Comments on: Things change; nothing lasts forever

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By: editor

editor — Mon, 05 Oct 2009 08:55:11 +0000

Its why we all have to get off the treadmill together. No person or even country can do it alone. But it might take an enviromental disater to make it happen.

By: Alex Bell

Alex Bell — Wed, 30 Sep 2009 23:24:48 +0000

Just been looking at the French TV news. Some chap harping on about the need for more growth (ie more consumer spending and shopping). It’s not hard to understand. The French have just budgeted for next year a deficit of €240bn. They have budgeted a deficit every year for the last 30 years, apparently. One day someone is going to have to pay for it, so they need more growth to do so. Or they could just throw all the state employees out of work – a huge amount of people. There are no easy answers in this economic paradigm.
Sarkozy may be with the zeitgeist, but he’s got an economy to run – that’s what they elected him to do. If he doesn’t, it’s bye-bye.