Re: Koehler smarms

[Eugene Coyle <eugenecoyle@xxxxxxx>]

Doesn't Koehler have this backwards?  If Europe's production 
is growing faster, Europe needs more opportunities to sell its goods in
Argentina.  That means more loans from the IMF, doesn't it?

Gene

Chris Burford wrote:

 
How is this for an argument designed to ingratiate with the existing dominant powers, and perpetuate, and intensify such inequality.
 

Koehler said Europe's leaders should stop being content with growth rates of 2 percent to 2.5 percent and raise the potential to 2.5 percent to 3 percent, which would create more jobs and more opportunities for poorer countries to sell their goods in Europe.

Now that Argentina's economy is going to shrink by 10 to 15% this year, it is obvious that it should swallow the bitter medicine and become poor handmaidens producing commodities for expanding countries like those in Europe.

In due course Koehler might pat Argentina on the head, but he knows to whom he has to ingratiate himself, to be "productive".

Chris Burford

London