Very much the same could be said about Italy

From Fred Wilson’s blog, A VC:

We have tax revenues that do not cover our spending. And we don’t have the will to cut our spending. And in many cases, we cannot afford to cut our spending. We should not cut our spending on infrastructure, we should increase it. We should not cut our spending on finding cleaner and smarter forms of energy, we should increase it. We should not cut our spending on education, we should increase it. We should not live with the terrible health care system we currently have, we should fix it. And we continue to spend money on things like tax breaks for oil companies and subsidies for farmers that mystify me and most Americans.  And we spend a lot of money fighting vices like drugs, prostitution, and gambling when we should simply legalize them, tax them, and regulate them and turn them into a profit center.

[…] We need to get our house in order, play in this global economy with a stable and sustainable business model. And we don’t have that now. And we must get it in place soon.

3 thoughts on “Very much the same could be said about Italy

  1. 43% of EU-27 budget are subsidies for farmers.
    Without these subsidies, half of the 6/8 millions of people employed in the Italian agricultural sector should migrate (at least) to Milan and Rome conurbations to find a job.
    http://censagr.istat.it/principalirisultati.pdf
    A scenario, perhaps a nightmare, full of potential social problems, that could be modified only in the long term.
    The real problem is that Italy is overpopulated and it’s time to persuade (and help) people to migrate ASAP.
    It’s time for the sleeping beauty to wake up and face the orrible truth: italy is a very poor country suitable for 30 millions people only!

  2. 6 to 8 million people employed in the agricultural sector in Italy? I don’t believe that. At least half of those must be pensioners tending their patch of vegetable garden. I can only speculate that they would not belong to the workforce anyway.
    And I’m not sure I buy the overpopulation argument.

  3. Pingback: Very much the same could be said about Italy, II: Troubles in Greece « Live from Planet Paola

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