Tuesday, May 1, 2012

20% (Or why the Eurozone can't survive). :: A Very British Dude

20% (Or why the Eurozone can't survive). :: A Very British Dude

 Productivity - doing the same with fewer inputs (yes, labour is a cost, not a benefit) is how western economies have grown. State planned economies (soviet union) typically didn't enjoy productivity improvments, just increasing inputs - resources and Laobour to achieve growth.

The lower demand for labour FREES people to go and do something else for someone else, creating more potential inputs, and generating growth.

So, if your response to increased productivity is productivity-destroying government regulation, then you are a dribbling moron with shit-for-brains, which as far as economics concerned, is the entire left.
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