Trashy's World Rotating Header Image

October 9th, 2011:

For my economics-savvy friends…

… and I have a few…

Tell me something.

Greece. Italy. Portugal. Et cetera. All that economic shit-storm stuff that is happening in those corners of the planet…

I see the main root of the problem being the consequence of horribly enforced tax collection regimes. Tax evasion has been a hobby in these countries – and this is documented widely. But until recently, all levels of government in these nations have turned blind eyes to this.

And… some of these nations have been ruled by left of centre parties for a while, so and the nations’ monetary and fiscal policies have reflected this.

So my question – is the sorry state of these nations’ economies the result of socialist monetary and fiscal policy – or poor revenue management? I’ve seen it blamed on both…

What say you?

(1042)