Tens of thousands in austerity protest in Spain
ctpost.com
ctpost.com
The party in charge hasn't done shit about the whole economic crisis. First they tried to fool the people into thinking there was no crisis. When it was so obvious they couldn't keep lying, they passed some stuff that didn't really address the main problems (rigid two-tier labor market, too much spending on pointless bs, almost no-value added economy, too much regulation, and so on). They prefer to spend their time battling oh-so-important problems as fierce copyright laws or populating our roads with pickpocketing speed traps. Oh yeah right, and wether we should be able to speak to a civil servant in any of our languages (spanish is not the only language spoken in spain, almost every state has its own regional dialect/language, which are for the most part mutually intelligibility, but hey, let's make a big deal out of it anyways, who the fuck would care about easing conditions for the self-employed or the start-ups, right?).
The opposition, luckily in such a good place to just play the nice guy part and thus get the job with a few good proposals, are drowned in their own pile of corruption-related shit and instead of making easy proposals to win voters back, they prefer to try countless aggressive ad-hominem attacks against the prime minister and his clique wishfully hoping they'll eventually step down.
And while they all are pulling each other's hair as if this were a playground, there's +20% unemployment, +45% unemployment for young spaniards and a whole lot of just plain misery sweeping the country. I'm talking tonight-there's-no-dinner misery.
http://news.ycombinator.com/item?id=2558318
It's important to understand the reasons for the crisis. Your leadership should take responsibility for what happened, but the voting public should develop and demand different policies from their successors. I think it's crucial to realize austerity could only make things worse and that it's currently being forced upon a number of the poorer EU countries (I'm also a citizen of one). I'm sure corruption is a problem, but in this case it goes much deeper and runs right into the almost religious adherence to neoliberal economics throughout Europe and the US.
How do I know? The idiot in charge in my country spent thousands of millions of euros developing that near-sighted idea to no avail. He just kept the housing-bubble men busy for a while longer.
And then along came deficit.
The employment market and other aspects of the Spanish economy are stuck in the middle ages.
Surprisingly, the big Spanish banks were mostly responsible and have done better than banks in other countries, but the rest of the economy is bust because half was in the construction sector and the other half was is the government sector, you can't have a viable economy like that, you need private productive industries, and for that you need to make it possible for people to start new business and properly run existing business.
The private sector cannot currently be the solution because the money it depends on are in banks as I pointed out before. Banks aren't lending because of the problems on their balance sheets. The government, on the other hand, can print money and is the only institution that can do so, so it is your only option.
My evidence in support of what I'm arguing is Germany, whose government intervened to stimulate the economy and currently has had less of a drop in employment than the US even though its GDP fell more. Work-sharing is the most prominent, and probably most successful, program in that regard.
NOTE: I'm not arguing this is sustainable forever. What I'm arguing only applies to the current situation, which is anything but normal.
Often people ask me if I plan to go back to Spain, my answer has always been invariable "No way, are you mad? Why on earth would I want to go back?".
Still it hurts so much to witness all this.
It is bad in Spain for sure, but I'm not seeing the youth (or older actually) getting more creative unfortunately; the weird will to cling to what was (and doesn't work anymore) like 'the siesta' is painful to see.
How is this surprising after one of the greatest housing bubbles in history burst?
They are protesting for a more balanced approach.
The big Spanish banks, unlike banks in most other places, acted relatively responsibly and have not needed to be bailed out (the 'cajas', which are local banks controlled in part by politicians on the other hand are totally bust).
The current situation is this - we have a financial crisis set off by the collapse of the US housing market (the biggest single market in the world). Because of the financial instruments involved in financing US mortgages from 2002 - 2008 it's difficult for banks to tell how much any of their investments are indeed toxic debt, which means they don't know if they are solvent or not. Furthermore, they know all other banks are in the same situation, which means they are hesitant to lend to other banks, let alone consumers.
So, we have a stagnant world economy even though we have production capacity and we have people in need of goods and services, because the money supply is essentially being hoarded by the financial institutions. In this situation the government is the only source of demand left. It could create this demand by investing smartly into infrastructure or paying someone to dig a whole and another person to fill it up. One is clearly better than the other, but in the short term they're both better than austerity.
I hope I wasn't unclear. I think it's important that everybody realize this. These people might not have sophisticated reasons to protest austerity, but they are actually correct.
EDIT: I hate to bitch about being down-voted. Please don't think this is about the karma, but it is disappointing. I think what I wrote clearly adds to the discussion. I suppose it's okay to vote down if you simply disagree, but I spent time constructing a thought-out response and I think at least a discussion of where I got it wrong is in order...
City councils not paying gardeners while the mayor says he's won the lotto for the 4th time in 5 years (obvious shameless money laundering that leaves the council with millions of debt).
Banks pay-rolling whole parties to gain favor which is showed later on with no hint of shame.
In some autonomous communities (Länder), a third of the politicians running for office have ongoing lawsuits about corruption.
They just spend their entire hours wheeling and dealing while the countries becomes the next Argentina.
the ideology is like a religion, both are outside of the realm of reason, any attempts to prove something in that realm is stupid and futile.
Respect it? What for?
By the way, and this is just a suggestion to HN, those that down-vote based on whims or disagreements should be heavily penalized. It's correct to down-vote spam, trolls, offensive postings, or comments that add nothing, but it's very wrong to discard what others say simply because it's not the music that the powerful button clickers want to hear.
>Religion is very easy to prove wrong, using logic, facts, and science.
No. Check any good book or university course on the philosophy of science. Religion and "logic, facts, and science" are completely disjoint realms, and have no connection, intersection or whatsoever relation. Just for illustration : any of the following 5 ideas for example - "God created evolution", "God doesn't exist", "The Earth is flat as created by God", "There is only one God", "There are five Gods" - aren't in logical contradiction with each other as they belong to the realm of religion which is outside of the world of logic and science where notion of logical contradiction exists and limited to. The same way, any and all the 5 together of these ideas have no relation to or any effect on or affected in any way by any of the established scientific facts, like for example, evolution, pie=3.14... or "the Earth is round and flies around Sun" - as the facts belong to the realm of science which is disjoint with the realm of religion where the above mentioned ideas belong to.
>Respect if you don't have a better argument. Better in terms of logic, facts, and science. Respect if the other person is following logical implications.
once you have it and do it, i guess you'll see the respect you want.
As a way to balance our powers, I left you a blackspot for everyone to read at http://www.spottiness.com/spots/JEM5U01L
If you had your email address in your HN profile, I would have sent you a code that allows you to respond.