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-UE
The fundamental lack of trust of others, such as of government institutions.
Why are there massive protests in Greece? Because of the austerity measures.
Why are there austerity measures that the Greek government is considering or pursuing? Because they owe a lot of money to other countries in the EU, and countries like Germany are leery of lending them more money.
Why are countries like Germany leery of lending them more money? Because they expect to get a return on their investment.
Why are they expecting to get a return on their investment? Because...well, how else are they going to know that their money is well spent? They can't trust others not to squander it, can they?
Isn't the whole point of charging interest because you're entrusting someone with your money but that removes your ability to use it now, and you can't trust them to benefit you as much as you yourself can?
...and shouldn't the criterion be not budget-balancing but governance effectiveness and efficiency?
A similar set of questions can be posed about the debt-mongering in United States fiscal policy.
Discuss.
Comments
Depends, it's much easier to look and judge based on financial statements than (wildly varying) sociological studies. In the end, this is the German's (Or whatever other country you're looking to bail you out's) hard earned money on the line and their investments can be said to be part of their own governance.
Budget balancing is an integral part of creating and running an effective/efficient government, is it not?
Also, thread title is really misleading, I thought this was going to be sociology thread...
It's kind of a few related topics mashed together.
^^ lol @ appropriate response
fuck you i won't do what you tell me
SO DIIIIIE ALOOOONE
THIS IS THE ONE THING THAT I WON'T DO