Tag: financial economics
Financial Times (which is not a left-wing newspaper) published in March 1991 that \”during the boom years of the Spanish economy, there was considerable growth in investments, most speculative, mortgage, rather than increasing the industrial and productive . And of those powders, sludge. But the continuing financial and business class clamoring for \”market flexibility workforce. \” They are not imaginative or innovative. They do not offer part-time contracts, for example, in Denmark and the Netherlands reduced the unemployment of women and older men.
Not think that overcoming the crisis is the creative impulse of new technologies in the enterprise, use of clean energy (for it to be developed), support for specific education of workers … No. They want to lower the dismissal, cheaper labor, reducing or freezing wages, already low in many European countries, we fear, more so in other parts of the world … The OECD published a study in 2007 on the evolution of wages between 1995 and 2005. In Spain, for example, within that period not only was there no salary increase reflected in the purchasing power of workers, but real wages decline by 4%. And then there\’s that other kind of business and financial means that border the law, to put it euphemistically. Carlos Berzosa, an economics professor and dean of the University Complutense of Madrid, reveals that \”we see people who come from middle class and some high income in this broad middle layer, are built big houses, buy houses on the coast and in the mountains, play golf, go hunting, buying expensive cars and yachts and living in luxury. They do not hide from the new wealth, but instead boast of it.
\” To explain below that are \”false entrepreneurs\”, linked to the construction and corruption, which \”seeks are a lynx for business because they have managed to thrive. But they are entrepreneurs, though posing as such, they are intermediaries, opportunistic, beadle. \” Well, there are plenty of those, we fear. Berzosa concludes, quoting the Austrian economist Schumpeter, that \”no employer is any person who has a company, but who actually carries out innovation processes are the basis of real material progress of society.\” How many of those in this world capitalist crisis? It seems that Governments should act decisively, firmly, with some severity, including, without half-measures, to implement measures to resolve the crisis. Or incompetence and corporate and financial greed will make everlasting. Xavier Cano Tamayo Writer and journalist