A week ago, Dr. Samuel Gregg addressed an audience here at Acton’s Grand Rapids, Michigan office on the topic of “Europe: A Continent in Economic and Cultural Crisis.” If you weren’t able to attend, we’re pleased to present the video of Dr. Gregg’s presentation below.
On the blog of The American Spectator, Acton Research Director Samuel Gregg looks at how Europe refuses to address the root causes of its unending crisis:
Most of us have now lost count of how many times Europe’s political leaders have announced they’ve arrived at a “fundamental” agreement which “decisively” resolves the eurozone’s almost three-year old financial crisis. As recently as late October, we were told the EU had forged an agreement that would contain Greece’s debt problems — only to see the deal suddenly thrown into question by internal Greek political turmoil, which was itself quickly overshadowed by Italy’s sudden descent into high financial farce.
No doubt many of these dramas reflect commonplace problems such as governments having difficulty reconciling promises made in international settings with domestic political demands. The apparently unending character of Europe’s crisis, however, is also being driven by another element: the unwillingness of most of Europe’s political establishment to acknowledge the root causes of Europe’s present mess.
One such mega-reality is the unsustainability of the pattern of low-growth, big public sectors, heavy regulation, large welfare states, aging populations, and below-replacement birthrates that characterizes much of the eurozone. Even now, it’s difficult to find mainstream EU politicians who openly concede the high economic price of these arrangements.
Read “Can’t Face Economic Reality” on The American Spectator.
An Italian friend of mine recently complained to me while painfully witnessing the climax of the Italian debt crisis: “Cosi Berlusconi, cosi l’Italia!” (As with Berlusconi, so too with Italy!).
My friend’s comment was an allusion to the Italian Prime Minister’s personal responsibility in dragging the entire Italian nation down with him. News broke late on Wednesday that Berlusconi had agreed to step down from office, as he effectively admitted his 17 years of political power had done nothing more to fix a broken system and as more members of his loose PDL coalition defected to centrist parties.
Even with the likely passing of the European Union fiscal reform measures designed to control Italy’s reckless public spending, it all seems too little too late.
With Berlusconi’s suprise announcement and Italy teetering on national debt default, the European stock markets tumbled late Wednesday. Logically, my friend then said, “Vedi? E cosi anche l’Europa” (See? And so too with Europe).
The domino effect is becoming a real potential. It is frightening. It is downright disturbing for anyone living and trying to survive in Europe. Still, we have to be careful of where we start pointing fingers.
My friend’s Berlusconi = Italy = Europe linear equation is not necessarily totally inaccurate.
The Italian Premier actually deserves some of the blame. For instance his center-right coalition government did recently raise capital gains taxes (from 10 to 20%!) along with corporate, personal income and VAT. This has further scared off the few serious local and foreign investors left in Italy and has sparked greater passion for the national pastime: tax evasion. This is the worst time to be raising taxes when economic growth is so wobbly at home. Berlusconi is an entrepreneur himself. He should know better. It is a total mystery why his business-friendly government is caving into Keyensian economic rebuilding.
All said, Italy and Europe is not a one-man disaster. Nor even a one-party disaster.
Italy’s national debt crisis is, above all, a crisis of national character – an Italian character that has become softened while shedding off its once great virtues of resilience, fortitude, integrity, self-reliance and innovation, just as we have seen in a paradigmatic shift in character with the rise of the modern Western European welfare states (watch Acton Media Director Michael Miller’s Acton Lecture – The Victory of Socialism, where he explains why socialism counts on citizens’ progressive external dependency on institutions and a loss of personal virtue).
France, Spain, Britain Germany Greece, Portugal, Belgium, Denmark. Take your pick: all have lost many of these same virtues of character in varying degrees. The Great Generation of post-World War II Europe is now too old to play the part of come-back hero.
No matter how great a vision or “business plan” the entrepreneurial Berlusconi had for Italy since the mid-1990s, no amount of collective cultural effort was ever possible when his country and Continent has lost its spirit of freedom and independence from big government and generous public programs.
National debt, while symptomatic of unsuccessful political regimes, is more the result of a national deficit of values and virtue.
The Brotherhood of St. Moses the Black, an Orthodox Christian organization that provides information about “ancient Christianity and its deep roots in Africa,” is holding a conference Aug. 26-28 in the Detroit area. In a story in the Observer & Eccentric newspaper about the upcoming conference, a reporter interviewed a woman by the name of Sharon Gomulka who had visited an Orthodox Church several years ago on the feast day of St. Moses the Black (or sometimes called The Ethiopian). She watched “as white worshippers kissed the image of a dark-skinned man.” They were reverencing the image of the saint.
“I didn’t realize it was his feast day and I didn’t know about venerating icons. I had a paradigm shift of the many Caucasian people kissing this black man,” Gomulka told the paper. “And I began to question what kind of church is this? Who are these people that color does not seem to truly matter?”
Well, they’re Christians as she later came to find out. Historian Christopher Dawson reminds us in The Historic Reality of Christian Culture: A Way to the Renewal of Human Life (1960) that the Church’s origins in the Middle East and North Africa, and its expansion further East, points to its universal nature:
The Church itself, though it bears a Greek name Ecclesia, derived from the Greek civic assembly, and is ordered by the Roman spirit of authority and law, is the successor and heir of an Oriental people, set apart from all the peoples of the earth to be the bearer of a divine mission.
Similarly, the mind of the Church, as expressed in the authoritative tradition of the teaching of the Fathers, is neither Eastern nor Western but universal. It is expressed in Western languages — Greek and Latin — but it was in Africa and Asia rather than in Europe that it received its classical formulation. Greek theology was developed at Alexandria and Antioch and in Cappadocia, while Latin theology owes it terminology and its distinctive character to the African Fathers — Tertullian, Cyprian and above all St. Augustine.
While these men wrote in Latin, it was not the Latin of the Romans; it was a new form of Christian Latin which was developed, mainly in Tunisia, under strong Oriental influence.
Dawson’s reflections should not be taken as a mere historical curiosity. This history speaks to what the Church is, and has always been. All the more reason to be alarmed at the ongoing persecution of Christians in Egypt and the Middle East — communities that have in many case been continuously rooted in these lands since Apostolic times. The Christians in Kirkuk, Iraq, have been targets of bombers in recent weeks. “This is only happening because we are Christians,” said Chaldean Archbishop Louis Sako. “Maybe the people responsible want to empty the city of Christians.”
Historian Philip Jenkins in books such as The Next Christendom: The Coming of Global Christianity (2002) and The Lost History of Christianity: The Thousand-Year Golden Age of the Church in the Middle East, Africa, and Asia–and How It Died (2008) has worked to deepen English-speaking Christians’ awareness of these ancient roots in places like Syria, India and China.
In a 2008 interview with BeliefNet.com, Jenkins was pessimistic about the hard-pressed Christian communities in the Middle East, whose populations are rapidly dwindling:
By far the largest change is in the Middle East, the region between Persia and Egypt. As recently as 1900, the Christian population of that whole region was almost ten percent, but today it is just a couple of percent, and falling fast. Particularly if climate change moves as rapidly as it some believe, the resulting tensions could reduce Christian numbers much further. Egypt would be the most worrying example here. Might that 1,400 year story come to an end in our lifetimes?
Europe is nothing like as serious an issue. The number of active or committed Christians certainly is declining, but the churches don’t face anything like what is happening in the Middle east. There is no plausible prospect of a Muslim regime anywhere in Western Europe, or of the recreation of the social order on the lines of Muslim law. Realistically, people of Muslim background will constitute a substantial minority of the European population, rather than a majority, and it is far from clear that most will define themselves primarily according to strict religious loyalties. European Christianity may be in anything but a healthy state, but Islam need not be its greatest cause for concern.
Matters are very different in other countries of Africa and Asia, where Muslims and Christians are in deep competition. We could imagine wars and persecutions that could uproot whole societies.
If there’s one thing that these Christian communities have experience with in the last 2,000 years, it’s wars and persecutions. Jenkins might be wrong about extinction, but there’s no question about decline. According to another estimate, the Middle East’s Christian population shrank from 20 percent to 10 percent during recent decades. Yet, the surest way to speed the decline, or realize extinction, is for the global Church to ignore the plight of their brothers and sisters in this part of the world.
More history from Jenkins, echoing Dawson:
During the first century or two of the Christian era, Syria, Egypt, and Mesopotamia became the Christian centers that they would remain for many centuries. Christian art, literature, and music all originated in these lands, as did most of what would become the New Testament. Monasticism is an Egyptian invention.
By the time the Roman Empire granted the Christians toleration in the early fourth century, there was no question that the religion was predominantly associated with the eastern half of the empire, and indeed with territories beyond the eastern border. Of the five ancient patriarchates of the church, only one, Rome, clearly stood in the west. The others were at Constantinople, Antioch, Jerusalem, and Alexandria – three on the Asian continent, one in Africa. If we can imagine a Christian center of gravity by around 500, we should still be thinking of Syria rather than Italy … Much early Christian history focuses on the Roman province known as Africa, roughly modern Tunisia. This was the home of such great early leaders as Tertullian, Cyprian, and Augustine, the founders of Christian Latin literature.
Over the past few weeks, Kishore Jayabalan – Director of Acton’s Rome office – has been called upon a couple of times to comment on Italian and American budget negotiations for Vatican Radio. On Saturday, Jayabalan discussed the then-ongoing US budget negotiations:
Kishore also made an appearance on Vatican Radio to discuss Italy’s debt issues back on the 13th of July, making the point that while austerity would be required, economic growth would be a necessity as well for Italy to solve its debt issues:
Kishore Jayabalan, Director of Istituto Acton in Rome, was interviewed by Vatican Radio to discuss the Italian budget. Italy has a large budget crisis, and if it isn’t resolved, it may face serious financial problems similar to those experienced by Greece.
Lawmakers in Italy have begun working on austerity measures, which was the topic of Jayabalan’s interview:
“Austerity is fairly important for the Italian economy,” says Kishore Jayabalan, the director of the Rome office of the Acton Institute. But he says even with austerity, Italy will need economic growth to pay its debts.
“They are creating all kinds of impediments for economic growth. If you want to get the Italian economy reformed, the political class not only is going to have to do things like get rid of regulations, but really cut down the bureaucracy, because that is what is really bringing down the Italian economy,” Jayabalan said.
Click here to read the full article and listen to the interview.
Water is becoming scarcer and even more of a necessity than it was before. And while stories of water scarcity typically occur in underdeveloped, arid countries, the United States and other developed countries must realize they are no longer exceptions and must take into consideration the importance of water and the allocation of its use.
A recent article in the Wall Street Journal explores the severe lack of water in Palm Beach, Florida. Residents are restricted to once-a-week watering schedules for lawns and plants, however, not all residents are abiding by restrictions whereas many owners of large estates are continuing an excessive use of water. The disparity in water usage has created a disgruntled community in West Palm Beach.
While residents in the U.S. are disagreeing over water usage for landscape purposes, many throughout the world are dying of thirst, thus, putting forth the question, do communities need to reevaluate their water use? Grass, and green luscious landscapes that are found in more moderate climates are not natural to southern Florida, so is it moral for residents to obtain a landscape, requiring a large use of water, that isn’t even native to an area?
Water scarcity has become a cause for concern in the United Kingdom, and Egypt and Ethiopia have been battling over the share of the Nile’s water reserves. Many countries and local communities are now forced to take into consideration their long term use of water.
In past blog posts (here, here, and here) I’ve taken a look at the water crisis and with Italians recently deciding to repeal a law that required water to be treated as a commodity, an explanation of my previous argument in support for treating water as a commodity is needed. My last post was missing an important moral case for the privatization of water that needs to be addressed.
In his essay, “Thirst: A Short History of Drinking Water” James Salzman analyzes how different civilizations throughout history provided drinking water. Jewish law, according to Salzman, treated water as a common property resource, not an open access resource. Priority was given according to use, giving drinking water the highest priority. While water, which came from a well made possible by human labor, was for community use only, nobody was turned away who was in need of drinking water.
Rome is a great example of how water resources were allocated when a water supply and sanitation system existed. There was a public water source, known as the lacus, where Romans could collect water for free. When using the lacus, Romans had to use their own manual labor to transport the water from the lacus to their homes. However, there was also a private water supply where Romans could pay to have water brought into their homes through a pipe system.
The “right to thirst,” as explained by Salzman, is recognized by both the Romans and the Jewish law. Salzman explains every human has a right to water, and both civilizations understand that right by providing free drinking water to those in need. Such compassion shows one’s love for his or her neighbor.
However, as we see through the example of the Romans, the convenience of having a clean and sanitary water supply delivered into a home comes with a price. While we have a right to water we have to pay for the resources and the costs that come with such modern conveniences. Furthermore, as I’ve explained in my past blog post, “Water is not a human right” if we have free water for all, we will bear witness to tragedy of the commons with our water resources.
At a recent symposium on economics and finance, Cardinal Tarcisio Bertone, the Vatican’s Secretary of the State, explained the importance of the private sector in water supply. Cardinal Bertone underscores the contribution that the private sector can make to providing access to water. However, he also recognizes the importance that businesses that do provide water are being called to provide an important service to people and morals need to have a higher priority than profit:
The second challenge has to do with the administration of “common goods” such as water, energy sources, communities, the social and civic capital of peoples and cities. Business today has to become more and more involved with these common goods, since in a complex global economy it can no longer be left to the state or the public sector to administer them: the talent of the business sector is also needed if they are to be properly managed. Where common goods are concerned, we urgently need business leaders for whom profit is not the exclusive goal. More and more, we need business leaders with a social conscience, leaders whose innovation, creativity and efficiency are driven by more than profit, leaders who see their work as part of a new social contract with the public and with civil society.
There is opposition to how water should be supplied. The Catholic left has a different view, supporting government’s role in providing water instead of a private entity:
On June 9, a group of more than 100 missionary priests and nuns fasted and prayed in St. Peter’s Square to underline their support for the referendum and their opposition to the privatization of water. Beneath Pope Benedict XVI’s windows, they unfurled a giant banner reading: “Lord, help us save the water!”
Some 25 Italian dioceses signed an appeal asking for a “yes” vote to preserve water as a universally shared resource. Franciscans in Assisi asked prayers and action in defense of “sister water.”
Bishop Mariano Crociata, secretary-general of the Italian bishops’ conference, said recently that access to clean water supplies was a “fundamental human right, connected to the very right to life.” He warned that privatization efforts have seen multinational companies “turn water into business” to the detriment of the wider population.
And while the U.S. has been criticized for consuming 233 billion gallons of water, it must also be kept in context. The U.S. is still one of the largest and most productive economies, producing goods that are exported to countless countries. Such productivity requires a greater consumption of water than less productive countries, however, every country that does import U.S. goods benefits.
As water is becoming scarcer we will need to reevaluate how we use and treat this precious resource. Yes, we have a obligation to take care of those in need, we must recognize, however the difference between the “right to thirst,” to have water in order to sustain life, and the luxury of commoditized water provided through extensive resources to be delivered into homes for domestic use. The Catholic Church teaches that the universal destination of material goods (water is one such good) and the principle of common use of the earth’s resources (such as mater) is primarily (though not exclusively) realized the institution of private property—an institution that comes with rights and responsibilities. Applying this reasoning to the dilemmas facing us with regard to water would certainly lead to clearer thinking about this complex question.
The original Article Who’s Responding: “The Call of the Entrepreneur” in La Spezia was written by Francesco Bellotti for the Italian newspaper “Avvenire” (translation and editorial contributions from Michael Severance):
“The Christian entrepreneur is not the person who goes about wealth creation all week and then leaves a nice offering at church on Sunday. Rather, he is exemplified by the type of person who gives the best of himself to create wealth and opportunity for himself and others,” said Mr. Kishore Jayabalan, Director of the Italian office of the American think tank, Acton Institute, while introducing the premier showing of the Acton documentary “The Call of the Entrepreneur” at the Teleliguria Sud TV studios in La Spezia, Italy last February 19.
The documentary’s showing and debate on television was organized in collaboration with the Movement of Christian Workers of La Spezia before a private audience of entrepreneurs, business executives, and free-lance professionals invited from the northern Italian region of Liguria.
“No doubt there are greedy entrepreneurs, just like any other group of greedy professionals and tradesmen,” Mr. Jayabalan said. “But they are certainly not defined by this (vice).”
For the good entrepreneur, “risk-taking is born out of his trust and hope in the future. He perceives things that others do not easily see and works to build something where there is nothing.”
Continuing his reflection on the entrepreneurial vocation, Jayabalan stressed that economics is not like a game of poker.
“Economics is not zero sum game in which the rich get richer at the expense of the poor. The free market is a means by which all of man’s material needs may be satisfied.” The entrepreneur must “study his fellow men in order to better satisfying their needs. In this way, his creative work contributes to the common good. What’s more, he creates jobs while risking his very own well-being.”
To be sure, it is not this way for all entrepreneurs, but “we must know how to recognize and value such a vocation that is absolutely rich in meaning, especially in the social sense,” said Jayabalan.
When asked, how can we help support the growth of entrepreneurship, Jayabalan concluded by saying “we cannot “program or plan” for good entrepreneurs to come about. Indeed, they are persons who respond to a certain calling. But, at any rate, there are some fundamental conditions which our state institutions must guarantee to facilitate entrepreneurship, namely: respect for private property, rule of law, minimal bureaucracy, and fair taxation.”
One of the panelists at the debate, Massimo Ansaldo, an attorney and executive member of Italian Catholic business society “Compangnia delle Opere di Liguria”, said: “When thinking about it, the principle of subsidiarity must be followed, in order for us to pass on social responsibility from the state directly into the hands of the local private intermediaries, such as the family, businessmen, professional associations and cooperatives.
Gianluca Ceccarelli, an infopreneur on the discussion panel, said, “With my work, I am able to support my family. I am not interested in earning huge lumps of money, but rather reinvesting it to continually improve my state…The internet affords endless information and opportunity for growth. It is an incredible phenomenon, though we need to know how to take advantage of what it offers, otherwise we can easily lose our wealth.”
Gian Piero Marafante, an entrepreneur in attendance, gave his reactions to the documentary: “What I like most is teamwork in building up business. Often people ask me why I am so willing to share my business secrets with my colleagues. My answer is that, first off, no one can take my experience from me. But, above all, when teaching others my skills I contribute to the growth of the team and gain tremendous satisfaction from this.”
Finally, Rev. Pietro Damian of the nearby Diocese of Massa Carrara and immigrant from Bucharest, gave his personal testimony from the speaker panel: “When I arrived in Italy, I came to understand the ‘secret’ of economic development in Western countries.”
“Unlike in communist countries where the state owned everything, here people could freely develop (wealth) according to their own talent and ingenuity,” he said.
“My participations in Acton’s educational initiatives (Acton University) in the United States has enriched my knowledge and inspired my pastoral outreach to promote the values that have made our civilization great. Without faith, we risk stifling progress, even in economic terms! Instead of ideologically demonizing business, let’s inspire a rebirth of a culture that unites free enterprise with ethical responsibility, as we find its very foundation in our Christian faith.”
The Acton Institute’s Italian premier of “The Call of the Entrepreneur” in the city of La Spezia was the first of many more showings foreseen in the coming months to stimulate debate in Italy on the virtues of entrepreneurship. Soon the American think tank will travel to Verona for another showing of its documentary before members of the Union of Christian Entrepreneurs and Managers from the Italian region of Veneto.
Electronic engineer Dr. Francesco Bellotti is Professor of Industrial Research and Development for the University of Genoa.
Unfortunately, this eye-catching headline was not a classified ad targeting young professionals for job openings at the Holy See’s many curial and administrative offices – the prized “stable” positions that would have Roman youth queuing in lines much longer those to enter Sunday Mass at St. Peter’s Basilica!
Rather, the Vatican newspaper summarized alarming statistics on worldwide youth unemployment released by the United Nations International Labor Office (ILO) in its detailed 87-page Global Employment Trends for Youth. In its special report the ILO confirmed global unemployment rates for young men and women (ages 15-24) are caught in a dangerous tailspin.
In only a two-year span between 2007 and 2009, an estimated 81 million out of 620 million youth have lost jobs –the unfortunate fall out from the massive lay-offs, non-renewed contracts, and start up bankruptcies during the Great Recession. That’s an average 13% unemployment rate for a young generation whose lives are on pause at critical stages of their vocational and financial development.
Some naysayers claim we are witnessing a veritable free fall into what may be a very long and bitter winter for job seekers, further extended by inevitable “double dip” periods of recession. So pessimistic are they, that we hear them quip: the currently frozen jobs market has activated a financial Ice Age. They argue that world’s unemployed youth are stuck in a very long-term socio-economic downturn in which many of them may never fulfill their basic dreams without stable jobs. Hence they can forget about plans for marriage, having children, purchasing homes, and saving for proper retirement.
Well short of claiming that the sky is falling, in the very least we can agree wit the ILO report: rising unemployment among youth will surely “lead to socio-economic instability and political unrest.”
NEETs and Nullafacenti
A 13% youth unemployment rate would be a “dream figure” for some industrialized countries, like Italy where I live and work. Here average unemployment for the same age bracket hovers regularly above 20% and drastically worsens when counting those young adults older than 25 who are not counted in most official unemployment figures.
Those young Italians who procrastinate entry into the workforce by not graduating university on time or who are still stuck in the starting blocks of their career by taking on un-paid company apprenticeships are typically not counted as unemployed. When we include them in the unemployment statistics, some estimates rise to well over 30%.
Finally, there is the most worrying segment of the young jobless population: the so-called NEETs (Not in Employment or Education or Training). In Italy, NEETs have now reached two million and account for over 21% of the country’s unemployed youth. NEETs are often tarred and feathered as the nation’s nullafacenti (“do nothings”), who help Italy maintain the number one EU position for this ever-growing detriment to society. They invest absolutely nothing in themselves to find traditional jobs or create entrepreneurial business opportunities – a financial and social welfare time bomb just waiting to explode.
To prove my point, just watch this TV5 clip (see minutes 12.20-13:50). Last week on Italian national television, reporters covered the shocking story of a 25 year-old NEET male (living at home in a city near Rome) who violently threatened his parents, extorted them, and even locked them out of their own house as he demanded more “allowance” money to satisfy his various material caprices. Eventually local police had to intervene to subdue the nullafacente and “restore” the official property rights of his parents own home.
Adverse vs. Difficult Conditions
All this is going on while the 2010-11 forecast for economic growth in Europe appears dim, as the Old Continent sputters along a very trepid economic recovery.
In Euro-zone countries official reports for the first quarter of 2010 were modest at best and downright dismal in economies of its weakest Mediterranean partners, like Italy, Spain and Greece. Second quarter reports released on August 13 by Euro Stat were not inspiring either, with average Euro-zone GDP growth rates up by a mere 1%.
When studying conditions in impoverished and developing countries, our heartstrings are tugged by the increasing impossibility for young people to succeed while paralyzed by a most vicious circle of economic, political and social turmoil (no fault of their own!). These include massive obstacles such as absolute tyranny, decades of civil war and genocide, widespread corruption, little or now rule of law, no direct foreign investment, no regular lines of credit, devastating droughts and famines, deathly outbreaks of easily treatable diseases, faulty telecommunications, et al.
Now these are what I call adverse conditions. These are conditions which all but crush any chances youth have to find and create new work, despite their high ambitions, inventive strategies, and sincere vocations in their line of business. Their odds will improve only if radical changes and revolutions occur in their societies.
Yet, we cannot say the same about the chances of youth finding and creating work while living in the world’s largest but struggling industrialized economies, like Italy. Comparatively speaking, this is still a land in which youth can make it in life. Here some of the world’s most creative and unrelenting businessmen achieve success, even despite suffocating regional and national tax structures, turf wars with mafioso thugs, and a near bankrupt social welfare state in times of austerity. Believe it or not, it is still possible for enterprising youth to make it in Italy. It may be very difficult to succeed here, but not impossible as in, say, Cuba or North Korea. Far from it.
Too Much Dolce Vita?
Some stats claim an amazing 70 percent of Italian single men and women (both employed and unemployed) live at home until their mid-to-late 30s. Some critics from hardworking cultures typically say this population group lives the “sweet life”, a.k.a. the dolce vita. Others defend the socio-economic phenomenon, claiming this is the only way youth can save for a future home and a car down payment or to help keep their parents’ household afloat. In either case, they enjoy the benefits of a secure and relatively struggle-free home environment. In Italy no 15-24 year-olds starve or sleep on the street.
However they view themselves, Italian youth usually fail to appreciate that living at home provides a tremendous financial opportunity for them. Unlike others living own their own and barely making ends meet, they can save up small amounts capital over time to try their luck in entrepreneurial ventures on their own or in partnership with others who share their same business concept. This is what I think the Vatican newspaper meant to inspire, when it said youth should live up to their potential as the “forza motrice” (driving force) of the world’s teetering economy.
After all, in addition to being able to save a little venture capital, they have assets and resources that impoverished and developing nations would fight tooth over nail for. They are private owners of smart phones and wireless lap taps, have 24/7 internet access, enjoy affordable higher education (and cheap advanced education), have efficient and very inexpensive transport around the European Union (God Bless Ryan Air!), and can easily request small start up business loans – typically up to €5000 (with their parents as guarantors) to secure a little more investment capital.
And yet so many bitter young Italians sit idle in their beautiful piazzas with nothing better to do.
Ironically these historic squares were not built for modern day-dreamers, but to host and encourage vibrant hubs of entrepreneurial trading during Renaissance times –the very period that gave inspiration to the free market as we know it.
Notwithstanding, Italian youth know not their past nor perceive well their futures. They blame everyone from Berlusconi to the Madonna (not the pop-star!) for having no opportunities.
Parents Should Be Furious
The Vatican news piece of two weeks ago (written on Friday the 13th, another reason to blame the bad stats!) should have been dedicated to a story on inspiring young business leadership in the recession market. They should have interviewed a young Italian entrepreneur, a friend of mine, whose marketing agency was built on less than €1000 start up capital. It now approaches six figures in annual revenue and the business owner is now attempting to purchase his own home, get married and is considering hiring other young collaborators to help take his venture to the next level (yes he is about to create new jobs!).
Italian parents should furious, just like the master in Christ’s Parable of the Talents, whose timid servant had simply buried the meager capital he had received. The risk aversion is the same for Italian upper and middle class youth who do nothing worthwhile, even with a generous €200 paghetto (monthly allowance) that some of them receive. Worse still, they blow it at bars, movie theaters and cell phone shops. Did they know that some successful internet businesses humbly start with that very same amount?
Perhaps it boils down to a question of values – values instilled in youth by an overly cautious post-war generation of parents who insist their offspring find the golden fleece of work (i.e. un posto fisso or permanent union-protected job). Their encouragement has done little but create false hopes in youth.
Sadly, this values system is broken. In Italy, we can no longer use the same macroeconomic and political “excuses” to define the youth’s scapegoats, like we still can in developing and impoverished countries or in 1940s post-World War II Europe. In modern industrialized, but often struggling countries like Italy, the forza motrice must be the the current generation of enterprising youth, whether they like it or not. To do so, they need to finally switch gears and overcome their aversion to risk, discover their special callings in life, invest their talents in worthwhile projects, and once again prove they are one of the most creative and resilient cultures on earth.
In August, the Wall Street Journal Europe published an article exploring the difference in health care received by domesticated animals and humans. (see “Man Vs. Mutt: Who Gets the Better Treatment?” in WSJ Europe, August 8, 2009) The editorialist, Theodore Dalrymple (pen name for outspoken British physician and NHS critic, Dr. Anthony Daniels) argued that dogs and other human pets in his country receive much better routine and critical healthcare than humans: their treatment is “much more pleasant than British humans have to endure.”
Dalrymple outlines just why this is so: pets in the U.K. actually have it better than their owners since: a) they receive immediate treatment with no waitlists or postponed operations “(and) not because hamsters come first”; b) there is no fear that somehow they are being denied the proper treatment for economic reasons: there is “no tension, no feeling that one more patient will bring the whole system to collapse…; (no one is) terrified that someone is getting more out of the system than they.”; and c) pets in veterinary facilities have more options and flexibility for choosing a healthcare practitioner: “if you don’t like him, you can pick up your leash and go elsewhere.”
British humans, on the other hand, have to deal with navigating the rapids and swells of NHS bureaucracy, which requires the skills of a “white-water canoeist”. They must also endure interminable wait-times for prostheses and life-improving operations. Often they receive sub-standard administrative services, nursing assistance and meal provisions.
As President Obama continues to promote a Europeanization of the American healthcare model, the WSJ Europe editorialist beckons us to listen to such howling in the twilight of the Old Continent’s rapidly aging nationalized healthcare systems. Part of this howling is caused in the less dignified forms of public health services and treatment of human patients. Yet, there is plenty of loud barking over the mismanagement and abuse within nationalized healthcare across Western Europe, particularly in terms of mishandling budgets and sources of revenue. (more…)