Posted in Politics

Low wages and high unemployment are paralyzing the global economy

Heiner Flassbeck, who German speakers can follow by clicking on the first link, has just been involved in the recently published United Nations Conference on Trade and Development Report. Now, Mr Flassbeck, might not be a proper “Mr”, indeed, he is a full-blown professor Doctor, however, when talking to the Real News’s Paul Jay, his logic is so simple that even a monkey should be able to understand it.

However, if the orangutans among us can quite easily grasp his hypothesis that austerity doesn’t lead to growth and that if wages fall and unemployment rises then we are obviously going in the wrong direction, it might just be that the chimpanzees, gorillas and baboons who sit in our governments, still don’t quite grasp that if income falls, consumption falls and that if consumption falls …….. ? That’s right, if people don’t have any money, they don’t buy anything and if you kill your domestic market, you are not going to compensate through exports. Anyway, perhaps, the chimps, gorillas and baboons should just watch the interview, so bananas on the table, stop monkeying around and evolve.

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There are a lot of poor bastards out there being used and abused; it is just not cricket "old bean". Something tells me that ignorance is not bliss, but is, in fact, simply ignorance and in the global village we cannot look the other way.

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