Why Can't Italy's Economy Get into Gear? Consider the Taxi Line
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Re: Why Can't Italy's Economy Get into Gear? Consider the Taxi Line
#2Re: Why Can't Italy's Economy Get into Gear? Consider the Taxi Line
#3I always found Italy as a neighboring country to have a pretty good workers' rights and an active government body that crushes foreign agents attempting to break the status quo at the cost of the common man. Maybe that slows down the economy, but the end result seems to benefit the middle class more than in the rest of the world where the economy is basically extincting it. I imagine there's a lot that could be done to raise the economy, but it's hard to say what can be done without lowering the living standards somewhat for the majority of people.
Re: Why Can't Italy's Economy Get into Gear? Consider the Taxi Line
#4I always found Italy as a neighboring country to have a pretty good workers' rights and an active government body that crushes foreign agents attempting to break the status quo at the cost of the common man. Maybe that slows down the economy, but the end result seems to benefit the middle class more than in the rest of the world where the economy is basically extincting it. I imagine there's a lot that could be done…
Government policies that prevent economic growth and ensure high unemployment rates do nothing to benefit the middle class. It's better to limit worker rights because that makes employers more likely to hire workers in the first place. This improves growth rates and economic mobility.
Re: Why Can't Italy's Economy Get into Gear? Consider the Taxi Line
#5I always found Italy as a neighboring country to have a pretty good workers' rights and an active government body that crushes foreign agents attempting to break the status quo at the cost of the common man. Maybe that slows down the economy, but the end result seems to benefit the middle class more than in the rest of the world where the economy is basically extincting it. I imagine there's a lot that could be done…
Government policies that prevent economic growth and ensure high unemployment rates do nothing to benefit the middle class. It's better to limit worker rights because that makes employers more likely to hire workers in the first place. This improves growth rates and economic mobility.
I was watching a documentary on the penal system in brazil and how companies use it to exploit them and treats inmates as a cheap right-less, tax-evasion slave workforce
Re: Why Can't Italy's Economy Get into Gear? Consider the Taxi Line
#6> Italy’s economy is 1.5% smaller than it was in 2007
That is impressively bad for a developed western economy.
I suspect the country would be in severe trouble if it wasn’t for their membership in the EU single market.
Re: Why Can't Italy's Economy Get into Gear? Consider the Taxi Line
#7I always found Italy as a neighboring country to have a pretty good workers' rights and an active government body that crushes foreign agents attempting to break the status quo at the cost of the common man. Maybe that slows down the economy, but the end result seems to benefit the middle class more than in the rest of the world where the economy is basically extincting it. I imagine there's a lot that could be done…
Government policies that prevent economic growth and ensure high unemployment rates do nothing to benefit the middle class. It's better to limit worker rights because that makes employers more likely to hire workers in the first place. This improves growth rates and economic mobility.
> prevent economic growth and ensure high unemployment rates
odd to hear reliable Chicago-School-of-Economics "facts" spoken with such confidence, while ignoring the change of local roads to superhiways, and 100 local retail stores closing at the same time. The very nature of the consumer transaction is changing. Economic analysis at the Nation level says that daily spending by consumers is the large majority of economic growth, especially when subtracting pure-government spending programs in the analysis.
Where are consumer transactions taking place? Involving what number of ordinary jobs? Consider that in the last five years, basically all retail clothing in New York City has closed. Are Milano or Rome different?
There are seismic, continental changes in economy that are not addressed by simple supply-side one liners.
Re: Why Can't Italy's Economy Get into Gear? Consider the Taxi Line
#8I always found Italy as a neighboring country to have a pretty good workers' rights and an active government body that crushes foreign agents attempting to break the status quo at the cost of the common man. Maybe that slows down the economy, but the end result seems to benefit the middle class more than in the rest of the world where the economy is basically extincting it. I imagine there's a lot that could be done…
I always found Italy as a neighboring country to have a pretty good workers' rights and an active government body that crushes foreign agents attempting to break the status quo at the cost of the common man.
It's funny how often that involves interfering with the "common man"'s own personal autonomy.
Re: Why Can't Italy's Economy Get into Gear? Consider the Taxi Line
#9I always found Italy as a neighboring country to have a pretty good workers' rights and an active government body that crushes foreign agents attempting to break the status quo at the cost of the common man. Maybe that slows down the economy, but the end result seems to benefit the middle class more than in the rest of the world where the economy is basically extincting it. I imagine there's a lot that could be done…
Yeah, the current model works so well that 860,000 Italians emigrated from Italy in 10 years [0]. And their favorite destination? The UK [0]. I guess UK's lack of workers' rights is better than the Italian model for these emigrants at least...
[0] https://www.istat.it/it/files//2020/05/Migrazioni_EN.pdf
Re: Why Can't Italy's Economy Get into Gear? Consider the Taxi Line
#10> Italy’s economy is 1.5% smaller than it was in 2007 That is impressively bad for a developed western economy. I suspect the country would be in severe trouble if it wasn’t for their membership in the EU single market.
That is what is keeping them afloat (along with Greece, Romania, Bulgaria and Hungary to some extent).