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[cem_devecioglu]

cem I'm not saying greeks are the only one to blame, but hey you cannot spend more than you have.
If you do it you'll end up in big problems.
They are used to spending more than they have and they don't want to give it up

 starting with USA, many western countries (with few exceptions) are in this situation (and my country also) .. and I'm afraid it will get worse..
 
cheap labour , and cost effective high production in east hits the markets and high sum owning groups are changing positions and trade
 
accordingly.. and there are also lots of other factors (some historical) bring countries to that point.. and its inevitable unless..  

[Rods2]

No Western Government have risen to the challenge of globalization with the exception of possibly Germany, but I even doubt this long term.

Personally I don't believe in protectionism policies as they just prolong the life on overpriced, inefficient industries, where the management are not up to the task. In proper capitalism, if you are not up to the task of providing desirable products or services, at the right time, at the right place and at the right price you get found out, by people going elsewhere. This applies to all businesses big and small as Tesco are finding to their cost at the moment. As the founder of Walmart, Sam Walton said: "Who can sack everybody from the Chairman to the cleaners in a company? Their customers. Woolworths is a classic example of this where they lost their way. Now is they had copied Wilkinsons they would probably still be in business.

Protectionism is like having an Olympic games, where certain countries because they are better at producing winning athletes in a particular event to be made to carry a weight penalty to give the rest a chance.

This country is in a particularly bad position where our highly politicized education system is rapidly slipping down the world rankings because of the socialist political meddling, where we need more scientists, engineers and mathematicians the number of UK graduates is going down. Everybody has a Mk 1 pair of arms and can do unskilled jobs, these are the ones increasingly going abroad, where labour costs are much cheaper.

The challenge is to increase skills so that we can produce products and services that people are prepared to pay a premium for. We have got world class industries like Rolls Royce, JCB, BA, Virgin, BP, Lever Brothers, F1, Premiership Football, Tesco, Vodafone and ARM to name but a few. But we need more and we also need more visionaries to create completely new industries. I can only think of one UK product in that class at the moment and that is Richard Branson's space tourism project.

A good start would be to get rid of our current socialist high taxes, and all of the unnecessary raft of red-tape micro management regulations including the minimum wage. The reason youth unemployment is at an all time high in the UK is that the minimum wage does not reflect the cost of taking on youth compared to more experienced workers. If you insist on keeping some sort of minimum wage then the youth rates should be based NOT on age bands, but employment experience, so the first three years are graded at say a minimum of £3, £4 and £5/ph. Even at £3 that is £120 per week almost double the dole money of £67.

Without meeting these challenges, which none of the ConDemLab do in any shape or form, then it is only a matter of time before we join Greece and Spain.

[Shackeng]

I do not believe we will solve our problems in this country as long as we allow ourselves to be governed by the types such as we have at present, of all political colour, and who happily renege on any electoral promises they make. (e.g. Cameron and the referendum)
Since WW11 we have gradually allowed a political class to develop who have very little idea of what life is really about, as they are, for want of a better term, professional politicians. A typical route to becoming an MP is, after A levels, a PPE degree, possibly a short time in the law, a period as an intern at Westminster doing 'research', and thence to a parliamentary career. Very rarely have they ever achieved anything by hard work in industry or the armed forces, and in many cases are propelled into positions of great power and responsibility by the time they are 30. It is time that a realistic standard of age and experience was demanded of those who would wish to tell us what to do.

[cem_devecioglu]

yesterday night there was a film about W.Bush.. unfortunately capitalism needs those types to command easily.. and even the next was not very different as time proved..desperate imo..