Bail-outs? Bof... from The Economist about the non-economists

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Today is Sunday and as it sometimes happens I treated myself with magazines. I say it's a treat because I have the loveliest newspaper shop near my place.
Check it out

I bought ELLE, ELLE Déco, AD and other foolishness and then The Economist. For me it is a bit like porn you know. It doesn't happen so often, the paper is very thin and yet I make it last forever. Also reading about politics and economics makes my cheeks all rosy... what can I say.

Anyway.

My 1st remark is : only in The Economist do I hear so much about the Chinese one child policy. Why do you care so much? I mean no... I see why you care, it being borderline a human rights violation and shaping and molding the next superpower. Maybe later causing wars based on "give me your women!". But still I feel there is 1 or 2 big articles EVERYtime! But maybe it's just our nation's news silence on the matter that makes it so loud in your pages.

That was just a sidenote. So I was reading and my eyes got caught by this title : Bail-outs? Bof... by .... Never noticed I couldn't find any author name in The Economist before.
Why the French are relaxed about contributing to the Euro Zone rescue.

I'll spare you the details, after all you can just click on the link. I read this very good piece about how we (French that is) wanted to save our more engaged banks and Germany was more eager and alert about protecting its competitiveness gains.
Then I wondered how many French actually knew what Competitiveness Gains means (even if heard a lot about it during and after the 35-hour week debate). And then a more general wonder :

What exact pourcentage of the population have had economics classes?
What I mean by that is what pourcentage of the population understands what's going on? I am not starting a debate on elites ruling the masses. Don't care really. But at some point you have to wonder if our nice rulers for the last 50 years haven't colluded to make us dumber in matters of... what matters.

Philosophy is mandatory in France. Every single one of us had to go through it last year of HS. I remember a smelly professor, who might have been passionate about philosophy one day but lost all interest after years of talking about Socrate's, Plato's & Aristoto's thinking to a bunch of students who were mostly uninterested and certainly all frightned because they knew and everyone had told them so, that philosophy is hard and useless.

Don't get me wrong! During my real philosophy classes in the following years, I understood how important Philosophy is, liking it so much I wanted to double-graduate in it, and certainly at that time I was very proud that we, in France, make it mandatory.
Still proud! But as I was also following my first economics classes (and that was an intense 8 hours / week) I realised that only then was I starting to understand what people were saying in the news. After 2 years at this regiment I was screaming at the TV and cursing at whoever was professing unsustainable bullshit.

So! Really... 20% of high school students choose economics as their specialy. Some other will take it as a 1-hour/week option. So I'll say roughly 65% of the students who leave high school have never had an economics class (I'd love some real numbers on that if you have them).

At that point I am thinking major inter-generations government conspiracy.
I feel I'll be willing to give up philosophy-for-all if we could gain Economics in every classroom. I say their hasn't been an uprise in France about paying for another in-debt country , not because we are weighing pro or cons, but just because this debate flew right over the nations head.

Would loooove some numbers on that because I am both feeling like an elitist prick and yet still can't be sure I am wrong.




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