For Europe's Middle-Class, Stagnant Wages Stunt Lifestyle »
Posted by: TechnologyExpert 3 months, 1 week ago47 CommentsReflectReport this Story
The European dream is under assault, as the wave of inflation sweeping the globe mixes with this continent's long-stagnant wages.
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DropkickaLib3 months, 1 week ago
So much for the dream of a socialist utopia! Couple the current economic crisis with a top-heavy social welfare system and you have the formula for disaster.
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hyperbola3 months, 1 week ago
Actually I visit Europe fairly often. The middle class there is MUCH better off than in the US. For example, in contrast to the US, standards of education are still rising in Europe, whereas the current generation of americans is less well educated than their parents. Europeans also have MUCH better medical care than the middle class in the US.
We will probably see a lot more of these kinds of stories in the US - our corrupt elite are worried whether they can keep us dumb and docile while they continue fleecing us.
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hyperbola3 months, 1 week ago
The Great Silence
Our Gilded Age and Theirs
... Mark Twain would feel right at home today. Crony capitalism, the main object of his satirical wit in The Gilded Age, is thriving. Incestuous plots as outsized as the one in which the Union Pacific Railroad's chief investors conspired with a wagon-load of government officials, including Ulysses S. Grant's vice president, to loot the federal treasury once again lubricate the machinery of public policy-making. A cronyism that would have been familiar to Twain has made the wheels go round in these terminal years of the Bush administration. Even the invasion and decimation of Iraq was conceived and carried out as an exercise in grand-strategic cronyism; call it cronyism with a vengeance. All of this has been going on since Ronald Reagan brought back morning to America.
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doppich3 months, 1 week ago
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hyperbola3 months, 1 week ago
Perhaps the tipping point has already passed without our corporate media telling us.
A Trillion Dollar Rescue for Wall Street Gamblers
Money â;; If the move to a Unitary Executive of unfettered presidential power frightens you, America's radical right turn to Unitary Finance should compound your fears--and your debts as well. We are on the historical road to serfdom: debt peonage to a financial oligarchy concentrating wealth in its own hands.
http://money.propeller.com/story/2008/04/15/a-t...
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hyperbola3 months, 1 week ago
Well drop, here is the current comparison for you. But then, why compare to Europe. Life expectancy is now longer in Bangladesh than in Harlem.
Top 5 Myths About America
MYTH 4. The US doesn't need improvement compared to other countries; it is the greatest country in the world.
TRUTH:
Wrong again. I'll only cite the statistics here.
USA Ranking on Adult Literacy Scale: #9
(#1 Sweden and #2 Norway)- OECD
USA Ranking on Healthcare Quality Index: #37
(#1 France and #2 Italy)- World Health Organization 2003
USA Ranking on Student Mathematics Ability: # 24
(#1 Hong Kong and #2 Finland)- OECD PISA 2003
USA Ranking of Student Science Ability: #19
(#1 Finland and #2 Japan)- OECD PISA 2003
USA Ranking on Women's Rights Scale: #17
(#1 Sweden and #2 Norway)- World Economic Forum Report
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hyperbola3 months, 1 week ago
USA Ranking on Life Expectancy: #29
(#1 Japan and #2 Hong Kong)- UN Human Development Report 2005
USA Ranking on Journalistic Press Freedom Index: #32
(#1 Finland, Iceland, Norway and the Netherlands tied)- Reporters Without Borders 2005
USA Ranking on Political Corruption Index: #17
(#1 Iceland and #2 Finland)- Transparency International 2005
USA Ranking on Quality of Life Survey: #13
(#1 Ireland and #2 Switzerland)- The Economist Magazine ...Wikipedia "Celtic Tiger" if you still have your doubts.
USA Ranking on Environmental Sustainability Index: #45
(#1 Finland and #2 Norway)- Yale University ESI 2005
USA Ranking on Infant Mortality Rate: #32
(#1 Sweden and #2 Finland)- Save the Children Report 2006
So much for those "socialist" Europeans and those "backward" Asians, hm?
http://www.craigslist.org/about/best/sfo/163437...
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Lurch3 months, 1 week ago
dkl,
> So much for the dream of a socialist utopia! Couple the current economic crisis with a top-heavy social welfare system and you have the formula for disaster.
Wow.
We in the US have been there for years. They are only starting to catch up to our situation, and you try to blame socialism. He!!, they have what we have plus universal healthcare, 2.5 times as much vacation (which they actually get to use and enjoy), free university education, and decent retirement. When all costs figured in, we pay way more and get way less.
The only top heavy economy there is in the world is the US won. The US middle class has been carrying the dead weight at the top of our socio-economic pyramid since the 1980`s went common sense went out of style.
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DropkickaLib3 months ago
European countries have an aging population with a massive social welfare system. Wait ten years and let's see if you'll make the same post extolling the virtues of the socialism.
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walden33 months, 1 week ago
Great story for May Day. May the workers of the world unite.
"...are the millions across the continent grappling with the realization that they may have lives worse, not better, than their parents."
It's the same in the US. No longer can one person put bread and bacon on the table or buy a home. Both parents need to work and even then most are barely scraping buy. Wages are stagnant prices are not.
"The hourly earnings of some men -- and not a trivially small group -- have done poorly over the last few decades. As shown above in the graph, the typical married man in his prime earning years, age 25 to 54, saw his real median wage fall a couple of percent from 1979 to 2006."
http://www.alternet.org/workplace/83349/
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saintetienne3 months, 1 week ago
"May the workers of the world unite."
....and open up their OWN businesses, so that they can be "The Man" for once. Maybe they'll realize that it ain't no picnic running a business, employing people and paying their wages and benefits, paying beaucoup taxes to the government, dealing with governmental regulations, restrictions and tariffs, not to mention fierce competition, having to constantly upgrade your capital to stay productive and competetive.... are you getting my point, waldrip? Why do you always feel there's some "conspiracy" against the "little man" by the "evil, greedy, business bastards"?
Maybe these "united workers" should just be grateful, for once, that they have jobs, and GET BACK TO WORK. There's plenty of people on the breadlines who would be glad to have their jobs.
May Day.... Immigrant Workers Day.... WHAT A JOKE. SHUT UP AND GET BACK TO WORK!!
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Wolfie20073 months, 1 week ago
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hyperbola3 months, 1 week ago
Actually the kind of corrupt crony capitalism that we have now has failed everytime.
The Republican Erosion of America
Politics â;; Prior to the rise of the radical right 30 years ago, America was the most innovative, prosperous, vital nation on Earth. And it wasn't just an obscenely rich fraction of 1% skewing the numbers, either...like it is today. Republicans are rogues and rapscallions who took a hearty, robust economy envied by the entire world and ran it into the ground.
http://politics.propeller.com/story/2008/04/29/...
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Lurch3 months, 1 week ago
Capitalism is the greatest engine of industrial power ever created.
Unchecked capitalism is the greatest engine of inequality and indentured slave labor ever created.
BTW, you need to check Hyperbola`s list of top nations above. Every country in the top spots is socialist by the typical Right-wing definition.
Broad generalizations often don`t fair well, this is one of those cases.
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crespi3 months, 1 week ago
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Lurch3 months, 1 week ago
Here`s an interesting article on how the FED is bailing out their member banks to the tune of hundreds of billions in added costs to our economy and to the consumers by devaluing the dollar while giving themselves free money.
http://money.propeller.com/story/2008/05/01/the...
Tell me again how it is all the fault of the American worker...
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Lurch3 months, 1 week ago
The FED is the most bloated and inefficient bureaucracies ever created. The proof is in the FED itself. Look at the map.
http://www.federalreserve.gov/otherfrb.htm
Ask yourself this simple question:
If region #12, which compromises about 1/3 of all American land, only requires one bank, why does the other 2/3 require 11 banks?
Long before anybody gets rid of the IRS or any other federal agency, we need to get rid of the FED, the most bloated, inefficient, and counter-productive pseudo govt agency ever invented.
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hyperbola3 months, 1 week ago
The Fed is a private agency. It is also a "carrier mechanism" for doing away with yet more aspects of american democracy.
A Trillion Dollar Rescue for Wall Street Gamblers
Money â;; If the move to a Unitary Executive of unfettered presidential power frightens you, America's radical right turn to Unitary Finance should compound your fears--and your debts as well. We are on the historical road to serfdom: debt peonage to a financial oligarchy concentrating wealth in its own hands.
http://money.propeller.com/story/2008/04/15/a-t...
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Lurch3 months, 1 week ago
The Fed is private in so far as it was created by bankers for bankers profits.
However, the revenue stream is anything but private. The FED makes its revenues through a US$ printing monopoly right.
There is no reason for a for-profit privately held concern to control our economy and dollar value. We don`t even get licensing fees from the Fed for the use of our country`s name! Instead we have to pay for them to profit off of our country and our work.
Every dollar they print out of thin air means you and I have to work that much harder to maintain the same quality of life because the print-like-theres-no-tomorrow policies of the Fed are driving up inflation while driving down the value of the dollar in intl exchanges.
You and I pay rent to them on our own labor.
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