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'Monumental Political Stupidity'

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'Monumental Political Stupidity'

Postby Robin Hood » Thu Jan 07, 2016 5:27 pm

An interesting comparison between Hoxha of Albania and the Cypriot Government!

From the Cyprus Mail:

Cyprus is still at war with its high government and private debt, its economy is not competitive, consumers and taxpayers pay more than what they get in return justifies. In these times, when a country’s competitiveness relies decisively on the quality and price of utility services such as telecommunications and energy, diverting resources in the form of premiums paid by the consumer to sustain the excessive wages and privileges of workers at state owned companies, is unjustified and above all unfair.


The fate of two state-owned companies, Cyprus Airways and Eurocypria, which ran out of cash after failing to compete with private companies, should have made politicians rethink. But just like Hoxha, they wrongly believe that they can guarantee the prosperity of the workers at state-owned companies as well as that of the country by sticking to an outdated entrepreneurial model.


The engineering behind monumental political stupidity

http://cyprusbusinessmail.com/?p=19860#prettyPhoto
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Re: 'Monumental Political Stupidity'

Postby DrCyprus » Thu Jan 07, 2016 9:26 pm

It's historically proven that whatever Albania does you have to do the opposite.
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Re: 'Monumental Political Stupidity'

Postby Robin Hood » Thu Jan 07, 2016 9:42 pm

DrCyprus wrote:It's historically proven that whatever Albania does you have to do the opposite.


Somebody should advice Anastasiades then! :roll:
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Re: 'Monumental Political Stupidity'

Postby Sotos » Fri Jan 08, 2016 12:46 am

DrCyprus wrote:It's historically proven that whatever Albania does you have to do the opposite.


It's historically proven that whatever Cyprus-Mail says you have to do the opposite.
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Re: 'Monumental Political Stupidity'

Postby Get Real! » Fri Jan 08, 2016 1:25 am

Robin Hood wrote:An interesting comparison between Hoxha of Albania and the Cypriot Government!

:? Not only is it uninteresting but a downright stupid comparison! :lol:
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Re: 'Monumental Political Stupidity'

Postby Paphitis » Fri Jan 08, 2016 3:23 am

Sotos wrote:
DrCyprus wrote:It's historically proven that whatever Albania does you have to do the opposite.


It's historically proven that whatever Cyprus-Mail says you have to do the opposite.


We also have this view but we also look at what Cyprus does and always promise ourselves to do the opposite as well! :lol:
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Re: 'Monumental Political Stupidity'

Postby CBBB » Fri Jan 08, 2016 7:48 am

Robin Hood wrote:An interesting comparison between Hoxha of Albania and the Cypriot Government!

From the Cyprus Mail:

Cyprus is still at war with its high government and private debt, its economy is not competitive, consumers and taxpayers pay more than what they get in return justifies. In these times, when a country’s competitiveness relies decisively on the quality and price of utility services such as telecommunications and energy, diverting resources in the form of premiums paid by the consumer to sustain the excessive wages and privileges of workers at state owned companies, is unjustified and above all unfair.


The fate of two state-owned companies, Cyprus Airways and Eurocypria, which ran out of cash after failing to compete with private companies, should have made politicians rethink. But just like Hoxha, they wrongly believe that they can guarantee the prosperity of the workers at state-owned companies as well as that of the country by sticking to an outdated entrepreneurial model.


The engineering behind monumental political stupidity

http://cyprusbusinessmail.com/?p=19860#prettyPhoto


Perhaps you shouold teach the Government to create money from thin air in the way you say the banks do!
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Re: 'Monumental Political Stupidity'

Postby supporttheunderdog » Thu Apr 28, 2016 6:24 pm

CBBB wrote:
Robin Hood wrote:An interesting comparison between Hoxha of Albania and the Cypriot Government!

From the Cyprus Mail:

Cyprus is still at war with its high government and private debt, its economy is not competitive, consumers and taxpayers pay more than what they get in return justifies. In these times, when a country’s competitiveness relies decisively on the quality and price of utility services such as telecommunications and energy, diverting resources in the form of premiums paid by the consumer to sustain the excessive wages and privileges of workers at state owned companies, is unjustified and above all unfair.


The fate of two state-owned companies, Cyprus Airways and Eurocypria, which ran out of cash after failing to compete with private companies, should have made politicians rethink. But just like Hoxha, they wrongly believe that they can guarantee the prosperity of the workers at state-owned companies as well as that of the country by sticking to an outdated entrepreneurial model.


The engineering behind monumental political stupidity

http://cyprusbusinessmail.com/?p=19860#prettyPhoto


Perhaps you shouold teach the Government to create money from thin air in the way you say the banks do!


It is called quantative easing , with just one Slight problem there for Cyprus, namely that the ECB controls that..
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Re: 'Monumental Political Stupidity'

Postby supporttheunderdog » Thu Apr 28, 2016 6:49 pm

Robin Hood wrote:An interesting comparison between Hoxha of Albania and the Cypriot Government!

From the Cyprus Mail:

Cyprus is still at war with its high government and private debt, its economy is not competitive, consumers and taxpayers pay more than what they get in return justifies. In these times, when a country’s competitiveness relies decisively on the quality and price of utility services such as telecommunications and energy, diverting resources in the form of premiums paid by the consumer to sustain the excessive wages and privileges of workers at state owned companies, is unjustified and above all unfair.


The fate of two state-owned companies, Cyprus Airways and Eurocypria, which ran out of cash after failing to compete with private companies, should have made politicians rethink. But just like Hoxha, they wrongly believe that they can guarantee the prosperity of the workers at state-owned companies as well as that of the country by sticking to an outdated entrepreneurial model.


The engineering behind monumental political stupidity

http://cyprusbusinessmail.com/?p=19860#prettyPhoto


I eould hardly call having state owned entities an entreprenurial model, outtdated or otherwise, when they are not run on the basis of a commercial enterprise with the aim of making a profit, in a reasonably open market with competition, but are run as protected monoplies to provide sinecures for people who would possibly be unemployable in a commercial entity and run more for the benefit of the employees and as tool of social engineering, employing more people than can ever be justified by real business needs.

That was certainly the case with Cyprus Airways who had a staff to plane ratio that was abnormally high, many commanding wages likewise comparitively high against industry standards. It was hardly surprising that they went broke, when others could do essentially the same job with a lower wage cost...fewer staff on market rate. With their business model the only surprise was it took so long. There is a prosoect that if Cyprus Airways had been allowed by Government and Unions to rightsize the staffing levels and reduce the wage cost, and to adapt to the modern market, we would still see the flying sheep. Would it be better to have a Cyprus airways employing some, as opposed a dead entity employing none? That due to supine governments dropping trou to the unions is what we got, and why Governments are so often unfit to run a business.,
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Re: 'Monumental Political Stupidity'

Postby Robin Hood » Thu Apr 28, 2016 7:14 pm

CBBB wrote:
Robin Hood wrote:An interesting comparison between Hoxha of Albania and the Cypriot Government!

From the Cyprus Mail:

Cyprus is still at war with its high government and private debt, its economy is not competitive, consumers and taxpayers pay more than what they get in return justifies. In these times, when a country’s competitiveness relies decisively on the quality and price of utility services such as telecommunications and energy, diverting resources in the form of premiums paid by the consumer to sustain the excessive wages and privileges of workers at state owned companies, is unjustified and above all unfair.


The fate of two state-owned companies, Cyprus Airways and Eurocypria, which ran out of cash after failing to compete with private companies, should have made politicians rethink. But just like Hoxha, they wrongly believe that they can guarantee the prosperity of the workers at state-owned companies as well as that of the country by sticking to an outdated entrepreneurial model.


The engineering behind monumental political stupidity

http://cyprusbusinessmail.com/?p=19860#prettyPhoto


Perhaps you shouold teach the Government to create money from thin air in the way you say the banks do!


So does the Bank of England, The US Federal Reserve, The Bundesbank various academics and economists ..... it is obviously just too simple for some to comprehend that it could possibly be true!
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