Never Mind the Dutch

[punked]

Huh? Conservative?

Conservatives generally prefer the status quo or at most incremental change. Progressives always want to redesign the system, typically from the top down.

If anything, the European Union (and Greek membership) has been a progressive project. (How does tax compliance fit into that story? Dunno.)

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Conservative/progressive differences aside, IMHO, Greeks are at present overpriced. (Call this the Greek disease.) Moreover, with the euro, the Greeks have no easy way to lower their wages/prices across the board. Instead, Greeks must simply wait for their euro prices to fall willy-nilly - as various Greek governments re-negotiate "wage/pension contracts".

If Greece still had a drachma, a 20% devaluation (for example) would amount to an immediate 20% wage cut in all public employees/State pensions. Problem solved.

[in general, I agree with progressives - quick solutions are better than long, convoluted solutions. If the world is to change, the sooner the better. I just disagree with the progressive instinct to use the State for the change.]

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So, if you've been paying attention: the Greek disease is really a version of the Dutch disease. And Mulcair has a point: Quebec (nor Ontario, nor Newfoundland before Hibernia) has its own currency.

As Greece uses the euro, Quebec/Ontario/PEI/NS use a petro dollar.

We agree I think on almost everything. I was just pointing out some Cons around here are not as informed as you are and Scream Greece whenever anyone suggests solutions to our and the worlds problems. They are making this recession worse not better and need to inform themselves on the true history and causes of problems. As well as real solutions, firing everyone in your Economy is not a solution because you destroy your country.