Greece is in danger of defaulting on its debt. Because Greece uses the Euro, Greece's danger is, in part, passed on to other countries using the same currency. The big problem with Europe's strategy of strength in numbers, is that it causes the corresponding weakness of inflexibility.
To give a strange example: supposing my friends and I decided to unify our bodies into one. The advantages would include the free flow of blood across individual boundaries. If one friend is short of a nutrient, another can make a contribution. But what if one friend gets an infection? Because we have got rid of our individual skins, we no longer have control over how rapidly an illness affects us all. One friend cannot run to the shops for medicine while the other gets some rest.
And this is the climate of Europe for the moment. Whether Greece's illness becomes Ireland's, and then Portugal's, and leaks across Europe, remains to be seen. What is certain, is that it is hard for stronger economic powers, such as Germany, to avoid being bound up in their neighbour's struggle; Chancellor Merkel may appear reluctant to commit to too much financial help for Greece, but, if part of a body is infected, the rest of the body is already committed to a fight.
Wednesday, April 28, 2010
Sunday, April 5, 2009
What is it with extreme makeovers?
There's a story in the Mail on Sunday today. A few years ago, a woman went onto a new makeover show. It was on Channel 5, and was called Brand New You. They spent a fortune on surgery and dental work. She was delighted. Her life started to change. She found the confidence to walk away from her 15-month-old marriage, and met a scaffolder called Andy. But, tragedy! ... her left breast implant has deflated. She can't afford the cost of putting it right, but the TV programme is refusing to help. Contractually, it doesn't have to.
From her point of view, the positives of a Brand New You are still worth it. Her confidence increased; she was motivated to take more care of herself; people paid her more attention. But on the downside, when things went wrong, "all those self-conscious fears came flooding back".
Perhaps every status improvement comes at a cost. We can obtain an advantage compared with other people. But, in doing so, we create a new problem: the hard work necessary to protect that advantage when things go wrong.
From her point of view, the positives of a Brand New You are still worth it. Her confidence increased; she was motivated to take more care of herself; people paid her more attention. But on the downside, when things went wrong, "all those self-conscious fears came flooding back".
Perhaps every status improvement comes at a cost. We can obtain an advantage compared with other people. But, in doing so, we create a new problem: the hard work necessary to protect that advantage when things go wrong.
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