EU inequality

OK I’m breaking my self-imposed law within a few hours.

Ben says EU good

Ben says EU good

 

 

 

 

I usually have utmost respect for Ben Goldacre and don’t want to get into trolling territory on twitter but this is a simplistic statement. The first statement is true. The second is highly debatable if you stratify by age.

It is well known (see Bill Mitchell amongst a wealth of others, many of whom could not be seen as “outsiders” but are well within the mainstream) that unemployment in southern EU countries is appalling amongst the young. 50% or so. People with PhDs living at home with parents and, if they’re lucky, doing some barista work. All courtesy of the banking rules that force them to “live within their means – like a household”. All a nonsense paradigm of course if you understand how money is created and destroyed. But the results are in and have been in for many years now. There is, of course, a strong affinity with the EU, given the benefits of the past. However, recent ECB policy means the young can’t afford a home, and get bare-bones healthcare.