[lbo-talk] Number One Problem Economy in Europe

Angelus Novus fuerdenkommunismus at yahoo.com
Wed Aug 10 09:57:50 PDT 2011

Wojtek wrote:

> What is so sensational about it. In the US, about 20% of households
> lives on $18k or less

Here's an interesting thought experiment/challenge: let's see if it would be possible to discuss the problems in Germany's export oriented, beggar-thy-neighbor economic model and its sado-monetarism within the EU without once resorting to the tired old "but in the US everything is soooo much worse".

Yeah, I get it. Things are worse for Americans than for people in core-Europe. And in Somalia, things are much, much worse than in the US. So what?

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