[p2p-research] nice article

[Ryan Lanham]

On Wed, May 26, 2010 at 4:50 PM, Michel Bauwens <michelsub2004 at gmail.com>wrote:

> thanks George!
>
> 2010/5/26 George Papanikolaou <georgepapani at gmail.com>
>
>>
>> http://www.guardian.co.uk/commentisfree/2010/may/25/eu-crisis-catastrophic-consequences
>>
>
>
I doubt Europe is dead.  It was haughty just a few months ago proclaiming
its superiority over the rest of the world by maintaining socialism in the
face of US and Chinese collapse.

Markets are fickle.  Europe will come back in style.  It is hard to imagine
that a 300,000 Euro house in the outskirts of Paris is equivalent to a
300,000 dollar house in the outskirts of Oklahoma City.  The Euro is
probably undervalued.  Like the US, Europe is trying to re-energize its
economies by lowering their prices.  It will work.  No matter how good for
gets, I'd rather have a similar Merc than a Ford and if the prices are
similar, the choice is easy.  Same Swiss cheese or Wisconsin cheese.
Hasselblads versus Nikons.  I'll take the elite Euro merchandise if it is on
sale.  Europe doesn't buy that much US tech or Japanese stuff.  They either
buy cheap Chinese or their own stuff.  When the world can buy Europe on the
cheap...they will.  Who drinks Australian wine when you can have French?
If Europe isn't expensive, it immediate overheats as the rest of the world
drinks its booze and drives its cars until they all cut their work weeks to
30 hours and retire at 43.
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