The Fatal Conceit: Germany As Europe’s Economic Schoolmaster – Achim Truger – Social Europe Journal

Subregions of Europe (UN geoscheme)

Subregions of Europe (UN geoscheme) (Photo credit: Wikipedia)

This is an excellent, HIGHLY RECOMMENDED READ from Achim Truger, published in the Social Europe Journal.

The Fatal Conceit: Germany As Europe’s Economic Schoolmaster – Social Europe Journal.

Personally, I very much identified with the thrust of Achim Truger’s argument. More and more top German economists are expressing similar views.  Many of these views have been expressed quite forcefully outside Germany for a number of years.

Unfortunately, the challenge is to turn the views of the German people, sharing the evidence of economics, rather than Ma and Pa household economics. In my judgement, the German political classes have not been entirely candid with the German people.

With overwhelming opinion now critical of the excessive austerity policies of the European Commission and the Troika, Angela’s Merkel’s new Government urgently needs to take the initiative in Europe.  There are opportunities to limit the damage from austerity and put the European Commission back in it’s box.

I suppose the interesting open question is:

Will German Chancellor, Angela Merkel try to balance German conceit and lead a more harmonious Europe?

Any thoughts?

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Unlike Detroit Chicago’s Diversified Industrial Base Has Helped It To Succeed

The new Prentice Womens Hospital, Chicago, Ill...

The new Prentice Womens Hospital, Chicago, Illinois. (Photo credit: Wikipedia)

Chicago

Chicago (Photo credit: Big Swede Guy)

Chicago Skyline 2008

Chicago Skyline 2008 (Photo credit: TomC)

12th Street Bascule Bridge, Chicago, Illinois ...

12th Street Bascule Bridge, Chicago, Illinois det.4a16992u (Photo credit: Wikipedia)

Chicago Skyline

Chicago Skyline (Photo credit: Frank Kehren)

This is an interesting piece of research published in the Social Europe Journal. It’s a STRONGLY RECOMMENDED READ, in my view.

Unlike Detroit Chicago’s Diversified Industrial Base Has Helped It To Succeed.

It’s interesting to compare the Chicago Vs. Detroit analogy to many Northern cities in the UK and to speculate why so many UK cities are probably closer to Detroit than Chicago; I sense that ineffective and narrow-minded Local Authorities, with their changing political masters is probably a pivotal factor.

Let me turn this to an open question:

Why are so many Northern cities in the UK closer to the bankruptcy example of Detroit, rather than the renaissance example of Chicago?

Any thoughts?

 

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