Friday 30 March 2012

CAPITALISM ISN'T WORKING.


     Unemployment among young people in Greece is running at 51.1%, the worst of any European country. Another factor not widely known is that in Greece unemployment benefit is only paid to those who have paid national insurance contributions, and it only runs for one year and then it runs out and you get no financial assistance, no free health care. Since more than half of the young people have never had a job they are on their own, relying on friends and family. This hardly measures up to the accusation that the Greeks paid themselves too much for too long. A lot of these young people are among the first in their family to go to university, and their prize is unemployment. Today one in three graduates in Greece is without work and among post graduates unemployment has double.
     Among these young people, and we are talking about more than half the young population, there is tremendous anger and frustration, and with that comes the looking for answers, with revolution the main avenue being discussed. At this moment in time there are approximately 20,000 homeless in Athens and it is estimated that approximately 70 former government buildings in the city are occupied and being used as squats.
     Of course the Greek state can’t do anything for these young people as it is willingly under the control of the financial barons in Brussels, whose only thought is the enrichment of their banking system and the survival of their precious Euro dream, the human cost is an irrelevance. We will all pay the same price as the young Greeks, if the financial Mafia deem it necessary to further their policies, and our government does, and will willingly continue to submit to those policies.
      Across Europe the total unemployment rate is 10.7%, with youth unemployment running at 22.4%. That is over 24 million people unemployed, with youth paying a disproportionate price in every country. The message is capitalism isn’t working.
Country:  Total:   Youth:        Country:   Total:   Youth:  
Hungary: 10.9%   27.3%        Poland:     10.1%    27.5%      
Bulgaria: 11.5%   28.9%        Slovakia:   13.3%   36%        
France:    9.9%     23.3%        Italy:           8.9%    31.1%
Sweden:   8%       22.4%        Britain:        8.7%   22.2%     
Ireland:    14.8%   29.6%       Portugal:     14.8%   35.1%   
Spain:      23.3%   49.9%       Greece:        29%     51.1%





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2 comments:

  1. And neither will socialism

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    1. We are experiencing capitalism at the moment and it isn't working. Can you perhaps give us your personal experiences of socialism, you know-- the experiences on which you base you informed comment?

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