CAPITALlessISM
#-5- Why are austerity measures wrong and outdated?! …..a short lesson on AUSTERITY.
By Dr. Anthony Horvath
We should maybe forget about spending cuts …instead focus on inducing spending by quotas and introducing money circulation/saving regulations. At least this just another opinion of the author of a new controversial economic phylosopy, CAPITAL-less-ISM. soon to be published. http://www.capital-less-ism.com/ In this dynamic model, the economy is viewed as a gigantic capital-as-information circulating system much the same way as the blood is circulating in the human body. In my humble opinion we must not drain the blood from a person already suffering from anemia. What do you think?
There must be other methods to stimulate the economy of a crisis stricken weak nation then …AUSTERITY MEASURES
‘’…Austerity Has Failed: …. an Open Letter From Thomas Piketty to Angela Merkel…’’
Five leading economists warn the German chancellor, “History will remember you for your actions this week.” By Thomas Piketty, Jeffrey Sachs, Heiner Flassbeck, Dani Rodrik and Simon Wren-Lewis
‘’….The never-ending austerity that Europe is force-feeding the Greek people is simply not working. Now Greece has loudly said no more. … Global campaign group Avaaz organized this open letter to Angela Merkel on the back of a petition, signed by over half a million Europeans, demanding an end to the failed austerity program in Greece….. As most of the world knew it would, the financial demands made by Europe have crushed the Greek economy, led to mass unemployment, a collapse of the banking system, made the external debt crisis far worse, with the debt problem escalating to an unpayable 175 percent of GDP. The economy now lies broken with tax receipts nose-diving, output and employment depressed, and businesses starved of capital….’’
FORGET ABOUT AUSTERITY PROGRAMS, QUITE THE CONTRARY, CREATE SPENDING REGULATIONS TO INDUCE CAPITAL CIRCULATION WITHIN THE NATION .. BOOST NATIONAL JOB AND ENTREPRENEURSHIP CREATION. Instead of cutting spending, quite to the contrary induce spending thus capital circulation. Stimulate the creation of micro, small, and medium entrepreneurship programs with democratic E-capital access. Protect national entrepreneurs and consumers from the predatory practices of GLOBALIZING “FREE TRADE” and from “FREE MARKET” ADVOCATE GIANTS. Reduce capital flight and regulate imports. Well, isn’t it what any first aid nurse would do to an injured person …STOP THE BLEEDING FIRST ….
THIS IS HOW THE ECONOMIC SUPERBOWL WORKS IN REALITY
Under austerity measures MANY NATIONS WILL EVENTUALLY BECOME ECONOMICALLY HANDICAPPED, caused by the never ending down-spiraling INDEPTMENT cycles: of increasing interest payments AND capital flights, which are then causing decreased national revenues, which causes decreased government spending. Then to compensate it causes an increase of taxes, which in turn is causing decreasing individual-entrepreneur revenues, causing more unemployment, causing increased social costs and more financial burden on the national budget. So slowly the wheel is turning back INCREASING NEEDS FOR MORE LOANS to compensate for the loss of capitals.
Do you want solutions instead of the magic AUSTERITOID pills? No AUSTERITY-STEROID pill in the world is going to improve Greece’s or Spain’s 50% unemployment rate.
