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Author
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Topic: European students "prejudiced" against capitalism
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aka Mycroft
rabble-rouser
Babbler # 6640
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posted 11 February 2008 02:33 PM
According to an article in Foreign Policy, reprinted in the National Post, Europe's problems are due to "anti-capitalist indoctrination" in schools. Of course, no thought has been given to the possibility that North American schools may be indoctrinating students to have an uncritical approach to capitalism and the market.Europe’s Philosophy of Failure quote:
In France and Germany, students are being forced to undergo a dangerous indoctrination. Taught that economic principles such as capitalism, free markets, and entrepreneurship are savage, unhealthy, and immoral, these children are raised on a diet of prejudice and bias. Rooting it out may determine whether Europe’s economies prosper or continue to be left behind.
quote:
Just as schools teach a historical narrative, they also pass on “truths” about capitalism, the welfare state, and other economic principles that a society considers self-evident. In both France and Germany, for instance, schools have helped ingrain a serious aversion to capitalism. In one 2005 poll, just 36 percent of French citizens said they supported the free-enterprise system, the only one of 22 countries polled that showed minority support for this cornerstone of global commerce. In Germany, meanwhile, support for socialist ideals is running at all-time highs—47 percent in 2007 versus 36 percent in 1991.
From: Toronto | Registered: Aug 2004
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Fidel
rabble-rouser
Babbler # 5594
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posted 11 February 2008 09:10 PM
McKinsey warns US may lose financial leadership quote:
The US looks poised to lose its mantle as the world's dominant financial market because of a rapid rise in the depth and maturity of markets in Europe, a study suggests.The change may have occurred already, not least because US markets are beset by credit woes, according to research by McKinsey Global Institute, a think-tank affiliated to the consultancy. "We think the differential growth rates are so significant that it is quite likely Europe has overtaken the US," said Diana Farrell, author of the report. . . In previous decades, most US policymakers and bankers assumed their domestic markets were the largest and most sophisticated in the world, and sought to export their model of financial capitalism to other parts of the globe
I think the U.S. is looking at a financial meltdown the likes of 1929-31, but on an even larger scale than that. There is a great deal more socialism in the U.S. today holding the economy together than was true of the 1920's. But even soft budgetary spending and public sector economy that has driven a great deal of the post-WWII economic growth in America to superstar status required various economic drivers, and neocons were obssessed with saobotaging the productive U.S. labour economy for many years. I think they believed that the world could be ruled from financial centres in New York and London, and with backup from the military, an invisible hand of sorts.
From: Viva La Revolución | Registered: Apr 2004
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