Past 5 years European Commission initiated measures reducing red tape for businesses by up to €32.3 bn/year – Press Release

September 30, 2013 By dralfoldman in Austerity, Business Administration, Euro Crisis, People, Politics Tags: Barroso, Edmund Stoiber, European Commission, European Union, José Manuel Barroso, Red tape, Small and medium enterprises 5 Comments

The legislative triangle of the European Union

The legislative triangle of the European Union (Photo credit: Wikipedia)

European flag outside the Commission

European flag outside the Commission (Photo credit: Wikipedia)

José Manuel Durão Barroso

José Manuel Durão Barroso (Photo credit: Wikipedia)

This press release from the European Commission is WELL-WORTH A READ. Check it out!

EUROPA – PRESS RELEASES – Press release – President Barroso and Edmund Stoiber call on Member States to step up efforts to cut red tape for SMEs and improve the efficiency of their public administrations.

For me, this is a truly amazing story, the European Commission has been responsible for massive, unquantifiable bureaucracy and inefficiency for decades and now has the hypocrisy to gloat over their success in reducing bureaucracy.

Once again, this makes me think that the EU bureaucrats are in it for themselves, with their gold-standard pension, deep expense accounts, generous benefits and high salaries – these are the people who are proposing austerity for everybody but themselves.

For me, it is time to repatriate power to national governments in Europe.

Any thoughts?

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Income Distribution and Poverty – OECD

September 30, 2013 By dralfoldman in Austerity, Business Administration, Euro Crisis, Fiscal Policy, Growth, Keynesian, People, Politics, Unemployment Tags: Berlin, Developing country, Income distribution, London, Organisation for Economic Co-operation and Development, Poverty, United States, Washington 4 Comments

English: The logo of the Organisation for Economic Co-operation and Development (OECD). (Photo credit: Wikipedia)

This is an excellent source of latest research data on Income Distribution and Poverty, in both the developed and developing World, published by the OECD. It’s a STRONGLY RECOMMENDED READ, in my view. Check it out!

via Social and welfare issues – Organisation for Economic Co-operation and Development.

For me, it is striking, how since the financial crash of 2008, that inequality has increased on such a massive scale. The top 1%, the super-rich, have rebounded strongly and their wealth and incomes have increased enormously. Meanwhile, for the majority, the “great-unwashed”, things have been increasingly hard.

Of course, for the the lives of ordinary citizens of both the middle and lower classes, matters have been seriously aggravated by austerity policies followed in Washington, London and Berlin.

Any thoughts?

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