"you show a lack of empathy for your fellow human beings."

No you do, you are the one willing to sacrifice the lives of indigenous people to help make the lives of ousiders who don't even care about the country better.

Many white people are out of work BECAUSE of immigrants.

Immigrants keep pay and conditions low, and because many of these immigrants can earn good money and take it home to a country where its worth something, they are obviously going to be work harder and are happy to live in squalor for a few years.

Real British people are then forced into a situation where they either have to compete, or stay on benefits. For the wages many people are on, there money and perks they get on benefits is often better than working.

The GVT do not listen, which is why more "right of the middle" groups are and will continue to gain power, you can only screw over your people for so long before they revolt.

And to cap it off people in the UK are then told by their own GVT that immigrants are better than them!

They are being sold out by their own GVT, who are in turn nodding dogs for the EU. Its going to end in tears.

describing people leaving difficult circumstances to have a better chance at life by naming them rats is hardly compassionate. while I accept there are people unfortunately out of work here, there are plenty of indigenous people preferring their life on benefits and pop out kids like it's going out of fashion because it pays to do so, placing a burden on the state. the majority of those jobs that were taken were available for white brits too you know?

Its clear you're either an immigrant or one of those left wing idiots.

There is a problem with immigration, whether you like it or not, oh and btw the birth rates among immigrants are way higher than native brits and like I said, many native brits are not working because immigrants keep the jobs and conditions paying so low they are better off on benefits.

Immigration is mostly a one sided investment, the stronger countries are being weakened by the crappier ones all heading here with everything to gain and nothing to lose. I seriously doubt if I moved to Eastern Europe the gains would be the same.

Its not even up for debate immigration is the single biggest issue on voters mind and the one politicians keep trying to avoid.

ROFLMAO, why are you so butthurt by Eastern European countries??If you dislike immigrants so much, maybe ur government should drop the commonwealth thingie, its outdated anyways.But maybe ur just upset because Gambia already gave you the finger and EU couldnt care less if you stay or go as commission is fedup by your extortionist privileges anyways.Lastly, just so you know many Brits do have a dream of buying private property down here and moving eventually.. and why wouldnt they, you pay good money as tourists anyways, besides we welcome everybody, unlike you xenophobic fatfuck.

neither but well done, putting me in a box obviously makes things easier for you understand. yes people come here for a better income and in doing so pay taxes, improving the economy. why is that hard to understand? your problem is you think the country owes you something. it doesn't. the wages are low and that has been a trend for a long time. what you have is an ongoing recession, educated people dropping out of work into lower skilled jobs and people at the bottom scraping for what's available. immigration has made this situation tougher but if I was an employer I would pprobaby hire a pole. they fucking love work. what's the situation like in wales by the way? you seem to be talking generally.

don't worry about the birth rates, look at france, someday in the future they will be your new elite in sports

"No you do, you are the one willing to sacrifice the lives of indigenous people to help make the lives of ousiders who don't even care about the country better."

LOL, this coming from the guy that had Bristish/American flag on ESR.

"you show a lack of empathy for your fellow human beings"
From the discussions I hear every day over 75% of the guys here who say that they want to go in the West are saying something like "I am planning to go in ___insert a western country here____ to steal to make money. "No, go to work or better don't go at all, I say. If you are not able to get yourself up with few money you won't be able to do anything with much money either because it is all about discipline, intelligence and hard work." They pretend that I am right but they won't change their mind.

I am of the few who did not run away and I will not run away. I'll stay. Even if this place will become some day the second Stalingrad. I'll stay. I wish you western people pick up all your shitty money and investments and stick your living conditions and your superior morality all up your arses. I don't want your help money or investments or anyone else's for the matter. When you will hear about me going to a bank to borrow money that will be the day. I will be the 1st to vote against the EU if we will take this stance. I don't want nor need you. Cooperation and good relations? Fine! Unity for a superior cause? Say what? Who is the damn lunatic who believe that thousands of years of history can be erased for the good of a future race in a future global country, just because we are in 2013? What is so damn special about the 21th century that we are suddenly so much superior? Nothing! What changed from a few hundred years that we need now to get changed in a superior way? What is superior after all, if your mentality is toward deconstruction of all the differences? After all, if you analyze the way people are and the way people were a few hundred years ago, the conclusion is quite simple: they were better people. They were better people in all the aspects, only they did have a smaller database of knowledge: they were better architects, better actors, better politicians, better musicians, better Christians and generally had a better culture. If history should teach us something then this is that we should think about ourselves as perfectly capable to go on on our own without the need of a Big Brother or the Arab states or foreign working force -what are robots for? did Western propaganda not talk on end in the '60s how the robots will reduce the need for brute working force? Nor do we need the guidance of the out-of-reality US or France of Germany.

But most of the people do not think here the same. They are stupid. They have been infected by the globalist propaganda which is encouraging opportunity against earned wealth, adventure against living in dignity and working hard, and defensive attitude and a general sense of uselessness against offensive action and believe in yourself. Wake up in a morning in a country in Eastern Europe, be weak, believe in these ideas and you are finished: you will immigrate automatically.

There are winners, there are losers and there are people who endure. Those who immigrate are usually the losers. Whether we talk here Romania, Ukraine, Slovakia, Bulgaria, Pakistan, Egypt, Iran and so on.

So your empathy for your fellow beings is just a communist concept who says that giving things to the poor would be a good thing. Helping those who do not work because they do not want to, who are stupid, lazy, crazy, making 10 kids who they will never be able to give a proper education and who will have nothing after inheriting the goods of their parents/divide everything by 10. Look at the Africans. They all complain that they are poor but they seem to not even have enough time to pick up the 10 meters high garbage that is pilling up close to their door. Cultivating their gardens? Pfff, what an alien concept! This is so... medieval!

Your ideology is against natural selection and as any other thing that is working against nature sooner or later it will die. The thing that people must take care is that this thing will die before killing everybody along its decomposing. How was that slogan? Together we will win -OR FAIL...??

He's not just an ordinary Welsh person, he's won a BAFTA. Never forget!

lol

Yet when you get those hemoroids, from sitting all day long behind your pc trolling on esr, first thing you do is take a visit to that poor paki immigrant at your local hospital.Clearly you have no problem then taking your pants off and get sodomized by him shoving that scope up your ass.At that point you thank to god for having filthy immigrant, educated, but filthy nevertheless, because now, he will finally relieve you of pain.

Its natural for you to feel angry at the reality of my statement and subsequently try to repair that anger via some petty route at my expense.

to some degree, you're a fucking immigrant aswell, welsh trash

and i'll skip how lowly payed immigrants keep UK's economy in decent shape, as obviously its beyond you.

http://www.express.co.uk/news/uk/421481/Chang...-boys-name

hehe

England is not your home country, not by where you come from (Wales) nor by first language (Welsh). That is the whole point of quake is potat: you are an immigrant in Britain raging about other immigrants in that same country, which is quite fun to read.

Also it has to be said you live in England because your brother lives there, since you live at his place. That matters not because of the erga omnes rhetorical fallacy, but due that immigrants are quite admirable people when they establish in another country by their own, which isn't your case yet you criticize them anyway. Two strikes.

Finally, I think you constantly post that opinion for one of these two reasons, both quite flawed:
1.- Get attention (by being a retard).
2.- Feel better about yourself (entitled by something that doesn't apply or belong to you).

So he lives in Swansea (Wales) or England?

you can always break free and live a hippie life, i read that dropout communes are rising again like they did in the 60s and 70s. as long as you are only responsible for yourself dont give money a meaning and they have view power over you. #yolo