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IGST

Yulia Latynina on the European unraveling:

It is not just Greece or the euro that is coming apart at the seams. We are witnessing the unraveling of the whole philosophy of European bureaucratic socialism, which by some unfortunate misunderstanding considers itself a democracy.

Takuan Seiyo on unsustainability:

...Portugal, Italy, Ireland, Greece, Spain, Japan, United Kingdom, Baltics, Belgium, France, United States... All are pigs that have been trifling with basic rules of common sense reality, bequeathing a crumbling global Babel to their subjects jointly and severally... Wherever one looks in the global economy, one sees nothing but a trail of erroneous premises and fraudulent promises – 45 years of rule by (criminals, utopians, and crooks)... careening toward the immutable majesty of Reality.

According to Mr. Seiyo, the model is this:

• coddling of workers unions,
• shafting employers,
• tolerating a slack work ethic,
• granting generous unemployment and retirement benefits,
• providing public health care,
• embracing high taxation,
• enlisting a crushing burden of bureaucracy, and
• at all times ignoring the disincentives to entrepreneurship inherent in all of the above.

And this model is essentially a cancerous growth.

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