http://ec.europa.eu/economy_finance/euro/why/index_en.htm
An easy choice when the arrows are pointing up. When there is retraction and the pie is getting smaller there are anxious glances as to how the others have kept their books. arthur From: [email protected] [mailto:[email protected]] On Behalf Of D and N Sent: Thursday, January 20, 2011 1:42 PM To: RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION Subject: Re: [Futurework] Euro encore Wasn't one of the ideas of introducing a common currency to be rid of "currency speculation" instead of just banning or outlawing it at the market level? Darryl On 1/20/2011 10:29 AM, Ed Weick wrote: I would agree that where cultures are as different as those of Native Americans and Europeans there is little hope of finding common cause. One wins; the other loses. However, in the case of countries of the EU, cultural differences are relatively minor. What they did in the case of the Euro is adopt a common currency but continue to maintain control over their respective economies. The result has been a rather messy mess, which is something that often happens when idealism trumps practicality. Ed ----- Original Message ----- From: Ray Harrell <mailto:[email protected]> To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION,EDUCATION' <mailto:[email protected]> Sent: Thursday, January 20, 2011 9:16 AM Subject: Re: [Futurework] Euro encore One should remember that the U.S. and Canada have a very poor record with this. As long as the immigrant mix is uniform then the currency can follow but when you have vastly different ethnic cultures in states then the cooperation tends toward patronizing competition and creates disharmony. Think Iraq as another example. The Europeans couldn't have competing societies and societal forms with us so they basically committed genocide to disempower us rather than cooperate and build a common future. Racism is another version of same. In my mind this proves the fallacy of "economics as the core value" [i.e. wealth as the definition of value,] of a society. Money follows what truly is the core value of a society and that value is culture and the web of relationships and assumptions culture creates [or maybe religion] but it definitely isn't business or investments. Business is amoral and favors solutions that piss people off. It took a thousand years for China to arrive at their harmony and it is still tenuous with their different languages and ethnic strains. Such disharmony is the reason that native peoples couldn't resist the invaders from Europe. It's also the reason that empires are always bound to fail as a system. Admittedly this is simply my opinion. Prove me wrong. REH From: [email protected] [mailto:[email protected]] On Behalf Of Ed Weick Sent: Thursday, January 20, 2011 7:43 AM To: [email protected] Subject: [Futurework] Euro encore And more Krugman. The idealistic concept that a bunch of countries with differing problems and different fiscal and administrative systems can operate under a single currency is bound to unravel. http://www.truth-out.org/the-eur-flailing-threatens-europe66926 _____ _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
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