Professor Elam

Monday May 24, 2010

Mark Steyn says Greece is no outlier, the rioters are the government establishment, and it is past saving. 

He points out that at 1.3 kids per family the demography is going backwards, and with a business unfriendly environment worse than Yemen, who would want to move there?

This is going to be repeated across Europe and onto the US.  If you read this article and then peruse the reports on Mish bout unions in the US, the conclusion is pretty clear. Our promises have exceeded out ability to pay for them, just ask the bank clerks the rioters killed in the bank set afire.