Author: admin

Socialism tends to breed laziness just as capitalism tends to glorify greed. It helps to establish the limits of these ideologies when you experiment with them.

The outcome of the recent EU parliamentary elections happened because of the debt crises that started in Greece. Simply put, EU’s debt crises happened because the EU and its single currency is a socialist expression of a capitalist desire.

Most EU member nations and their people treasure the social justice, welfare and equality socialist governments pursue. They detest individualism, competitiveness, and the desire to excel, which are the very traits of one who would most likely excel in a capitalist society. While most Europeans admire the socialist agendas, they love and crave for the improvements and amenities capitalism bring.

I think the Euro is a necessity for post-Cold War Europe in this day and age of globalization. The idea is not to “make a Greek into a German or a Spaniard into a Swede” but to make them all Europeans. Socialism has its limits and it cannot change the culture and values of a nation and its people. There are worse alternatives to having a single currency for EU members. 

The Greek debt crisis officially started in Oct. 2008 when the global recession arrived in Europe. This recession started on April 8, 2008 as the subprime meltdown ricocheted from Germany. See: 2007 Perfect Storm Over Europe and Financial Dunkirk Revisited –  https://www.nedmacario.us/2014/05/31/2007-perfect-storm-over-europe-financial-dunkirk-revisited/

 

 

 

 

May 31, 2014

The WAIS discussion on the results of the recent EU parliamentary elections could be traced to Richard Hancock’s post of June 2, 2007. See: Books: *The Last Days of Europe* by Walter Laqueur (Richard Hancock, US, 06/02/07 7:53 am) http://waisworld.org/go.jspid=02a&objectType=post&o=15557&objectTypeId=9807&topicId=1 

In one of my June 4, 2007 e-mail comments  I compared this period prior to the 2007 Perfect Storm to the “Miracle of Dunkirk” in 1940.   The scenario is similar after the Dunkirk evacuation, as in after Tony Blair leaves 10 Downing Street. Gordon Brown is also from the Labor Party. It will take a conservative like David Cameron to create the safe haven in London where the French free marketeers would seek refuge.

Other comments were:
– Actually the best time to write this (forecast/prediction) is on June 21, 2007 by then at least one more news story would be out and this discussion would be more relevant. (See last news article. The impact date of Friday, Sept. 28, 2007 was made and stated on June 4, 2007 e-mail.

The 2007 Perfect Storm Over Europe & Financial Dunkirk is in fact nothing more than a prediction when the subprime mortgage crisis that started in the U.S. on Mar. 15, 2007 will impact Europe. (See: Real Estate Forecast 15 Dec. 2006 Impact date: 15 March 2007 ( https://www.nedmacario.us/real-estate-forecast-15-dec-2006-impact-date-15-march-2007/ )

Below is the news story I was waiting for back on 4 June 2007 when I wrote: “Actually the best time to write this (e-mail) is on June 21, 2007 by then one more news story would be out and this discussion would be more relevant.”