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This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

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[...] his theory that the ‘overgenerous’ European social model was no
longer sustainable and had to be ditched. Comparing the costs to Europe of
maintaining welfare states with the situation in places like India and China,
where no social safety net exists at all, he argued that Europe was losing
competitiveness and would stagnate unless social benefits were curtailed en
masse. It was as if he was telling me that a start had to be made somewhere and
that that somewhere might as well be Greece.

My rejoinder was that the obvious solution was the globalization of welfare
benefits and living wages, rather than the globalization of insecure working
poverty. In response, he reminisced at length about a secret mission he had
undertaken in the 1970s and 1980s, to liaise with the East German authorities
on behalf of his Christian Democrat party. ‘The DDR people were not bad,’ he
told me. ‘They had good intentions for a social welfare system that was not
economically possible.’ The insinuation was perfectly clear.

schauble. feb 2015

to play devil's advocate: on what grounds what schauble be right? maybe insecure working poverty is the only possibility given the current conditions of production? it's the best way forward in the long run, in order to spur innovation etc in the short term?

the rebuttal to that is: there is no way to viewing our current conditions wtihout a bias, as if from the heavens. can only view from a given position, assess acc to a particular earthly perspective. the current situation works for those who are benefiting from it, and sucks for the rest, and that is all you can say

—p.212 Invincible spring (150) by Yanis Varoufakis 5 years ago