May 22, 2010
— Monty The wonder is that it appeared in the New York Times. One hopes that the light currently dawning on our European Socialist bretheren will also shine down upon our own benighted Progressives. It turns out that comprehensive welfare states are not sustainable, kids.
And Victor Davis Hanson has some thoughts about how one might go about building a resurgent Germany if one were so inclined.
[Edit: Via the eagle-eyed GkBXs, fixed the spelling of Dr. Hanson's last name.]
Posted by: Monty at
03:27 PM
| Comments (144)
Post contains 81 words, total size 1 kb.
And Victor Davis Hansom has some thoughts about how one might go about building a resurgent Germany if one were so inclined.
I think you're quite attractive too. Whoever you are.
Posted by: Victor Davis Handsome at May 22, 2010 03:35 PM (GkBXs)
As to why it appeared in the NYT, well, even a blind squirrel finds a nut once in a while. I've never heard of Steven Erlanger, but I hope he doesn't get ostracized for simply speaking the truth about the unsustainable of the Euro model.
Posted by: Kratos (missing from the side of Mt Olympus) at May 22, 2010 03:36 PM (Acgmr)
Posted by: wherestherum at May 22, 2010 03:36 PM (KSBQ3)
The Leftwing media has a funny way of stating the obvious well after the fact.
Like how they suddenly realized that the HCR was a budget buster...after it was passed. And how the Stimulus bill was bunkum...after it passed.
And now they tell us: socialism was the rise and fall of the Europeon Union house of cards.
Yeah, no shit.
Posted by: Mr Peebles at May 22, 2010 03:38 PM (XuxCF)
America, by comparison, is spending close to 5% on its military.
Posted by: snapdragon at May 22, 2010 03:38 PM (5Etcj)
But why would they? I don't think they're that "angry" yet.
There was a German exchange-student in my HS and I once suggested to him that Germany should go nuclear just to warn off the Russians about using Germany as a conduit to smuggle nuclear arms components. You should have seen the look on his face...
Posted by: Kratos (missing from the side of Mt Olympus) at May 22, 2010 03:40 PM (Acgmr)
America, by comparison, is spending close to 5% on its military.
Dumbass, in Germany, military spending is mostly a jobs-program. They were basically ineffective in Afghanistan, with the bulk of the fighting being done by the Brits, Canadians, and Australians, (and of course the US).
Posted by: Kratos (missing from the side of Mt Olympus) at May 22, 2010 03:42 PM (Acgmr)
Europeon Union = Planet Hollywood
Terrible idea from the get-go. Huge investment. No return. But the investors kept sinking money into it.
Posted by: Mr Peebles at May 22, 2010 03:43 PM (XuxCF)
Posted by: Monty at May 22, 2010 03:43 PM (O3eFQ)
Germany is spending a reasonable 1.5% of its GDP on its military.
America, by comparison, is spending close to 5% on its military.
Posted by: snapdragon at May 22, 2010 07:38 PM (5Etcj)
You think maybe that may have something to do with the U.S. being over five times as big in terms of land mass and population and being the only deterrent against Red China and the resurgent Russians ?
Somebody hand this idiot a dunce cap.
Posted by: Blazer at May 22, 2010 03:44 PM (t72+4)
I don't think any country has been what you'd call "effective" in Afghanistan.
Posted by: snapdragon at May 22, 2010 03:44 PM (5Etcj)
Posted by: Triumph the insult comic dog at May 22, 2010 03:46 PM (w9bVp)
You know what else isn't effective? My G.E. manufactured gaydar. I keep waking up the next morning next to wino's with penis's
Posted by: snapdragqueen at May 22, 2010 03:47 PM (t72+4)
Posted by: dananjcon at May 22, 2010 03:50 PM (hzMeV)
Posted by: NYT at May 22, 2010 03:51 PM (hVdJG)
"America, by comparison, is spending close to 5% on its military."
Thanks for playing kid...What's your point? The US military is a massive watershed for the development of cutting edge technology and the training of the troops who maintain and implement that technology. We take raw undisciplined recruits who don't know much beyond sucking their thumbs and picking their asses and turn them into fine young men and women who are a credit to this nation...I'll take the military's pricetag of 20/% or so of the Federal budget anyday as the costs of doing business as a Superpower...When compared to trillions squandered on bridges to no-where, HUD, Section eight programs, and literally thousands of vote-buying schemes that have "NO ADDED VALUE" to our society other than enabling fraud, abuse, and indiscriminate pro-creation of entitled classes who refuse to take care of themselves, there is no comparison...
Posted by: Nozzle at May 22, 2010 03:51 PM (sE08M)
Idiot probably doesn't think they are any sort of threat. Socialist solidarity and all.
Snapdragon = "useful" idiot.
Of course, Barracky trusts the Russians too.
WASHINGTON (AP) - The Obama administration on Friday removed sanctions against three Russian organizations the U.S. had previously accused of assisting Iran's effort to develop nuclear weapons.
Posted by: Kratos (missing from the side of Mt Olympus) at May 22, 2010 03:52 PM (Acgmr)
America, by comparison, is spending close to 5% on its military.
Posted by: snapdragon at May 22, 2010 07:38 PM
I spend 25 percent of my pay on beer, and cousin snap spends 1 percent. Those numbers would improve for me if snap quit drinking all my beer
Posted by: knuckledragon, snap's redneck cousin at May 22, 2010 03:53 PM (sYxEE)
Believe me, it's wonderful over the course of a vacation, or the span of a semester or year abroad. Get beyond that, and you'll discover the banlieux (suburbs)/hell holes. The elitism, the lack of social mobility, the government-imposed straight jackets and a taxation hell. And the culture of elitism, arrogance, and backstabbing.
Posted by: ParisParamus at May 22, 2010 03:53 PM (iKR5z)
True or False?
A free-market capitalist system can never fail. I mean the whole entire kit-n-kaboodle, can it fail?
Posted by: Mr Peebles at May 22, 2010 03:53 PM (XuxCF)
Posted by: the story of strapondragon at May 22, 2010 03:54 PM (xCO0a)
I don't think any country has been what you'd call "effective" in Afghanistan.
Posted by: snapdragon at May 22, 2010 07:44 PM (5Etcj)
The Taliban foul their man-dresses and then hide behind women, children and infants at the sound of a lawn mower engine (sounds too much like a Predator).
We'd be doing better, but Hillary!, Dingy Harry and company got in the way.
Posted by: Arbalest at May 22, 2010 03:56 PM (BjcIH)
Posted by: NYT at May 22, 2010 03:56 PM (hVdJG)
I'm gonna say true, and here's why. Simply put, mainly because I know of no other way to put it, an economy entirely based on that type of system cannot entirely fail because in that type of system there will always be winners and losers.
So if someone shit the bed, there's probably someone at the other end who can capitalize on it. Am I on the right track, here? Put me some knowledge.
Posted by: Mr Peebles at May 22, 2010 03:57 PM (XuxCF)
Posted by: Some Dude at May 22, 2010 03:57 PM (X7Tav)
Posted by: dananjcon at May 22, 2010 04:00 PM (6Rh3U)
Posted by: Nozzle at May 22, 2010 04:00 PM (sE08M)
Contrast that to the communist/socialist economies and you see that they always fail. Because as Margaret Thatcher said, you will always run out of other people's money.
We have been a truly capitalist economy here since the late 1800s when the progressives started gaining influence.
Posted by: Vic at May 22, 2010 04:02 PM (6taRI)
Posted by: fartbubble at May 22, 2010 04:02 PM (gAmQ1)
Did you notice that next to the linked article there was a link to an article in the health section disparaging bacon?
That's right, they were agin the baconz!
They can not die fast enough.
Posted by: gebrauchshund at May 22, 2010 04:04 PM (d7k0J)
Yet, Vic, we have China. Why is this pure communist nation much better off than the EU?
I'll take a stab and say... because China doesn't give a shit about providing social services and entitlements?
Posted by: Mr Peebles at May 22, 2010 04:06 PM (XuxCF)
Their primary markets are southern European countries -- the ones collapsing now.
Posted by: Rob Crawford at May 22, 2010 04:06 PM (0onAO)
Posted by: snapdragon at May 22, 2010 07:44 PM (5Etcj)
Yeah I know, America sucks. By my calculations everytime a democrat runs on the America Sucks platform republicans pick up 346.335 seats in the house.
Posted by: robtr at May 22, 2010 04:07 PM (fwSHf)
Simply put, hating capitalism and destroying capitalism and the left's economic idiocy and arrogance are going to kill off the power of human ingenuity and individual liberty.
The left only see things through the eyes of the all-encompassing state.
Kill the engine, and the car dies too. Funny how progressives do not understand this basic concept.
Posted by: Lemon Kitten at May 22, 2010 04:08 PM (0fzsA)
So is this true: For a communist economy to succeed it must treat the people like worker ants working for the collective and nothing more?
Posted by: Mr Peebles at May 22, 2010 04:08 PM (XuxCF)
I'll take a stab and say... because China doesn't give a shit about providing social services and entitlements?
Yeah, I always thought that kinda stuff was overrated.
Posted by: Walter Duranty at May 22, 2010 04:09 PM (xCO0a)
That, and China has benefitted from exporting cheap crap to everyone, along with their building boom. Sadly, that boom is about to end (can't continue to build entire cities solely based on speculation) and with the recession/depression crippling consumer demand...
Let's just say that in the end, there will be only chaos.
Posted by: Kratos (missing from the side of Mt Olympus) at May 22, 2010 04:10 PM (Acgmr)
Finally.
Fuck Socialism. Good piece by doc Zero at Hotair. We needs to steal him.
Posted by: garrett at May 22, 2010 07:31 PM (U7dmO)
He's kinda long-winded.
Posted by: FUBAR at May 22, 2010 04:11 PM (1fanL)
That, and China has benefited from exporting cheap crap to everyone, along with their building boom.
Yeah, because China - Their Exports = North Korea.
Posted by: Mr Peebles at May 22, 2010 04:12 PM (XuxCF)
Hey snapfaggot - You think the fact that we are in Germany and europe protecting their asses has something to do with their lack of military spending?
Stop watching your mom in those the sheiße videos. She was young and needed the money.
Posted by: garrett at May 22, 2010 04:12 PM (U7dmO)
Posted by: knuckledragon, snap's redneck cousin at May 22, 2010 07:53 PM
(sYxEE)
I don't have a cousin, wingnut. And my mom pays for good imported European beer for me. So really I don't pay any % for beer.
Stupid wingnut.
Posted by: lapfagon at May 22, 2010 04:12 PM (1fanL)
America, by comparison, is spending close to 5% on its military.
Posted by: snapdragon at May 22, 2010 07:38 PM (5Etcj)
I'm betting your IQ isn't even in the double digits is it cockholster?
Posted by: Unclefacts, AoSHQ Professional Debate Team at May 22, 2010 04:12 PM (erIg9)
Posted by: Mr Peebles at May 22, 2010 08:08 PM (XuxCF)
I only know of two that are halfway successful. China started out it's growth treating people like worker ants but has drifted to a more capitalistic command economy as of late. The workers still get treated like ants but the upper class are becoming rich capitalists. Vietnam has become at least stable if not successful after implimenting the same pattern.
Posted by: robtr at May 22, 2010 04:13 PM (fwSHf)
Posted by: Mr Peebles at May 22, 2010 08:06 PM (XuxCF)
Not pure. Not even as pure as the USSR.
Posted by: FUBAR at May 22, 2010 04:14 PM (1fanL)
I don't think the Russians are going to head towards Europe - it's easier to cower them through energy blackmail than actual invasion. Good point though.
Posted by: Kratos (missing from the side of Mt Olympus) at May 22, 2010 04:14 PM (Acgmr)
Posted by: eman at May 22, 2010 04:16 PM (hVdJG)
Posted by: Monty at May 22, 2010 04:16 PM (O3eFQ)
So is this true: For a communist economy to succeed it must treat the people like worker ants working for the collective and nothing more?
It's best when you work for the good of everyone else as a slave to the state, and that you are grateful for your pitiful sustenance and shit government housing. Be happy comrade doesn't come and kill you and take your land. Oh wait - too late.
Be happy, the progressive communist may let you live another day, as long as you are useful. A strong hard working non-thinking ant is a good ant. plus? Free health care.
Posted by: Lemon Kitten at May 22, 2010 04:16 PM (0fzsA)
Posted by: Kratos (missing from the side of Mt Olympus) at May 22, 2010
08:14 PM (Acgmr)
Russians expand. It's who they are. It's why they are.
Posted by: FUBAR at May 22, 2010 04:16 PM (1fanL)
It's because of their passive-aggressive rage against the realities of life, scarcity, and human nature. Lefties really don't like reality that much and when they are confronted with the difficult choices in life, they react like amoral children.
Posted by: Thrillaminute at May 22, 2010 04:17 PM (FlcnG)
Which is ironic because Mao's followers called the USSR "revisionist" in the 1960's for not being as hard-core as Mao after Stalin's death.
Somebody once termed China's system as "national Communism". Dunno how apt it is though.
Posted by: Kratos (missing from the side of Mt Olympus) at May 22, 2010 04:17 PM (Acgmr)
Posted by: Zimriel, learning to be less blunt and more Southern at May 22, 2010 04:17 PM (BaTI0)
Posted by: FUBAR at May 22, 2010 08:11 PM (1fanL)
We can't all be as succint as yourself, now FUBAR, can we?
I like the doc. His pieces are certainly the best thing at HA.
Think of the fun it would be wading through Ace Double posting Dr. Zero and Monty posts!
I know I'd get even less done than normal.
Posted by: garrett at May 22, 2010 04:17 PM (U7dmO)
Posted by: dananjcon at May 22, 2010 04:18 PM (vmba3)
Posted by: Lurker at May 22, 2010 04:18 PM (HwIdb)
China started out it's growth treating people like worker ants but has drifted to a more capitalistic command economy as of late.
And could that be their downfall eventually?
This is what I'm trying to get at and I'm trying to work it out. I posit (whatever that means) that either a communist-based economy or a capitalist-based economy can both succeed and prosper* if they are pure. But trouble starts when they start to mix.
*provided they can produce sufficient and efficient shit and have goods to trade, of course.
Posted by: Mr Peebles at May 22, 2010 04:19 PM (XuxCF)
We can't all be as succint as yourself, now FUBAR, can we?
I like the doc. His pieces are certainly the best thing at HA.
Think of the fun it would be wading through Ace Double posting Dr. Zero and Monty posts!
I know I'd get even less done than normal.
Posted by: garrett at May 22, 2010 08:17 PM (U7dmO)
I like him. I agree with him. I just have a compulsion to point out warts.
Posted by: FUBAR at May 22, 2010 04:19 PM (1fanL)
If we go socialist, there ain't nobody left - like Krauthammer says, we are the backstop, there is no one else.
Posted by: real joe at May 22, 2010 04:20 PM (WjerO)
"America, by comparison, is spending close to 5% on its military."
Thanks for playing kid...What's your point? The US military is a massive watershed for the development of cutting edge technology and the training of the troops who maintain and implement that technology. We take raw undisciplined recruits who don't know much beyond sucking their thumbs and picking their asses and turn them into fine young men and women who are a credit to this nation...I'll take the military's pricetag of 20/% or so of the Federal budget anyday as the costs of doing business as a Superpower...When compared to trillions squandered on bridges to no-where, HUD, Section eight programs, and literally thousands of vote-buying schemes that have "NO ADDED VALUE" to our society other than enabling fraud, abuse, and indiscriminate pro-creation of entitled classes who refuse to take care of themselves, there is no comparison...
Posted by: Nozzle at May 22, 2010 07:51 PM (sE08M)
Nozzle, that was fucking awesome!
Posted by: conscious, but incoherent at this point at May 22, 2010 04:20 PM (YVZlY)
Not disagreeing with you on that. Only with the direction of the expansion. I think they'll head South first.
Reference Vladimir Zhirinovsky's "tome" - The Final March to the South.
Posted by: Kratos (missing from the side of Mt Olympus) at May 22, 2010 04:20 PM (Acgmr)
Posted by: Monty at May 22, 2010 04:21 PM (O3eFQ)
They're not, not by a long shot. About 500 million Chinese still live lives of abject poverty; the wealthier coastal Chinese are too busy buying shit and inflating the bubble to care what happens to the rural cavemen, so long as they stay on their farms and their sons and daughters work for pennies in the factories. This Chinese mercantilism only works when the export-engine is running in high gear. That engine is about to run out of fuel.
----------------------------------------
Okay, but taking the people in China out of the equation, (bear with me), the nation of China is prosperous, yes?
Posted by: Mr Peebles at May 22, 2010 04:21 PM (XuxCF)
I posit (whatever that means) that either a communist-based economy or a capitalist-based economy can both succeed and prosper* if they are pure.
As long as you ignore the entirety of human history and the nature of man.
Posted by: Noticer at May 22, 2010 04:22 PM (XBdMr)
Posted by: Mason Dixon at May 22, 2010 04:23 PM (hMXvw)
Reference Vladimir Zhirinovsky's "tome" - The Final March to the South.
Posted by: Kratos (missing from the side of Mt Olympus) at May 22, 2010
08:20 PM (Acgmr)
Agreed. South, East as far as it's easy, West. I'm sure they have a lot more respect for China than for Europe.
Posted by: FUBAR at May 22, 2010 04:23 PM (1fanL)
Posted by: Zimriel at May 22, 2010 04:24 PM (BaTI0)
*provided they can produce sufficient and efficient shit and have goods to trade, of course.
Posted by: Mr Peebles at May 22, 2010 08:19 PM (XuxCF)
Depends on what you call success. You could say any totalitarian country is successful as long as the people who have power stay in power and whatever portion of their citizens they can't afford are left to die or are murdered.
I haven't heard of a communist country being successful in that it's citizens were able to live like the brochure said they would.
Posted by: robtr at May 22, 2010 04:25 PM (fwSHf)
As long as you ignore the entirety of human history and the nature of man.
Posted by: Noticer at May 22, 2010 08:22 PM (XBdMr)
Heh. Communism can't run an economy. There's no accurate, timely information.
Posted by: FUBAR at May 22, 2010 04:25 PM (1fanL)
Posted by: Nozzle at May 22, 2010 04:25 PM (sE08M)
Posted by: Nozzle at May 22, 2010 08:25 PM (sE08M)
Duuuude! Serious? You're in for a treat.
Posted by: FUBAR at May 22, 2010 04:26 PM (1fanL)
If their actions in Georgia and the EU nat/gas markets are any indication, I'd wager they're looking to leverage their commodity power over Europe and re-capture some of the influence they had before the collapse.
That and buy up a bunch of US companies.
Posted by: Thrillaminute at May 22, 2010 04:26 PM (FlcnG)
No, no, no. THIS time is different!
Posted by: Zimriel, citing Rogoff and Reinhart again at May 22, 2010 04:27 PM (BaTI0)
When we decide we're done buying artificially-cheap shit from China, that "prosperity" you now see in China is going to look like the lack of prosperity we now see in Dubai and Portugal.
I suppose it would. But why would we do that? Home Depot and Wal-Mart is keep on stocking Chinese crap as long as it's the cheapest goods on the market.
Posted by: Mr Peebles at May 22, 2010 04:29 PM (XuxCF)
Posted by: Mr Peebles at May 22, 2010 08:21 PM (XuxCF)
Yes, right now China is profitable, so are the Mexican drug cartels.
Posted by: robtr at May 22, 2010 04:29 PM (fwSHf)
No, no, no. THIS time is different!
You got it. Reminds me of a little game called "Just the Tip".
Posted by: Noticer at May 22, 2010 04:29 PM (XBdMr)
Posted by: Monty at May 22, 2010 04:30 PM (O3eFQ)
Posted by: Noticer at May 22, 2010 08:29 PM (XBdMr)
I loove that game too!
Posted by: Andi S. at May 22, 2010 04:30 PM (1fanL)
I posit (whatever that means) that either a communist-based economy or a capitalist-based economy can both succeed and prosper* if they are pure.
As long as you ignore the entirety of human history and the nature of man.
I believe in spite of everything that people are basically good at heart.
- Anne Frank
Right before she was hauled off to Bergen-Belsen.
Posted by: huerfano at May 22, 2010 04:31 PM (Updet)
And, per capita, China is still very poor.
ahhh shit! That's a big hole you just put in my wacky theory. I didn't even consider it - but yes, I suppose the best measure of economic success is a nation's per capita GDP.
Posted by: Mr Peebles at May 22, 2010 04:33 PM (XuxCF)
Right before she was hauled off to Bergen-Belsen.
Even in Bergen-Belsen, all the prisoners weren't equal. It amazes me dumbfucks everywhere think socialism can work, if it's done right.
Can't be done right, you stupid scrunting hippies.
Posted by: Noticer at May 22, 2010 04:34 PM (XBdMr)
A communist based economy can never work because it ignores simple human nature. People will always take the easy way out for their daily bread. The job of government is to make it hard to get that daily bread through taking it from others. When the government makes it easier to get your bread by taking it from others eventually everyone want their daily bread form others. In short, nobody works and they all expect to get free bread.
This is where Europe is at now. The bubble is collapsing. Russia had the purest communist economy. It only stayed around as long as it did through absolute terror of its citizens. Before it finally collapsed the average citizen was barely existing while mired in poverty and misery. Even the apparatchiks who ran the country had a lower standard of living than our own so-called "working poor". It was a miserable failure.
Posted by: Vic at May 22, 2010 04:34 PM (6taRI)
Posted by: Mr Peebles at May 22, 2010 08:29 PM (XuxCF)
Becuase our ginormous trade deficit is no more sustainable than our ginormous government deficit. One day we will have to make some hard choices and that day is coming on fast.
Posted by: robtr at May 22, 2010 04:35 PM (fwSHf)
Posted by: AD at May 22, 2010 04:38 PM (AMhst)
Posted by: Monty at May 22, 2010 04:40 PM (O3eFQ)
Posted by: dananjcon at May 22, 2010 04:40 PM (OW0nw)
Posted by: dananjcon at May 22, 2010 08:40 PM (OW0nw)
How much more would it cost to sell a US manufactured starter?
Posted by: robtr at May 22, 2010 04:45 PM (fwSHf)
Posted by: Pecos Bill at May 22, 2010 04:52 PM (8WOM0)
China started out it's growth treating people like worker ants but has drifted to a more capitalistic command economy as of late.
It's my understanding that the "miracle" of China is the fact that they went from a command economy to a market economy. That is what enabled many to get rich. Politically, they are still very much communists and the people cannot disrespect the government but they are able to go into whatever business they wish. The thing that's gonna get them is the housing bubble. It has not gotten them yet and it's coming. The thing I don't get is why we keep buying their products. They build shit and have no standards, such as lead paint in toys and stuff like that. I bought a chinese pipe wrench once and it broke on me the thrid time I used it. I'll never buy another thing from them when I need quality.
Posted by: Bill R. at May 22, 2010 04:55 PM (EhlQq)
Posted by: dananjcon at May 22, 2010 08:40 PM (OW0nw)
...................
you get what you pay for. when it comes to starters and stuff like that. pay the extra bucks. but now days most young people dont know what one is. muchless how to change one.
Posted by: Racefan at May 22, 2010 04:56 PM (um7kz)
Posted by: Snapdragon at May 22, 2010 04:58 PM (sE08M)
Posted by: willow at May 22, 2010 04:58 PM (ax2VZ)
Posted by: dananjcon at May 22, 2010 05:01 PM (6Rh3U)
In the book, the maximum age anybody can get before being put to "Deep Sleep" is 21. It goes on to explain that this was the result of the "Little War", where all the young people in the world revolted against the adults and put them to death. It never goes into much detail about the Little War, or how it started.
Reading this article about how the average age of the European citizen is getting older and older, and the younger generation will have to work harder and longer with reduced benefits to support the retiree's pensions... I can see how some anger and resentment can result. And maybe thoughts of a "purging"...
Posted by: Xoxotl at May 22, 2010 05:03 PM (CbVPH)
Posted by: Monty at May 22, 2010 05:04 PM (O3eFQ)
I'd like to see Paris burn.
Russia can just take war brides and produce a baby boom.
Rinse, repeat.
Posted by: Rat Patrol at May 22, 2010 05:07 PM (dQdrY)
Posted by: ron dorque at May 22, 2010 05:09 PM (mmxJA)
I'm one.
Posted by: Creepy soulless youths at May 22, 2010 05:19 PM (xCO0a)
I've been in the buisness for 20yrs.
Posted by: dananjcon at May 22, 2010 09:01 PM (6Rh3U)
..................
where where you when i had my old 1973 Sportster? i bought alot of Delco Regs. and stuff.
Posted by: Racefan at May 22, 2010 05:22 PM (um7kz)
Posted by: dananjcon at May 22, 2010 05:23 PM (lJdhk)
Posted by: Clinton & Gore, straight shooters and nuclear guardians at May 22, 2010 05:27 PM (xCO0a)
Posted by: dananjcon at May 22, 2010 05:28 PM (lJdhk)
Posted by: Monty at May 22, 2010 05:32 PM (O3eFQ)
Posted by: willow at May 22, 2010 08:58 PM
Now.
Posted by: huerfano at May 22, 2010 05:38 PM (Updet)
Posted by: dananjcon at May 22, 2010 05:44 PM (lJdhk)
Seems like there has to be some opportunity now for a start-up to tackle that niche. Even if only for high-end / industrial use.
Posted by: Thrillaminute at May 22, 2010 06:50 PM (FlcnG)
A little longer, Germany can't simply go nuclear with a small number of devices and little or no capability to deploy them. Germany needs wake up one morning with a credible, distributed force = ~ 100 devices; sub launched cruise missile, mid-range solid fuel rocket, and air drop capable.
I would love to have a camera on Putin when they made the announcement, esp. when they say they have to, due to the nascent Iranian threat.
Posted by: Jean at May 22, 2010 07:00 PM (CPefM)
Posted by: Jean at May 22, 2010 07:03 PM (CPefM)
Posted by: Nozzle at May 22, 2010 07:51 PM (sE08M)
This!
Posted by: iamfelix at May 22, 2010 07:09 PM (DV6Ya)
Posted by: eaglewingz08 at May 22, 2010 07:15 PM (lFaac)
It's not just the PIIGS that are running these unsustainable systems--practically the whole Eurozone is in trouble:
From the Wall Street Grand blog
1. Ireland – 1,312% - External debt (as % of GDP): 1,312% - Gross external debt: $2.32 trillion - 2009 GDP (est): $176.9 billion
2. United Kingdom – 425.9% - External debt (as % of GDP): 425.9% - Gross external debt: $9.15 trillion - 2009 GDP (est): $2.15 trillion
3. Switzerland – 382.2% - External debt (as % of GDP): 382.2% - Gross external debt: $1.21 trillion (2009 Q3) - 2009 GDP (est): $317 billion
4. Netherlands – 376.6% - External debt (as % of GDP): 376.6% - Gross external debt: $2.46 trillion (2009 Q3) - 2009 GDP (est): $654.9 billion
5. Belgium – 328.7% - External debt (as % of GDP): 328.7% - Gross external debt: $1.25 trillion - 2009 GDP (est): $381 billion
6. Denmark – 316% - External debt (as % of GDP): 316% - Gross external debt: $627.6 billion - 2009 GDP (est): $198.6 billion
7. Sweden – 264.3% - External debt (as % of GDP): 264.3% - Gross external debt: $881.5 billion - 2009 GDP (est): $333.5 billion
8. Austria – 256.2% - External debt (as % of GDP): 256.2% - Gross external debt: $827.9 billion - 2009 GDP (est): $323.1 billion
9. France – 248% - External debt (as % of GDP): 248% - Gross external debt: $5.23 trillion (2009 Q3) - 2009 GDP (est): $2.11 trillion
10. Portugal – 235.9% - External debt (as % of GDP): 235.9% - Gross external debt: $548.45 billion - 2009 GDP (est): $232.4 billion
11. Hong Kong – 223.1% - External debt (as % of GDP): 223.1% - Gross external debt: $672.9 billion - 2009 GDP (est): $301.6 billion
12. Finland – 220.2% - External debt (as % of GDP): 220.2% - Gross external debt: $402.24 billion - 2009 GDP (est): $182.6 billion
13. Norway – 202.6% - External debt (as % of GDP): 202.6% - Gross external debt: $553.4 billion - 2009 GDP (est): $273.1 billion
14. Spain – 186.1% - External debt (as % of GDP): 186.1% - Gross external debt: $2.55 trillion (2009 Q3) - 2009 GDP (est): $1.37 trillion
15. Germany – 182.5% - External debt (as % of GDP): 182.5% - Gross external debt: $5.13 trillion - 2009 GDP (est): $2.81 trillion
16. Greece – 170.5% - External debt (as % of GDP): 170.5% - Gross external debt: $581.68 billion - 2009 GDP (est): $341 billion
17. Italy – 147.4% - External debt (as % of GDP): 147.4% - Gross external debt: $2.594 trillion (2009 Q3) - 2009 GDP (est): $1.76 trillion
18. Australia - 124.3% - External debt (as % of GDP): 124.3% - Gross external debt: $1.025 trillion (2009 Q2) - 2009 GDP (est): $824.3 billion
19. Hungary – 121.9% - External debt (as % of GDP): 121.9% - Gross external debt: $225.56 billion (2009 Q2) – 2009 GDP (est): $184.9 billion
20. United States – 96.5% - External debt (as % of GDP): 96.5% - Gross external debt: $13.77 trillion (2009 Q3) - 2009 GDP (est): $14.26 trillion
A lot of this burden is debt the countries owe to each other, by the way--that's why Greece and the EU were tearing their hair out trying to keep Greece from defaulting. The first Eurozone country that defaults sets off a chain reaction that essentially renders the euro, and thus the EU, worthless.
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