The Major Economic Problem With Italy and the EU – May 31, 2018
I remember a few years back when all everybody could talk about was Greece. Greece this, Greece that but Greece is small in size compared to Italy. I’ve always argued that the country people should be closest to is Italy. Mind you when I was writing about this it was prior to the influx of economic migrants which now give an excuse to the problem.
The real problem with the European Union is socialism. If you want a socialist utopian union all countries within the Union must share similar socialist ideals running the municipal, provincial/state and federal governments. That being said I should point out that personally, I ‘m a believer in individual rights as well as Capitalism. when humans view themselves as individuals instead of a collective their reactions to economics differ greatly than those who seem themselves as a collective.
That aside my ideas aren’t the reality, currently, the problem in Europe is what’s the best way to maintain socialism. The Italians have had problems with their currencies before and the problems usually stem from the people wanting some sort of social safety net. The problem with a social safety net is not the implementation it’s the maintenance. In order for socialism to work, as a country, it’s extremely that you’re exporting more than you’re importing. What this means in the socialist economy is you should be manufacturing goods that world needs.
Germany as an example is known for quality, quality equates to the ability to sell your products at an above market value, which in turn leads to the government having the ability to pay for its citizen’s social safety net needs with money left over and investment dollars pouring in. This type of socialist system requires a hardworking populace, it can also be achieved without flooding your country with economic migrants. The flaw in this system is, of course, is a higher cost of living coupled with an overly worked population who typically won’t have more than 1 child.
Capitalism, of course, is the cure to indigenous populations only having 1 child because as people get wealthier or have a low cost of living they’ll tend to have more children because they don’t feel as pressured to make ends meet for their ever-expanding family, plus they’re less worried about government intervening into their lives. It’s important that people understand that there are costs for everything. Life with other humans is all about barter, trade-offs, there’s no such thing as free lunch. If you want the government to play the role of economic God, price fixing minimum wages, unionizing industries thus limiting competition and guaranteeing a comfortable retirement regardless of what a citizen may have done in his/her working years than you have to pay the cost.
The reason economic migrants keep flooding into Europe is because of the perceived welfare. The status, the fact that it would be a better decision economically for an economic migrant to be poor in Italy than to be poor in their countries of origin. Now if the people instead of relying on the big government took the initiative to be reliant and loving towards their one another they could be their own social safety net. So if they ever opened their doors to economic migrants the migrant would know automatically that if he/she wanted to live in this land he/she would have to make themselves useful.
If Italy like many other countries want change, I advise the people to first look at themselves as individuals and change from within first. If you change politicians and expect that things will get better, I think you’re wrong. What’s required is a change in the mindset of the people. A free country is better able to tackle problems as long as the population doesn’t one day become lazy. The flaw with socialism is that emphasis is put on the politicians and not enough pressure is put on the individual citizens. It’s never a wise idea to put too much power to the collective mind as that mind may lose its ability to debate or challenge economic realities.
Interesting times ahead.
