Europe’s Road Toward Economic Ruin

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Relief map of Europe and surrounding regions

Relief map of Europe and surrounding regions (Photo credit: Wikipedia)

With the defeat of President Sarkosy of France by the Socialist Party candidate, Francois Hollande, France is most likely only the first of other European countries where voters will throw out governments that support austerity measures. Already German Chancellor Merkel’s Christian Democrats have lost a key local election, and popular sentiment in Greece is such that its government’s fall is just a matter of time. Europeans, like many Americans, have been spoiled by years of government benefits. Since they are used to such benefits, the idea of losing them is repugnant to the European public. Like most people, they think in terms of their short-term wants rather than the good of the whole. Government programs cost money, and raising more money to mitigate austerity measures means raising taxes. Raising taxes will result in a more sluggish economy and possibly less revenue for the government. If the current trend away from austerity continues, it appears that massive defaults by European nations are inevitable. The consequences, not only to the people of Europe, but also to the people of the world, could be devastating.

If the government treats people like children they will behave accordingly. Europeans naturally wanted an easier life after the horrors of a worldwide depression and two world wars. “The Sweet Life” with two-month paid vacations and limited hours working each week was too attractive for them to resist. As long as Europeans had a moderate to high birth rate, this system could, more or less, work, since young and productive workers continued to be added to the tax base. However, a birth rate below the population replacement value has left Europe aging, with entitlement programs draining treasuries to the point that the only choice for solvency is to borrow more. Debt piles up to the point that a country’s credit rating drops, making it harder to get good loans with reasonable interest rates. If loaning institutions lose confidence in a country over its lack of an ability to ensure a lender a return on investments, those institutions naturally would stop loaning money.

Europeans do not understand that a massive default would destroy the solvency of all the government programs and entitlements that they want. Some austerity now may allow a chance for recovery, provided that the pool of young (especially the skilled young) workers is replenished. This will most likely not be the case, as France and other European countries import foreign workers to meet their employment needs. Considerable opposition in France to such immigration and resulting damage to French culture is reasonable, but then there should be a concomitant interest in native French having more children. Given the contemporary notion that children are a burden rather than a gift, it is doubtful whether most French people will do so, even if offered government incentives. The majority of the French want to eat their cake and have it too (which is the right metaphor, by the way)–to continue to have extensive government benefits while watching what is left in the treasury melt away, only replaceable by higher and higher loans.

A massive default could lead to a worldwide Depression such as has not been seen in Europe since the 1920s (and from late 1929 onward in the United States). If other world markets collapsed, there could be a worldwide Depression that would make the post-1929 Great Depression in the U.S. look like good economic times.

The individualism and egoism of the Enlightenment is finally coming to fruition. Self-centered people will leave a world of economic ruin to those who come after them. Socialism, unlike its proponents’ claims, leads not to greater cooperation, but to greater selfishness. Such selfishness, when “fullgrown,” will leave its ruinous fruits behind if Europeans (and Americans) to not change their course.

John Demjanjuk: A Case of Justice Perverted

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John Demjanjuk hearing his death sentence. Dem...

Image via Wikipedia

John Demjanjuk died in a home for the elderly in Germany, a country to which he was deported and convicted as a Nazi war criminal. The so-called “Nazi hunters” who sought his conviction were hell bent on gaining a conviction, and apparently it did not matter to them whether Mr. Demjanjuk was guilty or innocent. At first he was thought to be a vicious Nazi prison guard nicknamed “Ivan the Terrible.” When this was proven false, he was accused of being another Nazi concentration camp guard. When this was shown to be false, he was finally convicted of being another Nazi guard. Evidence was fabricated in his case, and in no way was there sufficient evidence for him to be convicted. He may have been a German soldier, but if that makes a person a war criminal, then every German foot soldier should have been tried for war crimes. But just war theory forbids punishment of a foot soldier for following his leader’s orders.

Mr. Demjanuk was labeled a “hater of Jews,” but as Pat Buchanan pointed out, given the evidence of his innocent, “who are the real haters”? (see his fine article, “The Real Haters,” at http://www.humanevents.com/article.php?id=31454). The real haters are those self-professed Nazi hunters who are willing to do anything to hid the fact of their incompetence in Mr. Demjanjuk’s case, even to the point of pushing Germany to prosecute him for war crimes. To its shame, the United States agreed to Mr. Demjanjuk’s deportation. Although not all Jews supported what was done to Mr. Demjanjuk, those pushing for prosecution had too much poitical influence on the U. S. Government, and a man died far away from his family in the United States (and was stripped of his U. S. citizenship) where he had worked for years as an auto worker. All this to placate the bloodthirstiness of a group of individuals who believe that the fact of the Holocaust gives them free rein to abuse others on a lesser scale. But the horrible evil of the Holocaust does not justify evil actions by anyone, whether Jewish or not, against a man who almost certainly would not have been convicted in a U. S. Court of law. I suppose that, given United States’ policymakers’ voluntary slavery to AIPAC, the Israeli lobby in the U. S., the actions of the U. S. government in yielding to a similar group should not be surprising. The entire case was a travesty of justice, and I pray that Mr. Demjanjuk’s family will find some measure of comfort in this difficult time.