2012-11-17T16:58:54+0000

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Global economy

Gerry Davies

3 Comments

  1. Why are democratic countries so pathetic when it comes to managing their money sustainably? – Der Speigel

    Democracy by definition means the government by people. That means that all the people should be able to have their say in one way another in everything that affects their lives. So when the government in debt, the people represented by the market will want to have a say in managing the money/debt. Too much opinion becomes no opinion. Chaos follows. Sustainability becomes a joke.

  2. The people? They don’t get the say they should. Here in Cali, anything really important we have to do by voter ballot initiative. Otherwise, the pols can’t get out of their own way.

  3. Yeah, basically any lunatic poses a new tax to fund some stupid pet project (green energy that goes nowhere, organic food, money for schools that gets wasted, etc.) and once it’s in place it takes forever to undo. Meanwhile, civil liberties like cannabis legalization and civil-unions for all get shut down. This state is full of phony, stupid hypocrites.

    I say this btw, as a guy who would stand to benefit personally considerably from research grants for green energy and more money for public education. Still doesn’t make it right that taxpayers have to pay our administrators unjustifiably huge salaries while the actual people in the research trenches get very little. Don’t believe me? Go look up the UC system’s pay — look at what a basic _tenured_ professor (i.e. someone the university wants to keep!) earns and look at what Mark Yudof earns.

    I hope California goes bankrupt just to shock the system into figuring out its priorities.

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