Europe's malaise (letter)by R.B. DewarNews Weekly
, July 2, 2005
Max Teichmann, in "Straws in the Wind (News Weekly
, April 23), points out that Germany, Italy, Portugal and the Netherlands are all experiencing serious economic problems. America and Japan could also be added to this list.
In other words, the most innovative and productive economies the world has ever known are in serious trouble.
Obviously, all these governments are employing the most highly qualified economic advisers that money can buy, but as Teichmann frankly admits, there are no answers in sight, and governments will fall.
The question must surely be asked: how much more suffering, how many depressions and wars must the world endure before those in positions of power come to realise that orthodox economists have no answers? When will we be able to get them to realise that if orthodox economists have no answers, then they have to be prepared to open their minds up and look elsewhere?
The short answer is: when the media starts telling them ... But that is apparently a long way off.R.B. Dewar,