Tag Archives: Western civilization

Around 40% of voters in Italy remain undecided and no party or alliance is expected to earn an outright majority

Take a look at the history and you can clearly see that all the roads leads us back to Rome and Italy.

A country that gave the world pizza. The founder of that dish is a genius. The term pizza was first recorded in the 10th century, in a Latin manuscript from the Southern Italian town of Gaeta in Lazio.

Not only that. Rome is also the capital of Italy, and serves as the capital of the Lazio region. The Vatican City is an independent country inside the city boundaries of Rome, which means Rome has been often defined as capital of two states. 4,3 million residents live in the metropolitan City of Rome, and most of them head to the polls on Sunday in a vote that will be closely watched by European leaders.

Italys election on Sunday will test Europenerves, because it can make instability in the eurozones thrid-largest economy. It should be a great place on earth, but it isnt. Italy`s unemployment rate rose to 11,1 percent in January 2018, and the youth unemployment rate fell to 31,5 percent, which is the lowest since December 2011.

The Italian economy advanced by 0,3 percent on quarter in the three months to December of 2017, so the growth is very slow. The Italian stock marked plummeted during the financial crisis ten years ago. The unemployment rate was at its lowest in 2007, but skyrocketed after the crisis.

Italy`s Government debt reached an all time high of 132 percent in 2016 which is more than the U.S but it dropped to 131,5 percent last year. Italy need a change, but that change can be painful and Italy can be drown into months of further political deadlock.

Around 40% of voters remain undecided and no party or alliance is expected to earn an outright majority, according to analysts.

European leaders are watching this election closely because so far, polls are telling us that the populist, anti-European Union Five Star Movement (M5S) is the biggest party. Twice as big as Forza Italia and the Democratic party at the second place.

The M5S is founded by Beppe Grillo who is a popular comedian and blogger. The party is considered populist, anti-establishment, environmentalist, anti-globalist, and Eurosceptic. At the 2013 general election the M5S was the most voted party.

People in Italy and many of their parties are euroskeptic, and one issue has dominated the pre-election debate, and that is immigration. Hundreds of thousands have arrived from Africa to Italy recently, and the debate over immigration has highlighted racial tensions ahead of Sunday`s vote.

Right-wing parties have pushed an anti-immigration agenda, and former Italian Prime Minister Silvio Berlusconi has warned that all the migrants in Italy has caused «serious social alarm,» and said that more than 600 000 undocumented migrants must be deported.

Migration has been a serious issue in Italy in many decades. When the Pope look outside the window in the Vatican, he can see some right-wing parties, but also some neo-fascist political parties.

Fascism is also coming from Italy. The founder of fascism is Benito Mussolini and he outlined three principles of a fascist philosophy.

  1. Everything in the state. The Government is supreme and the country is all-encompassing, and all within it must confront the ruling body, often a dictator.
  2. Nothing outside the state. The country must grow and the implied goal of any fascist nation is to rule the country, and have every human submit to the government.
  3. Nothing against the state. Any type of questioning the government is not to be tolerated. If you do not see things our way, you are wrong. If you do not agree with the government, you cannot be allowed to live and taint the minds of the rest of the good citizens.

The use of militarism was implied only as a means to accomplish one of the three above principles, mainly to keep people and rest of the world in line. Fascist countries are known for their harmony and lack of internal strife. There are no conflicting parties or elections in fascist countries.

There were a demonstration in Maceratata on February 10, and Italian protesters hold a banner reading «Against fascism, racism and sexism, everyday, in all cities.» Similar to how it was in Italy about 100 years ago, but it was a different march. The opposite.

The March on Rome was an organized mass demonstration in October 1922, which resulted in Benito Mussolini`s National Fascist Party. Fascists saw WWI as a revolution that brought massive changes to the nature of war, society, the state and technology.

Italy has an unproven new system in place for the voters. On top of that there is a bloc of undecided voters, so analysts say that Italy is headed toward a hung parliament. Berlusconi`s right-wing coalition can win. So can the Democratic party, Forza Italia and other centrist allies. It can also be a populist government of M5S and Northern League.

Another option is that the Gentiloni government will continue like it is today. If so, they will start long discussions on whether to build an all-party technical government.

The political situation in Italy right now, with its government instability, economic problems and repeated elections are building up to a perfect storm. It can be harmful for one of the main European democracies, but it can be very harmful for an already weak European Union in an already weak continental alliance too. Especially after Brexit.

Rome is called the «Caput Mundi» (Capital of the World). Rome is also regarded as the birthplace of Western civilisation and by some as the first ever metropolis. Rome is the 3rd most visited in the European Union, and Colosseum are among the world`s most visited tourist destinations.

After the fall of the Western Empire, which marked the beginning of the Middle Ages, Rome fell under the political control of the Papacy. All of this is a part of an evolution, so the show must go on.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Greek`s productivity was higher than China`s

Greece is considered the cradle of Western civilization, being the birthplace of democracy, Western philosophy, the Olympic Games and mathematical principles to name a few. They were annexed by Rome in the second century BC, becoming an integral part of the Roman Empire and its successor, the Byzantine Empire.

The Greek Orthodox Church also shaped modern Greek identity and transmitted Greek traditions to the wider Orthodox World. Falling under Ottoman dominion in the mid-15th century, the modern nation-state of Greece emerged in 1830 following a war of independence.

 

 

Most of mainland Greece and the Aegean islands was under Ottoman control by the end of the 15th century. The only part of the Greek-speaking world that escaped long-term Ottoman rule was the Ionian islands, which Venetian until their capture by the First French Republic in 1797, then passed to the United Kingdom in 1809 until their unification with Greece in 1864.

While some Greeks in the Ionian islands and Constantinople lived in prosperity, and Greeks of Constantinople achieved positions of power within the Ottoman administration, much of the population of mainland Greece suffered the economic consequences of the Ottoman conquest.

Heavy taxes were enforced, and in later years the Ottoman Empire enacted a policy of creation of hereditary estates, effectively turning the rural Greek population into serfs (status of many peasants under feudalism).

The decline of serfdom in Western Europe has sometimes been attributed to the Black death, which reached Europe in 1347. Tibet is described by Melvyn Goldstein to have had serfdom until 1959, and the United Nations 1956 supplementary Convention on the Abolition of Slavery also prohibits serfdom as a form of slavery.

The Nazis destroyed Greece during the World War II. There were 80 000 jews in Greece at that time and nearly everyone was killed. Now it is about 5 000 left. The Nazis burned Greeks houses and about 1 000 000 were homeless. The U.S Marshall plan gave Greece a boost after WWII and the economy started to grow again.

Its strange because most Western philosophical traditions began in Ancient Greece in the 6th century BC. So, how could the Greeks democracy fail, and why are they in trouble right now?

Their productivity was sky-high only a few years ago. In 2003, the GDP was higher than China`s GDP right now. Greece GDP in 2003 was at an all-time high of 6,80 which is impressive. Now, the picture is very different. GDP is down -1,1 percent.

Greece is the anti-austerity country with a lot of problems after six years of deep recession. Household consumption is the main component of GDP and accounts for 72 percent of its total use. Exports of goods and services account for 33 percent, while imports account for 35 percent.

Many of the Greek citizens claim that they got problems after joining the European Union in 2001. In 2007, right before the financial crisis, GDP per capita reached an all-time high of 30056,68, but now it has declined to 22573,42 US dollars.

The Anti-Austerity country is also seeing their own wages falling. Wages in Greece decreased to 1092,01 EUR per month in April last year. The good news is that the Unemployment rate is down to 23,1 in December last year, which is much better than their all-time high of 27,90 in July of 2013.

Data shows growth for the year proves the economy is performing better than expected and that no more austerity measures are needed. A Greek spokesman said the government won`t pass one more euro of extra austerity measure.

The European Commission expect the Greek economy to expand 2,7 percent this year and 3,1 percent in 2018. Uncertainty over completion of the current bailout review poses a downside risk to those forecasts, the Commission said.

In a big picture, what we face in Greece now is just a part of an evolution.

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

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