This week I'd like to bring up something that's becoming a growing problem. From one of my earlier blogs:
http://krugman.blogs.nytimes.com/2012/07/25/the-radicalizing-effect-of-euro-disaster/
The Radicalizing Effect of Euro Disaster
Just a quick note: one thing I don’t think has been sufficiently emphasized as we stare a euro disaster in the face is the amount of damage this will do to the overall European political landscape. Across most of the periphery, both sides of the usual political divide have been roped into the policies of austerity and internal devaluation — sometimes in governments of national unity, sometimes with normal party rule but with both parties following much the same line.
So if the policies fail disastrously, which is getting close to a certainty, the effect is to discredit the entire political center, leaving radicals right and left as the only people who aren’t tainted.
It’s hard to know how this ends. But Europe a few years now may be a very different place from the nice alliance of democratic nations we all know and love.
What's your take?
tpaine posted:post krugman titty pic
TG posted:interesting stuff, but how will it affect political bodaciousness? or tubularity? regardless, cowabunga paul
*tailgrinds 800 miles of abandoned high speed rail*
http://www.bbc.co.uk/news/business-22832471
But I'm glad we see eye to eye on the need for more stimulus to suppress radicalism.
