Gamesmith94134: ethics and Infrastructure



Yannos Papantoniou,



It was another myth on ending austerity that Mr. Yannos Papantoniou provided that public investment as infrastructure may varies on the ethics difference; will development aid economy like ending austerity?

Ending Austerity 1-26-2012

Economies depend upon demand. Demand needs disposable income. Income depends upon employment. Thus, the more people working, the better an economy, full employment harms no one, indeed helps everyone. Do whatever it takes to get everyone who wants to work a job?

Rebuilding infrastructure as develop aid is turned into a business cycle; It seems easier than done especially in the developed regions with high cost of living that fiscal budget restraint may not be ethically defined, but the citizens of the developed nations like EU demand more innovation and advancement of science and technology, Upon the survival on the higher cost of living, the budget provided may not be sufficient for the 20% unemployment.

Of course, if the price is right for the new employed youth and emerging nations, and the timing is mature to growth; then consumption can expand and the developed nations can revive the labor to service the high tech industry.

Besides, at present stage, EU labors are not compatible to the scale of progression that can carry the momentum giving windfall to continue since they may not accept lower wages like Chinese as in $6000 per capita. If the credit is limited and inflow of foreign capital is scrutinized on the margin of cost of living instead of restraining reflation. It was the banking failure that demands maintaining its values of Euros, not the citizens of Euro Zone who must earn them to spend. Trooping the unemployed in the developed nations to work servicing the government or non- productive environment in expanding deficit, more may fall off the bargain, and more Unemployment.

Otherwise, we are doomed in the polarization of the skilled and unskilled which we called inequality in the social stratum.

If we do not allow inflation or deflation to adjust the cost of living, the economical growth is five to ten years away from present. It is just anemic.

However, the excessiveness on spending like the Detroit syndrome must be contained like Germany that labor are synched with the central government, or at least, they compromised. Otherwise, it needs another Ronald Reagan to eliminate the labor dispute with the air traffic controllers by refilling the position with the lower wages.

We must restore the affordability on living to sustain its marginal growth; not austerity.



May the Buddha bless you?

