Tag Archives: European debt crisis

The way forward

28 Apr

Why western governments should increase budget spending instead of cutting them.

Nouriel Roubini, Turkish economist, professor ...

Nouriel Roubini, Turkish economist, professor of economics at the Stern School of Business, New York University. From the Confederation of Norwegian Enterprise conference, 2009. ‪Norsk (bokmål)‬: Nouriel Roubini, tyrkisk økonom, professor ved Stern School of Business ved New York University. Fra NHOs Årskonferanse 2009. (Photo credit: Wikipedia)

Public budget spending cuts induce a lowering of consumption that is inevitably followed by a slowdown of the economy’s pace and ultimately unemployment which also results in the lowering of consumption of goods; but moreover governments spending cuts reduce the efficiency or research by hampering the integrity of the scientist’s behaviour as we will see below.

Public budgets should instead be invested in enhancing the level of infrastructure, research and education in the aim to create the jobs and opportunities of tomorrow. High ranked economists and financial law scholars of the University of Cornwell and of the University of New-York describe what should be the way forward for western governments to follow in the present worse economic crisis since 1930 crossed by the developed countries.

Research is one of the sector in which governments should spent more money as written by Dr Ferric C Fang editor in chief of the journal Infection and Immunity in an editorial that quoted the here above economists report. The editorial of Dr Fang pointed the fact that he observes more and more misconducts in science articles because researchers are desperately lacking of financial supports and grants from the government.

More content:

1) The Way Forward

Moving From the Post-Bubble, Post-Bust Economy to Renewed Growth and Competitiveness
  • By Daniel Alpert, Westwood Capital; Robert Hockett, Professor of Law, Cornell University; and Nouriel Roubini, Professor of Economics, New York University

October 10, 2011 |

2) Reforming Science: Structural Reforms

  1. Ferric C. Fang, Editor in Chief, Infection and Immunity and
  2. Arturo Casadevall, Editor in Chief, mBio
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16 Feb

Although I do not share the same ideas of this right-wing American party, I found interesting their analysis of the Greek’s debt default in payment. This financial crisis entails the loss of the sovereignty of the Greek people and hence is endangering their democracy. The author of this text, Judson Phillips is the leader of the Tea Party Nation. With regard to the American political landscape, the Tea Party Nation is a USA ultra reformist party believing in the return to the fundamental values of their Constitution especially the second Amendment which allows all citizen to bear and possess weapons in the aim to defend the democracy in case of governmental abuse. Their point of view does not reflect my own personal position but contributes to bring some arguments in the discussion with regard to the topic of the European debt problem.

Gds44's Blog

The death rattle of Democracy – Tea Party Nation.

Posted by Judson Phillips

Watching a Democracy die is not a pleasant experience.  The only thing worse is watching one die and having most people not even realize a Democracy just died.

 Which Democracy died?

 Greece, of course.

 Greece is a cautionary tale for America and every other nation in the world.  Perhaps the question we have to ask, is Greece even a nation any more?

 The obvious reaction to that question is, of course it is.  The Greek flag still flies.  There are Greek borders.  The Greek government and Parliament are still there.

 All true.

 But for all intents and purposes, Greece is now a state in receivership. 

 The defining characteristic of a nation state is sovereignty.  The people of the nation state, through their government make the decisions for that state. 

 Greece has lost that.

 Greece…

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