Sunday, March 19, 2006

The Truth Will Set You Free : What every American needs to know about the riots in France

The Truth Will Set You Free: What every American needs to know about the riots in France

This post over at The Truth Will Set You Free drives home the point that what is happening in France at the moment is not just something that is happening in isolation from what is happening to the Western economies in general. The French and German economies are limited in what they can practically outsource by what is imposed by their language barriers. There may be a few German speakers left in Namibia, but not enough to staff a call-center. Unlike the US and the UK, there are certain things that can't really be outsourced for the major French and German players, but they are not far behind.

Manufacturing jobs in the west are on the verge of extinction, and I'd argue that the unemployment rates in western Europe are much higher than advertised. This spring is likely to see a lot of the other problems boil to the fore and I reckon that if the governments of western Europe, notably France, Germany and the UK insist on playing alongside Team America in pressing for an illegal strike on Iran there will be massive demonstrations on the homefronts. So much so that the political landscape could look very different by August.

If one was cynical one might consider how wars mop up useless eaters as canon fodder and how governments in the past have stabilised the crises in domestic economies with large scale dust-ups. You think I'm kidding? Then think about WW2 and how that cleaned up the mess of the Great Depression.

2 comments:

qrswave said...

"If one was cynical one might consider how wars mop up useless eaters as canon fodder and how governments in the past have stabilised the crises in domestic economies with large scale dust-ups. You think I'm kidding?"

Unfortunately, I think you're right...:(

And, I didn't think about it before. but, the language barrier makes sense, too.

I was thinking today that another difference was the geography, the amount of land upon which american mortgage bankers can freely develop housing and keep the economy "growing" based on interest-based debt.

jayzerz said...

I'm working on a longer article that will broach some of these issues. I'll hopefully get it up in the next 2 or 3 weeks - this one I have to research a bit more ;(