Comments by "The MSM Loves war" (@themsmloveswar3985) on "Gresham College" channel.

  1. With regard to productivity, the state sector is an underperformer in most Western countries. And it has been a lagging factor on growth, for decades. On the other side, it has influenced the growth of state debt and pushed it upwards. With regard nto state financing, there is a massive problem where state sector productivity remains stagnant, or grows negative (as it has in many countries since 2005), and state debts grow beyond the capacity of the rest of the economy. New term. Symbiosis. Nobody seems to be talking about this. But this is what happened in Greece, and is about to happen in Italy, Belgium, Ireland and certain US states (for example New Jersey).
    2
  2. Driving the disaster that is Greece is a serious problem with productivity. It is not the percentage of people in the workforce, but the actual output per particitpant. And that is primarily influenced by the deployment of capital. The issue of "discouraged workers" is also problematic in California in particular in the US.
    2