[PEN-L:30648] Re: EU Schlerorsis

["Ian Murray" <seamus2001@xxxxxxxxx>]

----- Original Message -----
From: <phillp2@xxxxxxxxxxxxxxx>
To: <pen-l@xxxxxxxxxxxxxxxxxxx>
Sent: Monday, September 23, 2002 3:28 PM
Subject: [PEN-L:30646] EU Schlerorsis


> Several times in recent days Ian and other have posted articles
> about the abject failure of the EU to deal with its economic
> problems (and also similar articles about Japan).  Many of the
> posted articles end up referring to the failure of Europe -- and
> particularly Germany -- to deal with 'labour market inflexibility.'  By
> posting these articles, without comment, gives the impression that
> 'labour market inflexibility' is the cause of the Euro disease.  This is
> CRAP and mearly repeats the OECD neoliberal ideology that is
> being peddled by the OECD, IMF, etc -- the same crap that is
> being peddled by the IMF, WB etc  -- AND HAS BEEN
> DENOUNCED BY STIGLITZ  in his keynote address to the ILO last
> year.  It has also been demonstrated in econometric analysis by
> Tom Palley in his study posted on the Levy Institute web site.
>
> So why do we keep posting this crap?  There is no labour market
> rigidity in Europe that causes unemployment.  Palley
> demonstrates that  empirically.  Stiglitz shows that theoretically.
> Lets cut that crap and put the blame where it really belongs -- on
> the monetarist stupidities that dominate the ECB and the EMU.
>
> Paul Phillips,
> Economics,
> University of Manitoba


======================

I agree that they are crap. I post them so that if others are sufficiently
infuriated and can afford the time to send a short response and denounce
them [ I do this with various pieces when I'm confident enough to
counterblast], we might make some headway with the media. Writing them off
as hopeless becomes a self-fulfilling prophecy problem........Here's contact
info for the Guardian. I'm pretty sure the contact info for the NYT and Wash
Post are in the archives.

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