Austerity – essentially saving and paying back – is probably a recipe for a In ancient Mesopotamia, debt was commonplace; individual debts. Posts about Back to Mesopotamia written by aurelius Ways Out Of The Crisis”” where The Boston Consulting Group (BCG) helped explain. In Back to Mesopotamia? a now prescient report by the Boston Consulting Group (BCG) published in September it was argued that, while.

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Fiscal policy cannot be a substitute for supply side generated aggregate demand. There is a striking similarity between the US and Japan in the development of stock and real estate prices See chart below. Hewlett and Packard are better off emancipating. You are commenting using your WordPress. We should fire actual politburo shamans immediately, and hire new governors that will abide to objective criteria when determining the size and composition of the currency Central Bank balance sheets.

Public debt has increased exponentially, even if private debt has been trimmed moderately in some countries, offsetting some of the increase. Public deficits mask supply side or income distribution inefficiencies, and money ends up in the pockets of the large companies Kalecki profit equation.

Wealth Tax: Back to Mesopotamia [2011 paper by BCG]

Creditors, and junk bond holders, please check with your cardiologist before reading further. Notify me of new comments via email. Unfortunately, reaching consensus on such tough action might requiring an environment last seen in the s. The day after should come asap. We have a lot of work to do the day bcf.

And if the prospect medopotamia very soon a government near you will force you to hand over a third of your wealth, here is the rest of the terrifying analysis of what will happen to the world in order to get it back in order:.


Periodically, on the ascendancy of a new monarch, debts would be forgiven. For this to be effective, they would need to restructure all debt, probably at around a maximum combined level of percent per country. By continuing to use this website, you agree to their use.

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I am not suggesting we have to tax more. But not before the biggest episode of “transitory” pain, misery and suffering in the history of mankind. In point of fact, they are the front-runner for something that will spread faster than Ebola. We have argued for a long time that the US economy needs to address some fundamental issues in order to become globally competitive again. We should have buried him a long time ago. This was the case in Ancient Greece and Rome.


In a pre-whatever-it-takes world, it was a truism. They excel at that.

Wealth Tax: Back to Mesopotamia [ paper by BCG] | Late Monsoons…

Email required Address never made public. We need to fully employ the highest percentage of the population that we can. The only possible discussion focuses on how to distribute the burden of sacrifice needed in order to free up enough budgetary resources to fulfill the commitments of the indebted nation.

Rome was no better see picture below. If we want a sound economy, we have to accomplish a couple of major paradigmatic changes in the tl order of things. To what measures might they have to resort? We need a global income mesoporamia that bears no distinction between payroll income, and independant professional income. In putting an end mesopptamia muddling through, the government might also embark on a major restructuring of the economy:.

It can be done in two ways.

Back to Mesopotamia? (The Boston Consulting Group) | PDF Flipbook

Acknowledgment of the facts may be the biggest hurdle. But mesopoamia facts would need to be acknowledged before decisive action could be taken: In this paper, we describe what might need to happen if the politicians muddle through for too much longer.


Fiscal paradises have to be outlawed.

These cancellations correspond to different contexts. Inflation will be the preferred option – in spite of the potential for social unrest and the difficult consequences for middle-class savers should it really take hold.

Since the publication of Stop Kicking The Can Down The Road, a number of readers have asked us what would happen if governments persisted in playing for time. There is one thing we would like to bring to our readers’ attention because we are confident, that one way or mesooptamia, sooner or later, it will be implemented.

The US government deficit is not sustainable and will need to be brought to acceptable levels, which will slow growth and amplify the problems of the private sector.

And they abuse their bargaining position with governments see aboveemployees see chart belowand clients apple store compulsory use is a good example. You are commenting using your Facebook account.

mesopotama Just look at the girl in the featured image; her charming eyes … and the garbage around her. The programs we have described would be drastic.

A correlation does not mean causality, but it is a sobering picture should Ben Bernanke and his team fail to reflate the economy. It is the only way to efficiently tax the rich.