Of course the DFAT grads had no idea what to say to these new thoughts, and all they could come up with were more pre-programmed meaningless DFAT dribble. To which Matt replied, it's mathematics, it will occur. I think dinner ended soon after.
Anyway, just saw a few articles on smh.com.au:
- violence in
as 23 000 protest against making employment of youth easier, i.e., reducing long term structural unemployment; Paris making two of its utility companies to merge in order to stop one merging with an Italian company (in blatant breach of EU competition law); France
- EU opposed to trade liberalisation, damaging EU productivity and stopping EU firms from access to cheaper inputs and hence, reducing EU exports.
What does all this mean …. well the EU, and especially the French, are trying their hardest to reduce European productivity. A very very interesting approach to economic policy when, given the EU’s low and reducing fertility rate, it needs massive productivity increases in order to SUSTAIN their current living standards … lets not even talk about the implications for INCREASING living standards!!!!
I wonder how these facts will affect DFAT dinner table conversation?!? No doubt something about how Nairobi is the new Paris.