To anyone who has read my previous musings my strong feelings for libertarianism, self-reliance, and will-backed effort come as no surprise. I feel that unions and public sector jobs deprive employees of these basic principles of survival due to diffusion of responsibility and operant conditioning toward reward with minimal effort. As long as times are great, margins are strong, and the ruse can continue, but the antiquated structure underlying the reasoning for unions makes them unsustainable not when times turn terrible, but even when economies marginally decline.
We saw this in the auto sector, now the California pension system is getting more attention, and most of all Greece where their public sector accounts for up to 60% of the civilian work force, and more when factoring in the armed forces. It is noble to think that there is a basic human right to retire, but America was not founded on that principle. To me, human rights are confined to the entitlement to do what one wants so long as no purposeful harm is done to others.
So what will happen? It's tough to think that the European culture will change on a dime, and therefore, I suppose that the experiment must fail. Where the States are responsible for earning income tax from California, Germany and others do not need the convenience of Greece on their balance sheet. Strictly from a free market standpoint, Germany must decide that its own future is more important than the welfare of citizens over which it has no control.
The Grecian allegations of market manipulation seem foolish if not comical once it is learned how they gained admittance into the "hallowed halls" of the EU. Their whines ring hollow, and not surprisingly, rhyme, to anyone who has traded in penny stocks. Alas, these proclamations lend credence to the broken mindset on the Peninsula, those being that their sovereign nation is under attack from those who would see the world burn. No amount of reasoning will bring about recognition from citizens who have spent generations suckling from the government teet, that their arrogance has undermined the stability of a shamefully beautiful country. The tragedy then, is that the same impetuous entitlement that broke Greece will be the one that forces Germany to tell them to fuck off.
When I see Greece in the news I think of the shareholder screwings beset upon Americans by the scumbag leadership of Oceanfreight and Dryships. Theirs is not a nation deserving of the goodwill of the world. Only when their will is broken, and total devastation looms will a new generation of entrepreneurship save Greece. They will save themselves.
Thankfully Boeing, Toyota, and others have stood up to the unions here in the United States, but their will is yet strong, and their pockets deep. This smidiot hopes that the free markets can destroy the temporarily weakened unions before more tax payer money goes to strengthening their cause. Failure to do so pushes our country ever closer to economic warfare brought about by market participants willing to challenge the notion that our word is our bond.
As for shrinking the United States government payrolls, I cannot think of a way that that happens now that California and others have broken the balanced budget requirements put upon them. One foot is on the slippery slope, not even inflation can change that.
As for shrinking the United States government payrolls, I cannot think of a way that that happens now that California and others have broken the balanced budget requirements put upon them. One foot is on the slippery slope, not even inflation can change that.
