GreekEnomics

Today, President Obama, addressing the press at the G-7 meeting, invoked the mantra I’ve propounded for almost five years. Capital Investment.

How long have the EuroCrats been attempting to solve the Greek Economic Crisis?

Too Long.  The same applies to the EuroCrisis.

By now we should be able to invoke Slim Fairview’s Empirical Method of Analysis.

Have we tried austerity?

Yes.

Have things gotten better?

No.

Have things gotten worse?

Yes.

Conclusion?

Don’t do that.

The first rule of holes: When you find yourself in a hole, stop digging.

Reform is the smallest part of the solution to the Greek Economic Crisis.  We need, as I’ve said repeatedly, Capital Investment + Economic Development + Growth.

ONE PROPOSAL:

What is one thing Greece has been known for?  Shipping. Did anyone say Onassis?

If the EuroCrats don’t embrace this idea, the Chinese will.  Case in point.  When I heard that Air Travel will double in the next 20 years, I posed the question, does that mean we will need to double the number of airports, or double the number of planes?  What happened?  Boeing increased the size of the planes.

China is building a Canal in Nicaragua. Why? To accommodate the Super Ships. Why? To ship from Western Africa, through the Nicaragua canal to China and the rest of Asia.

Remember what I said in my article “Energy Independence? (Then What?)”  I said, when we no longer need oil from Saudi Arabia, then Saudi Arabia will need to find a new customer. (China) If China is the new customer, China is also the new friend.  And oil can move on supertankers through the Nicaragua canal to China and the rest of Asia.

It is impossible to exaggerate the importance of shipping and, by extension, the importance of ships.  Ship building in Greece, with Chinese Capital Investment, can meet that demand.  This is not strategic planning.  This is marketing.

Marketing: Find a need and fill it.

The EuroUnion has a narrow window of opportunity.  The EuroCrats must embrace Capital Investment and Economic Development as crucial to solving the Greek economic crisis.  In addition, the rest of the world must work with China to complete the building of the Nicaragua Canal.  This is to benefit the Global Economy.

Warmest regards,

Slim


slimfairview@yahoo.com

Copyright (c) 2015 Bob Asken 
All rights reserved.

Additional Reading:

Merkel's Big Lies 

Merkel and the Salesman

Merkel's Last Stand
 
EuroCracy, with Apologies to Swift

Beware! The Chancellor is Consolidating Power

Merkel and Charybdis

Greek/Roman