Σάββατο, 16 Φεβρουαρίου 2013

The myth of preserving minimum wages in 100% self-regulating markets

All the people of Greece, Portugal, Italy, Spain, Ireland, and recently the entire EU and the whole world, start to realize what is really going on in EU and its south.

IMF and several EU officials have openly admitted that the austerity program for Greece and other countries is going very, very bad, that it was a wrong plan and it is going nowhere... but we (Greeks) have to keep on implementing it! In other words, "oops, sorry, we did it again, now you pay for it." - Typical IMF and neo-liberal attitude of "no remorses, only profits".

Most people here are no longer paying attention to what unelected, semi-educated, never-employed "officials" say about what is going on in Greece. Instead, we are starting to talk with each other, really talk instead of arguing with stupid political labels, since the problems are there, hitting everyone now, and there are no excuses or easy verbal escapes anymore. Even the most pro-troika muppets of the mainstream media now try to shake off their previous 3-year facet and present themselves as the wise old man who is saying "I told you so".

Well, here is what happens when two friends sit down one morning with some coffee during a conference break, talking about if or why or who wants to cut down minimum wages in Greece even more, despite already having a real humanitarian crisis that is blooming. And since we were no politicians, nor our dialog was in front of any camera, we argued, and argued...and argued... and finally ended up with a "white paper" (literally) with some math, written in a napkin.

Sadly, the proof of the slavery-promoting model of modern extreme neo-liberal economy that is dominating everything, from 7-year-old children making "FIFA-certified" soccer balls in Bangladesh to highly-toxic electronics recycling by starving Chinese workers, takes no more than a few simple equations, written on a coffee napkin...

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