Saturday, March 16, 2013

Greek Unemployment

How can unemployment get to 26%, or nearly 60% for under 25 year olds?  Only too much government can cause this result.

Unemployment in debt-crippled Greece rose to a record of 26 percent in the last quarter of 2012, as austerity measures combined with a deep recession took a harsh toll on the workforce.
The figures were worse than the previous quarter's 24.8 percent, and 20.7 percent a year earlier.
The national statistical authority said Thursday that 1.29 million people were out of a job in October-December 2012. In the under 25 age group, unemployment was 57.8 percent.

By letting the state control any and all, there is no rational limit to its control.  Problem is, the few who play king "to fight our battles for us" simply are not capable of directing an economy (from the Greek "household").

Those who clamor to be oppressed find at the end of the line any faculties in self-employment (what I now call customer-employment) have atrophied to the point where they become a mere statistic.

There is no end to the work that needs to be done.  Instead of working, people take to the street and protest that the state has failed.  They demand the state not fail.  Of course it is desperate, since they have a false dilemma: state success or death.

We all love a system that works for us, even if we can see that it does not.  Even if we can know that it can not.  This is not limited to Greece.  C'est la vie.



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