Thursday, April 29, 2010

Melina Velba Car Milker

Letter to L'Espresso - ITALY FEVER

I would intervene, if that is also a common mortal who has the reputation of two distinguished professors who have published material on the diagnosis and prognosis, I would say dramatic economic and financial crisis of our country, but has some good information base for their studies and some deeper and not quite trascurabile.Uri Dadush Moises Naim have undertaken an analysis of the Italian situation, certainly a high level, which is to be accepted fully regarding the cry of alarm that they throw on the real Italian situation and the invitation not to underestimate the danger, very plausible, that the default could happen at any moment. Absolutely agree with the first of the dangers they expose the chasm of debt. On the rest of the prognosis and, conversely, there is much to object.
totally misleading is the observation that one cause of its deteriorating should be attributed to the high labor costs in Italy compared to other countries our competitors for the following observations:
1) Not only in Italy, but in the world, productivity growth has not led to an improvement condizioni di vita dei lavoratori, come ha dimostrato Rifkin qualche fa, che l’Espresso ha pubblicato; ad un aumento di produttività negli ultimi dieci anni, prima della crisi, ha fatto riscontro l’espulsione di 31 milioni di lavoratori a livello mondiale;
2) L’affermazione dei due autori è in pieno contrasto con quanto vanno sostenendo da tempo i sindacati italiani (tutti) in merito alla perdita di potere di acquisto, consistente, dei salari italiani rispetto all’Europa;
3) Ed infine, sembra smentita in pieno dai dati contenuti nella Tabella pubblicata all’interno dello stesso articolo, dove il costo del lavoro (al lordo) italiano viene dopo quello di altri 11 paesi competitors e il raffronto is more acute if they are taken into consideration the net wages, cut in half by taxation and social security contributions.
From these observations follows the logical and consistent for the prescription to heal the economy and the debt can not be certain to cut wages by 6%.
Besides any consideration of the effective feasibility of such a diabolical measure that would strike again and more workers, which in such cases would have the strong support of trade unions, the supposed benefit that should result in incentives for economy, would be compromised, and would produce a backlash opposite, because it causes a phase of decline in consumption and thus trigger a cycle depressed economy.
Based on these considerations, the same analysis on the public debt becomes partial and incomplete, in some ways only hinted at.
Italy, the past three decades, is locked in a choke hold because of the immense, unsustainable debt stock and associated costs it generates. Despite twenty years of operations implemented by the annual financial debt today is not only not diminished but rather increased, with the result that all the additional resources be excluded from the mass of citizens are finished swallowed up by the abyss of debt, with the further enrichment of holders of government bonds and a latent depressive trend of the economy, with the fearful stagnation in all sectors of the school infrastructure, from health to justice, from airlines to railways, and the list is long, you do not save anyone. The hellish plot
stock of debt charges arising from it, reflections on the economy and finance, says clearly that there are not many openings for the crisis. The vice, of which I spoke, is simple: if the economy continues to stagnate, the level of interest rates to remain low, but in that case there can be no growth if it is, the level of interest rates relentlessly growing and may well lead to the default Greek feared that the two economists. As if
ne può uscire?
Con una manovra combinata tra prelievo straordinario sui patrimoni di quel 10% di cittadini che possiede il 50% della ricchezza finanziaria (vedi relazione Bankitalia) e una contestuale revisione dei meccanismi che regolano i titoli di stato. Sul mio Blog ho pubblicato una proposta concreta e specifica sull’argomento, rifacendomi anche alla Relazione che il Direttore del Debito Pubblico ha presentato al Parlamento, qualche anno fa, sugli innumerevoli provvedimenti adottati al riguardo dall’unità d’Italia fino al 1945, allorquando il debito è stato praticamente per effetto dell’inflazione bellica.
E forse non è una semplice coincidenza la circostanza rilevante che la ricostruzione post-bellica, first, the Italian economic miracle and, later, have taken place in a context of absence of public debt and primary surpluses until 1965. At this point I ask
Espresso, the popular weekly piu'autorevole in Italy, open to dialogue with a comparison to the deepening of important issues, why such a proposal can not be brought to the attention and debate among readers?
least one support, more 'that authoritative by the shareholder of the week, Mr. De Benedetti, I should pick up, since he launched the idea of \u200b\u200ba special tax on assets in the columns of "only 24-hour , last September, on the basis analysis and arguments that match in unison with those developed by me in the brochure published in January 2007, "Why urge the sheet." Francesco Calvano

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