Re:Italy’s austerity-fueled crisis is a warning to the Eurozone
by Mirioron on Saturday April 13, 2019 @06:04AM
(#19652048)
What's the point of investing the money into education if the people study in poor countries and then move to the rich countries? Brain drain is a real problem and there has been no solution for it. I'm being facetious about the education part, but you can't deny that those countries are paying for the education of many people who end up going to western Europe.
Re:Italy’s austerity-fueled crisis is a warning to the Eurozone
by kartan on Saturday April 13, 2019 @07:24AM
(#19652331)
> What's the point of investing the money into education if the people study in poor countries and then move to the rich countries?
The point is to make people happy. That people that emigrates has an opportunity that would have never had. Some of them will come back bringing other countries knowledge.
That doesn't mean that you are wrong. "Brain draining" is a real problem.
I like the logic of "What if we train our employees and they leave? What if we don't and they stay?"
Re:Italy’s austerity-fueled crisis is a warning to the Eurozone
by presidente20 on Saturday April 13, 2019 @07:46AM
(#19652410)
Fair point but I think the problem is that the brain drain is exacerbating the other structural problems in the eurozone.
How was austerity supposed to balance the economy when money was given away to the rich and taxes reduced? For each euro that was removed from schools, more than that was given to banks. Each time public health benefits were reduced there was a new company moving to Ireland, Malta, etc.
So, now we have the same or more unbalanced budgets but citizens are poorer, less educated and do not see a future for themselves.
> Continued stagnation will feed the resentment and anti-establishment, anti-euro forces in Italy.
The Eurozone countries need to increase revenues and start investing that money into education to prepare its citizens for the new economy. The alternative is disenfranchised citizens stuck in poverty that will fall in the hands of populism.
You have to spend money to make money. Austerity misses the point.