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FAILED


World  (tags: Mark Weisbrot, Eurozone, European economies, unelected authorities, economy, workers, working class )

Sheryl
- 926 days ago - therealnews.com
CEPR economist Mark Weisbrot says the failures of the Eurozone and European economies are due to unaccountable, unelected authorities who have taken control of fiscal policy in order to remove social and economic protections for ordinary people.



   

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Sheryl G (359)
Saturday September 3, 2016, 9:44 am
Part 1 is at visit site.....

Part 11 is Here
CEPR economist Mark Weisbrot says the collapse of the IMF's power over low and middle-income countries is one of the most significant changes in the international financial system

Part 3 is Here
CEPR economist Mark Weisbrot dispels the myths surrounding Latin America's historic elections of left governments and their implementation of anti-poverty and social programs

We as the working class need to know......take some time over Labor Day.
 

Sheryl G (359)
Saturday September 3, 2016, 9:48 am
It would be nice Nyack if you offered your opinion AFTER WATCHING.

I just placed a THREE HOUR series on and you had an OPINION on it after less than a minute after it was posted.

In fact, so quickly, I didn't even have time to post the OTHER 2 PARTS.

Is too bad you just fluff over important topics so QUICKLY. I'd rather people come BACK and comment at a later time, or note it and bookmark for later.
 

Sheryl G (359)
Saturday September 3, 2016, 9:51 am
** Sorry a ONE Hour Series.....still you couldn't of watched in a minute or two. Nor read the transcript that fast.
 

Leo C (312)
Saturday September 3, 2016, 9:57 am
Thank you for the Info.
 

JL A (281)
Saturday September 3, 2016, 10:05 am
Thanks Dandelion--I will watch later. In the meantime I will share my recollection that the IMF recently identified the neocon/neoliberal policies prescribing austerity (often AKA reducing and/or severely limiting social programs for the poor and middle class) had failed miserably and needed to be abandoned for economic stability and sustainability.
 

JL A (281)
Saturday September 3, 2016, 10:14 am
And I'll add the introductory statement for good measure (for those who do not bother even looking at the actual posts):
'FAILED: What the "Experts" Got Wrong on the Global Economy' - Mark Weisbrot (1/3)

CEPR economist Mark Weisbrot says the failures of the Eurozone and European economies are due to unaccountable, unelected authorities who have taken control of fiscal policy in order to remove social and economic protections for ordinary people
 

JL A (281)
Saturday September 3, 2016, 10:16 am
Finally, I will add that the US is set to repeat these problems in Puerto Rico where Congress insisted on this failed model (Sanders was the most outspoken in opposition to the unelected board).
 

Sheryl G (359)
Saturday September 3, 2016, 10:23 am
Weisbrot: "I want to say, I think, at the outset, though, that this is something that should get more attention than it does. If you think about it, I don't think there's been any time in history where a whole set of progressive governments were elected and implemented progressive changes.

You know, if you look in developing countries, if you look at the progress that's taken place, hundreds of millions of people were pulled out of poverty in China, for example. But that was not a democratic government. South Korea had an economic miracle. That was a dictatorship for most of that period.

And so you don't really have this, you don't really have much of this in the history. So it's something that people should pay attention to. And yet it's been reported almost universally negatively in the international media."
 

Sheryl G (359)
Saturday September 3, 2016, 10:41 am
If you don't open the links then why bother to offer an opinion on something you don't even know what is being discussed. You can't take a full HOUR discussion about WORLD economics, the IMF, discussions of Greece, also other Countries in Latin America, Brexit, and a host of other interwoven information.

I don't go onto threads unless I read or watch what was presented, I try to have a discussion or a debate on the topic at hand -

Offering an opinion on something that you ASSUME it is about makes an ass out of you and me if I have also not read or watched it; which I did.

So note it you want, but don't be the first one on the thread offering an opinion that might have nothing to do with what is posted. So if you trust NOTHING I post why do you keep coming around then? Offering an opinion on something you have not watched or read?

Headlines and summaries are simply that a small tip of the iceberg which when a topic is fairly simple man beats dog, might work, not when you are discussing the current world economics. You speak of crap well I am tired of your crap of hoping on, offering your opinion that may have nothing to do with the article and throwing the article off at the beginning. You act like a know it all but you know nothing if you don't read or look at the articles and you state you never do because you never seem to trust or view anything I post. So I can only see you do it as an annoyance.

"It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt." - Mark Twain

“Opinion is really the lowest form of human knowledge. It requires no accountability, no understanding. The highest form of knowledge… is empathy, for it requires us to suspend our egos and live in another’s world. It requires profound purpose larger than the self kind of understanding.” Bill Bullard

Now go have your pity party, you always do, oh gee everyone is picking on me.
 

Past Member (0)
Saturday September 3, 2016, 10:57 am
Thanks for sharing Dandelion, bookmarked to read later.
 

Past Member (0)
Saturday September 3, 2016, 11:00 am
A green star @ Dandelion for quoting Mark Twain.
 

Sheryl G (359)
Saturday September 3, 2016, 11:02 am
True it mentioned in the article that 41 countries that signed, had operating under IMF agreements towards the end of 2008, and 31 of those had what we would call, economists would call pro-cyclical policies. That is, policies that made the economy worse.

It is such a shame that so many have to suffer and it is so not necessary and the IMF and others know it is not necessary....yet they continue on. Yet in Countries where the IMF was kicked out they had better results.

In Ecuador whose President is an economist and perhaps at studied what the impact of the World Bank and IMF policies have been in Latin America, so he could come a bit more sure-footed in terms of rejecting the IMF. This is the Country that has given Julian Assange refuge in their embassy.

Ecuador said no said Ecuador needed to have the central bank be part of their own economic planning and their own economic cabinet, and so they did that and then they put a requirement on all banks that they had to bring their foreign assets back into the country, a big percentage of them, and they enforced that and they needed those dollars, for example, during the Great Recession. And they implemented a whole set of financial reforms, some of which other Countries could use which protect them from the kind of financial collapses that was seen elsewhere.
 

Sheryl G (359)
Saturday September 3, 2016, 11:10 am
No you are not accountable to me but you misuse the website called C2. If you want to continue to look like a fool then I suppose you can continue to drop your OPINION on where-ever even when you don't know what you are talking about because you don't read the articles or watch the videos.

Some members on here like to have stimulating conversation and debate so I offer them those topics. If it is not your cup of tea then go elsewhere - there are plenty of other places on C2 that you might find links you'll feel safe to open. Why bother coming onto something you'll not even read or watch, because you just want to do what you are doing now. Something that get's your ya's ya's off; offering nothing to enhance a topic.

So as I can see you are having your pity party, you start it and then oh dear people are trying to control me and I've not right to speak even when I speak before I know what I'm talking about, because I don't look at anything I just throw words out there......any words .......matters not what they are......just throw out words.

So have your pity party this is all I'll say on the matter, the viewers who come on can see for themselves. It is not lost on them what you try to do even if you act all innocent and such.
 

Sheryl G (359)
Saturday September 3, 2016, 11:12 am
Saturday September 3, 2016, 11:02 am comment was in response to JL A comments. And than you JJ L.
 

Darren W (218)
Saturday September 3, 2016, 12:52 pm
Wow, lots of juicy material to look forward to watching. Thanks Dandelion.
Bookmarked for later tonight into tomorrow.
 

Animae C (507)
Saturday September 3, 2016, 2:49 pm
Bookmarked!
As you know i currently have very little time.

xx
 

Lois J (63)
Saturday September 3, 2016, 3:04 pm
Noted. Thanks, Dandelion.
In a hurry today, so I read the article rather than watch the video. Hope to find time later this weekend to check out the other 2 parts because what's been going on in Europe has been somewhat confusing to me.
For example, I could not understand why the British were dumping all over Corbin, who is likened politically to our Bernie. (It seems the European media isn't much better than that in the U.S.).
Even in the interview, Mark Weisbrot states that he finds many of these matters "complicated." Although he blames much of it on neo-liberal policies and the various banks. From what I understand, I agree.
 

MmAway M (522)
Saturday September 3, 2016, 3:09 pm
Thank you Dande
Watching the video you posted, while I was reading.

"So, I guess the most basic problem in the Eurozone and what makes it a special case compared to problems in other places in the world, the problems you mentioned in Latin America, is that they gave away their control over the most important economic policies that any government can have, and they gave it to the wrong people. [laughs] They gave it to people who really didn't have their best interests at heart.

And when I mean the most important economic policies I'm talking about, well, first your monetary policy, your interest rates and money supply, the things that the Federal Reserve decides for us here in the US. Well, the European Central Bank is deciding that for the European–you know, for the Eurozone, for the 19 countries in the Eurozone. And that is a very dangerous situation. And that's just one part of it. Of course, exchange rate"

"And, you know, even President Obama was quite worried about Europe for a while, and he was putting pressure, I think, there was a lot of indications that this government was putting pressure on the Germans not to push them out of the Euro, but once he realized that they were never going to leave, then he didn't bother saying anything either that would pressure them."

Sadly watched and read ~ not your other links. - Did keep your links.
 

MmAway M (522)
Saturday September 3, 2016, 3:17 pm
Extremely thought-provoking...most is over my head.
Agree Governments need to reduce spending - What options are there????

"PERIES: Now, what options are there? There are some changes in Europe you see with Syriza in power, maybe there's a situation in France, you know, if they would actually govern with their platform, the Socialist Party of France. You have the possibility of leftward shift in places like Spain and Portugal, of course. Now, there is a shift going on in Europe. Do you think that would help in terms of setting better economic policy for Europe that would benefit ordinary people?"
 

Judy C (91)
Sunday September 4, 2016, 12:37 am
I have the videos bookmarked for viewing this weekend. Thanks Dandelion.
 

Darren W (218)
Sunday September 4, 2016, 1:17 am
Just started watching part 1.

MmAway M. - It's not merely a question of reduce spending, per se. It's about the equitable distribution of wealth throughout the world. Then it's about the responsible management of economies and social structures that are being decimated as they are not proving "profitable"
 

Darren W (218)
Sunday September 4, 2016, 1:28 am
Some very very good points in Part 1: eurozone governance, austerity measures, BREXIT.

Government can only really work if it's a MIXTURE of Capitalism TEMPERED by/with Socialism, regardless of whether it's right-wing mindset or left.

Austerity measures can only ever work if EVERYONE, including the rich and wealthy take part. Of course, that's hardly likely to happen, unless rich and wealthy people RECOGNIZE their responsibility.
 

Darren W (218)
Sunday September 4, 2016, 1:32 am
The last major point made in Part 1, is with austerity measures, you cannot simply remove social structures such as healthcare and health services, without subjecting people to extreme hardship and life-threatening, dangerous situations. Either everyone has to be brought up to a basic level of income and welfare, OR, governments need to maintain basics for them, helping them to progress so that they can improve, evolve, prosper to a point, where they can then pay back into the system as it operates, thus reciprocally maintaining that same system.
 

Darren W (218)
Sunday September 4, 2016, 1:38 am
Part 2 concentrates on the IMF, International Monetary Fund.

The IMF seems quite non-democratic, controlling, despotic. and inflexible.
 

Darren W (218)
Sunday September 4, 2016, 1:45 am
Debt reduction of struggling countries. . . I'll speak from experience here, and it's something rich countries RARELY do, but when I've had relationships with women who have had debt issues, I've helped resolved them, or cleared them completely.

Lead by example. . .
 

Darren W (218)
Sunday September 4, 2016, 1:49 am
The IMF has an underlying mindset of Corporate Capitalist, with very little Socialism interwoven into it.

Weakening Labour Movements is a crazy idea, as where are the laws, regulations and rules that help actual WORKERS. . . ?

Neoliberalism in action.
 

Darren W (218)
Sunday September 4, 2016, 2:34 am
In Part 3 there is a very subtle reference to the concept of "Us and Them" and capitalizing and exploiting on the misfortune of some. When an economy collapses, if companies or investors make money, then this is symptomatic of a diseased system in operation. Bring your lowest struggling citizens up to a sustainable level, then everyone ultimately prospers.
 

Darren W (218)
Sunday September 4, 2016, 2:37 am
Last point he makes is that richer and wealthier countries should support and help poorer countries.

This is socially obviously, but Capitalistically (egotism/control/exploitation) seen as irrational.
 

MmAway M (522)
Sunday September 4, 2016, 2:48 am
Thank you Darreb!
 

MmAway M (522)
Sunday September 4, 2016, 2:49 am
Thank you for explaining "Darren!" Put a Bub on the end of your name. Still did not get to the other parts, but was tracking Gotta sleep 3am.
 

Arild G (174)
Sunday September 4, 2016, 3:49 am
Will have to watch later but one thing is certain:the Euro is a tailor made currency for Germany and very few else an the policy of austerity is like curing cancer,it's more likely to kill the patient than make him/her better.
 

Ben O (135)
Sunday September 4, 2016, 4:00 am
I can't wait for a "Swexit"... : ~ (
 

Sheryl G (359)
Sunday September 4, 2016, 5:19 am
Darren in your comment of Sunday September 4, 2016, 1:32 am you said:

"The last major point made in Part 1, is with austerity measures, you cannot simply remove social structures such as healthcare and health services, without subjecting people to extreme hardship and life-threatening, dangerous situations.

Either everyone has to be brought up to a basic level of income and welfare, OR, governments need to maintain basics for them, helping them to progress so that they can improve, evolve, prosper to a point, where they can then pay back into the system as it operates, thus reciprocally maintaining that same system."

This was a concept that the American Indian understood well, that if one was hungry it meant that all were hungry. If one didn't have a blanket then no one had blankets because if someone was without food or a blanket both would be provided to them by another who had enough to eat and to stay warm with. That was a way to maintain their society. It served no one well if some of them were allowed to languish and to not be able to be up to their full potential. Everyone was important, everyone had a place within society as special.

One time a Chief was asked, why do you have so many blankets stored in your lodge, I thought you did not hoard? The Chief said, because every time you white men come to see me you bring blankets to me so this I keep until one of my people need one of them then I give them one. They know where the extra blankets are - it is my duty to keep those blankets safe, clean, and dry until they need one. I only need one blanket the rest are the people's blankets.

 

Sheryl G (359)
Sunday September 4, 2016, 5:31 am
Within article:

What is the IMF?

It's this organization that is run by the rich countries completely, and it's determining policy where they can for poorer countries and developing countries. And, of course, they're also helping determine policy and implement it in Europe.

And what are they? They're completely unaccountable to the people who are having to be forced to take their advice.

And so that's the fundamental problem.

You know, what you're seeing in Europe is just kind of the IMF kind of policies that developing countries have suffered for decades now being implemented in the more vulnerable countries in Europe. But it's the same thing, and it's also, of course, a long term failure of neoliberal policies in almost all the places where they've been implemented.

Thank you Marilyn for taking the time to go over this. I know some of the topics I post are not easy to get into; but with the way our lives are being controlled and manipulated by these Financial Institutions I feel it's important to try to get a grasp upon it at some level.

This is why I post various things on it, some is easier to read or watch than others, but we are all at various stages of insight into things. What I appreciate is that people do try to learn because we are all in this and it's depending upon all of us to make decisions or understand decisions that are being made on our behalf.

We lose our power if we do not use it and we do not use it if we don't understand our power and where to place it. So I thank you and everyone else who took the time to go over this or will at some later date.
 

Sheryl G (359)
Sunday September 4, 2016, 5:37 am
What Is Skimming? I'll stick to my first comment of Saturday September 3, 2016, 9:48 am You'd have to be of superhuman ability to have read that fast such lengthy material and additional material that hadn't yet been posted. But just go ahead and defend it - that any other adult on here can understand what you've been doing - again just more words you leave that are off topic.

 

Marija M (25)
Sunday September 4, 2016, 8:21 am
Thank you. Very interesting comments.
 

Dawnie W (250)
Sunday September 4, 2016, 9:36 am


Noted...A really interesting subject with better comments than I can give at this wee hour of Monday morning. 3:30AM. So I'll do a couple more and then it's off to bed to see if I can possibly sleep.


❤️Thanking you kindly Dandelion for sharing this information ❤️



💕💛ღ❤️Ƹ̵̡Ӝ̵̨̄Ʒ💕♥L💜ve, Hugs and Peace go with you all♥💕Ƹ̵̡Ӝ̵̨̄Ʒ❤️ღ💛💕
 

Janet B (0)
Sunday September 4, 2016, 12:19 pm
Thanks
 

Darren W (218)
Sunday September 4, 2016, 1:15 pm
These three broadcasts are worth ALL of our brief attention spans, Dandelion. I picked up a lot of interesting new information from them, and I've been working in that industry until a few years ago!
 

Sheryl G (359)
Sunday September 4, 2016, 1:28 pm
Thank you Darren for saying that. Knowing your background, you of all people might of been able to "skim' through and give a quick comment. However, even you I doubt could of done so within a minute after having posted this first part to the story let alone the 3 parts to this.

Besides we get talking out of both sides of the mouth - first we don't open links not trusted but yet the links to the article was skimmed in 60 seconds flat.
 

Lenore K (0)
Sunday September 4, 2016, 2:04 pm
ty
 

Knud T (53)
Sunday September 4, 2016, 3:00 pm
signed/shared
 

Walter F (129)
Sunday September 4, 2016, 5:08 pm
Bookmarked to study and comment at a later date,Rushed to day.
 

Colleen L (3)
Sunday September 4, 2016, 7:32 pm
Interesting information. Bookmarked to review. Thanks Dandelion
 

Rose B (141)
Sunday September 4, 2016, 10:25 pm
Very True Thanks for the Memories
 

Anne H (52)
Sunday September 4, 2016, 10:32 pm
Noted. Opinion-provoking indeed and much to think about.
 

Margie F (148)
Monday September 5, 2016, 1:26 am
Thank you
 

Julie W (33)
Monday September 5, 2016, 3:17 am
Thanks Dandelion, I will have to read later. Too important to just skim.
 

Siddharth Bargate (0)
Monday September 5, 2016, 11:21 am
Tyfs
 

Birgit W (160)
Monday September 5, 2016, 3:23 pm
Bookmarked! Thanks for sharing Dandelion.
 

Lenore K (0)
Monday September 5, 2016, 3:40 pm
ok
 

Sheryl G (359)
Monday September 5, 2016, 4:57 pm
Thanks all I appreciate you taking the time to review when you have time and are able.
 

Past Member (0)
Monday September 5, 2016, 9:56 pm
Noted with thanks.
 

Darren W (218)
Tuesday September 6, 2016, 3:58 am
Arild makes an interesting point about Germany earlier on in this thread, and your series posted with Chris Hedges talking to Tariq Ali, resonates quite well. Shared here again:
Global Revolt Against Corporate Capitalism and Inequality
 

margaret cochran (41)
Tuesday September 6, 2016, 1:07 pm
noted
 

Sheryl G (359)
Tuesday September 6, 2016, 1:44 pm
Thanks Darren for tying it all in. is why I post various things, in hopes something will connect or people begin to see a bigger picture.
 

Angelika R (143)
Tuesday September 6, 2016, 1:51 pm
" the failures of the Eurozone and European economies are due to unaccountable, unelected authorities who have taken control of fiscal policy in order to remove social and economic protections for ordinary people "

YOU BET!
Here's how the Brussels bureaucraps deal who in fact do not represent people but just voted each other in , always have and probably always will

https://www.theguardian.com/business/2016/sep/06/eu-ethics-watchdog-intervenes-on-jose-manuel-barroso-goldman-job
Here's what the EU ombudsman wrote
http://www.ombudsman.europa.eu/resources/otherdocument.faces/en/70847/html.bookmark
 

Sheryl G (359)
Tuesday September 6, 2016, 2:26 pm
Citizens’ trust both in their governments and in their public administrations has been severely shaken, no institution can risk eroding that trust further. Ya think!

Sigh.....it just continues on. For those living in Europe there is a Petition on the first link that Angelika left.
 

Janet B (0)
Tuesday September 6, 2016, 3:21 pm
Thanks
 

Darren W (218)
Wednesday September 7, 2016, 12:02 am
In terms of the Eurozone being formed, and obviously Germany becoming one of the strongest major players, along with France and Italy, I wonder which currency they decided to flatten the various currencies out with. Some countries would have instantly gained, some lost, depending on which they went with.

For example, before the Eurozone and Euro currency came into being, for 1 English pound could get approximately 2.5 German Marks, or 10 French Francs. That clearly shows that having one currency meant a lot of variance, gone.
 

Margie F (148)
Wednesday September 7, 2016, 2:53 am
Thank you
 

Sheryl G (359)
Wednesday September 7, 2016, 5:56 am
They tried to get us to follow suit over here with doing similar as the EU but between the Countries of Canada, Mexico, and the USA. That was one time things didn't fly well for any of the 3 Countries. Although we are part of North America we see ourselves as unique and distinct from each other - trying to 'blend us" together be it currency stood out strong as taking away "us" in the minds of the people.

I think for the people of Europe, although separate Countries, you still feel connected as Europeans, and it may be easier as land wise your Nations are smaller overall as compared to the 3 Countries that make up North America. If I recall Darren, even though UK was part of the EU didn't you still keep your currency? I'd see that as you are an island onto yourselves - geography counts in subtle ways and not so subtle ways.
 

Darren W (218)
Wednesday September 7, 2016, 8:24 am
Yes, that's right. We didn't JOIN the European Union legally as such, because we would be using the Euro if we had. We're part of the European Economic Community (EEC). Had we joined and started using the currency as well, BREXIT would be an even bigger and more complex fiasco than what it's proving to be.
 

Margie F (148)
Thursday September 8, 2016, 2:13 am
Thank you
 

Darren W (218)
Friday September 9, 2016, 1:17 am
The only way all these various countries economies work, is if there is widespread engagement and co-operation between them.

I was talking to a friend of mine, in New Hampshire, via Skype the other evening, and we briefly discussed George H.W. Bush's famous quote about a New World Order.

In theory, a New World Order COULD work, providing EVERY single country on planet Earth had a representative or two, so that would make several hundred people, talking to and with each other, rather than having the divisive, controlling minority players, effectively deciding everyone else's fate.

In practice, of course, it can't work in the current world situation we find ourselves in, as various players in both the Military and Financial markets are exploiting and making a profitable livelihood out of the misery of others. That would obviously have to change.
 

Lenore K (0)
Friday September 9, 2016, 5:25 pm
ok
 

Angelika R (143)
Sunday September 11, 2016, 4:46 pm
Sheyl's observation are very correct, " an island onto yourselves"and that includes the minds of many as well. The British never stopped referring to us as "the continent", somehow speaks volumes.
 
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