Quote:
Originally Posted by Rockstar
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It is. I say sionce years and years an economy that is so dependent on export like ours, is not strong, but a weak - dependent - economy.
The cartoon does nto fit, however, it refers not to exporting and productivity and cpompetitiveness, but saving. And regarding the ignorrance for saving, all the world ticks wrong and self-destructive. Most people do not even understand what saving means, they think saving already is not exaggerating it with credits. But saving means to practice abstinence from spending and consummation.And what has been saved this way, later gets invested or consumed, in bitter times, or when investments for somethign to grow are wanted.
BTW, the average wealth of Italian, Spanish and even Greek (!) private households is higher than in Germany! Also is beside Belgium also the highest-taxing nation in the West, and one of the highest taxing nations world-wide. That is because in Spain and Italy house and land property is far more common than in Germany.