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by kokey 5111 days ago
I find the dynamics of the expectation of countries having to bail other countries in the Eurozone out quite interesting. Normally, inside a nation, say France, you have wealth distribution since politicians and the public can, through taxes, take money from the rich people in order to help the poor. This works where the notion exist that it's fair, because the rich are rich because of luck or power, or whatever. Now it gets interesting where you get the same dynamic in the Eurozone, where the countries that can't manage their economy well because of their bad policies, corruption, incompetence, etc. want countries that do manage their economy better to bail them out. It gets extra interesting, since Germany is a country where wealth is not something that was created because of imperial conquest or the likes, or because of abundant natural resources. They lost a war, and half of it was even under communist rule until two decades ago. They achieved their wealth, and Merkel in particular don't see having to pay guilt tax on that achievement as making any sense.