Part of market economy is that unfit competitors have the freedom to be removed from the market. Thats keeps the market healthy, the competitors strong, and the number of socalled zombies low. I wish the Germans would have done like your govenrment did. But ther German government decided to take 380 from the tax payer'S pockets and throw it after Condor, not to piss voters. Thats is taking out that one quality that makes the market actually the "market": the competition. When nobody is allowed to lose anymore, there is no competition anymore, but its planned zombie-ism.

Economists say that a healthy national economic system can sustain to pull 5% of uncompetitive companies along with it. That was roughly the quota met in the EU zone before 2008. Today, this quota has risen to somewhere between 15 and 20%, depending on who you ask.

That translates into every 5th to 7th company and bank in the Eurozone today is a zombie and is unfit to live by its own competitive power and must be artificially held alive on tic, at the expense of the consumers and tax payers. Think of it: every fifth to every seventh! That is madness.

The zombie quota is constantly climbing, thanks to the knocked-out currency system.

Oh look, German Thomas Cook today filed for insolvency, too. And quelle surprise - the demands are mounting that the govenrment should bail them out as well. Correction, I mean: the tax payer should bail them out.

There are a growing number of complaints from the public that the competitors have raised their flight prices by as much as three fold in some cases.

That's very healthy for them but not so much the consumer/tax payer.

I'm liking the questions to the Attorney General, more so his answers he even threw in Monty python's dead parrot sketch. :har:

https://www.bbc.co.uk/news/av/uk-pol...-is-a-disgrace

And why do they pay the prices if they do not like them? Answer: preference. Thats how the market competition ticks. Dangerous it becomes when there are monopolies on vital, essential goods and services. These dangerous conditions consumers must prevent already when they are forming up: by diversifying their own consumer behaviour and buying decisions, and driving politicians and bankers into the sea who want to enforce them. To understand that, schools would need to teach this liberal economy model. But what do schools teach (if they touch upon economics at all)? Right, social(ist) "market" economy and that it is socially fair to bail foul apples out.

Many people, they said on TV, booked their flights with Condor and Thomas Cook even at times when it was almost clear the compoany would collapse, where at high risk. They hoped, becaseu the hope for a nice holiday is so powerful an agent to chnage reality... Well, some people really ask for it.

Those who now get returned on state'S costs, shoulkd have their tickets checked, and if they are found to have booked within a certain time period imminent to the critical days, one or two dayys before Cook announced they do no longer sell anything, they should need to pay the costs for their state-operated rescue back.

Really. I leaves me speechless in some cases how blindly people booked with desaster being imminent. If your preference is such and leaves you starry-eyed, okay, your right to do so. But also: you are rerpsnmsi89bole for your decvisions. Not the others.

I am not talking about the vast majority of people who booked months in advance. I am talking about the obviously stupid ones.

The PM is due to speak at approximately 4.30 pm so that should prove interesting :hmmm:

Most interesting for me though was seeing my old friend David Miliband (former Foreign Secretary) being interviewed in New York on the Sky News Kay Burley Show during which he couldn't resist in stating that the UK not only needed a strong government but also a strong opposition :)

Far too much went on today to mention it all but it is all there in the link below.

https://www.bbc.co.uk/news/uk-politics-49827803

Highly entertaining but worrying at the same time.

So Bojo is in the dog house for his comments and the government or so using loaded words like surrender. I watched a modest amount of it and to be honest the lot of them were acting like kids, for me this is just more proof none of them are fit to vote for.

I AM SO GLAD I DO NOT VOTE FOR ANY OF THESE SHAMEFUL DISGRACEFUL PARTY'S.

Both sides are equally culpable.

I bet Psycho Dominick is having a good laugh today as he hates politicians, makes me wonder how much he had a hand in that sham last night. I have not checked all the media reporting but what I have they were reporting more of Bojo and yet I clearly heard from the labour benches...liar, is that really the way to conduct themselves.

And now today watching the news their all saying sorry and we must improve ourselves....yea yea yea yea what a load of BS we all know it will happen again.

Watching these bunch of hippocrits now laying into social media while they say we are going to improve our standard's l find laughable. What next a group hug and toast marshmallows while having a sing a long....please no thanks.

:har: :har: :up: