10 votes

Rome : Protestors take to the streets over high unemployment (Pictures)

Protesters took to the streets of Rome on Saturday to demonstrate against the country’s on-going austerity measures and the blight of high unemployment.

The demonstration, organised by the left-wing Italian metalworkers' union FIOM, witnessed thousands of disgruntled workers stricken by high unemployment figures wave flags and chant slogans.

Italy’s fledgling prime minister, Enrico Letta, is already under pressure to ease the country out of recession, while the ramshackle coalition cobbled together between Letta’s Democratic party and Berlusconi’s People of Freedom party after the election looks increasingly likely to fracture.

Demonstrators gather in Rome's Piazza San Giovanni
Letta’s credibility is not helped by his election promise to make jobs his top concern, an assurance the protesters say he has not kept, with unemployment at record numbers, including 38% youth unemployment.

Speaking to Reuters, demonstrator Enzo Bernardis said: "We hope that this government will finally start listening to us because we are losing our patience."

He was just one of thousands who rallied in on the city’s ancient streets demanding better conditions for the country’s beleaguered work-force.

http://www.huffingtonpost.co.uk/2013/05/18/rome-protest-unem...

From the pictures it looks like a big demo.

Obama is expecting something similar to happen in America in around 15 months time, when the class of 2014 graduate, due to current economic policies (of both parties).

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oops

....

You know, someone could make

You know, someone could make a fortune going out and selling drinks and snacks at those protests.

To climb the mountain, you must believe you can.

great idea

:)

Or they might get mugged. As

Or they might get mugged. As we know, crowds of people tend to act very "emotionally".

Cyril's picture

As Nietzsche put it...

Insanity in individuals is rare; but in groups, parties, nations, and epochs, it is the rule.

(Attributed to) Friedrich Nietzsche

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Government Unemployment Programs always fail for the same reason

When paying for no work, the line always becomes too long. - Mark Twain, 2013
Government Unemployment Programs always fail for the same reason...

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

???

I've never expected the government, or a corporation, or a person to create a job for me. What happened to personal responsibility and having a little snap and hustle about you and taking care of yourself? Not only are most people wasteful and lazy, they want and expect too much. If you expect, and are waiting for the government to create an environment for you to prosper, you will be in for a major disappointment.

What's the purpose of this

What's the purpose of this thread? No one likes "unemployment" if they are trying to earn a living. So what?

I hope you aren't suggesting some kind of government jobs programs?

What purpose do you serve?

You just like to gum up the comments section with a bunch of worthless key punching that means nothing to anyone but you.

It is so obvious what this post means, what the intent is, that anyone that would have to ask is being disingenuous, obtrusive and annoying.

History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower

The purpose of this thread is to demonstrate that civil unrest

is growing around the world at misgovernance.

The protesters in Italy may be misguided at what they think their government should do - it does not make them any less angry.

What I think the American government should do (as a first step).

Cut $1.3tn a year of Corporate Welfare.

Use that money for massive tax cuts for the middle class and below, to raise disposable incomes and get bottom up spending going again.

Raising the income tax thresh hold to $45,000 would cost $500bn a year.
Reversing the payroll tax hike would cost $108bn a year.

Cutting Corporation Tax to 25% and closing all of the tax breaks and tax avoidance measures used by large Corporations to pay near zero tax, would be slightly more than revenue neutral.
I would then make the first $100,000 of profits tax free to give a large tax break to small/medium sized businesses.

The two measures above would start to get recruitment going again.

The question is then what to do with the rest of the circa $650bn a year just saved.
It could be a mixture of deficit reduction or further tax cuts.

There are a number of other things I would do as a first step, detailed in here :-
http://ian56.blogspot.co.uk/2013/05/how-to-fix-americas-econ...

I would then work on cutting the next $500bn of government waste as a second step (with further government spending cuts later).
This would involve large numbers of reductions in government employees and the removal of entire departments like Education and FEMA.

And reduce taxes some more with the proceeds, with the emphasis on lower incomes and smaller businesses.

"In the end, more than they wanted freedom, they wanted security. They wanted a comfortable life, and they lost it all -- security, comfort, and freedom. When ... the freedom they wished for was freedom from responsibility, then Athens ceased to be free."

OK Ian56

You have my vote.

Deekey

The purpose

of this thread is to show that even with all the central planning and coordination of central bankers the global economy is still f'd up.

That's just more preaching to

That's just more preaching to the choir. Does observing a protest help to understand the underlying problems? No. The protests are in reaction to a symptom.

You are right you should leave DP since everything is preaching

to the choir here. Why discuss anything since everyone knows everything already. Why share information when it's meaningless unless you end tyranny this very second?

Stop feigning your pompous indignation here and go yell at a mirror where someone will listen.

History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower

That looks

like a HUGE demonstration.

Expect more globally. We are in global economic deflation. This is a weird situation where even though more money is wildly printed by central banks (the Fed, the EU, China etc.) economic activity does not pick up, but instead lessens.

This is because the new money printed goes to the top of the economic pyramid, which is the wealthy, but won't make it down to the lower parts of the economy that actually work and spend money freely (the poor actually spend more freely than the wealthy).

This causes prices to go higher because of inflation (the money printing) yet without the economy producing jobs for people to make money and participate in the system. This is seen globally, including in the U.S., but smaller less sophisticated economies, like Italy or Greece or Spain etc., will feel the effects more quickly and more pronounced.

It's a deflationary death spiral that will only get worse.

Despite (or because of) huge amounts of money being printed

the economic circumstances of 99% of the population of the West is declining very rapidly.

Obama's "recovery" in a set of economic charts.
http://ian56.blogspot.co.uk/2012/11/unemployment.html

Putting all of the economic data together
http://ian56.blogspot.co.uk/2013/03/putting-all-of-economic-...

"In the end, more than they wanted freedom, they wanted security. They wanted a comfortable life, and they lost it all -- security, comfort, and freedom. When ... the freedom they wished for was freedom from responsibility, then Athens ceased to be free."