Reply #108: no it isn't [View All]

That is a false analogy, Mr. Pretty High Salary.

A company town is a better analogy than your domestic budget.

Of course, the investors and bankers want us to think of countries as though they were households, with them as the authoritarian fathers and all of the workers dependent, compliant little children. The difference is this - in that imaginary "household" the children do all of the work and generate all of the income. Daddy keeps most of it (he owns the plant they work in) and then rents rooms to the kids - at more then they can afford - and sells them food and clothes. Then he cuts their wages. When they come up short, Daddy says he will bail them out, but they will have to further reduce their standard of living. If they object, he wages a smear campaign against them in the media, and calls in paramilitary swat teams to main, murder or arrest them.

That isn't how you run your household, is it?