The Broken Window Fallacy

Posted on April 11, 2012 by
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About machholz

I started this Blog to get out of my system the absolute rage that I have for the corrupt politicians and their Banker Buddies. I’m an ordinary guy, married with kids, and have firm opinions of what is right and what is wrong. I’m not afraid to say it even when it makes me unpopular. I reproduce news all manner of articles, but will always confirm the source of the articles; this is a compliment to the source of such news pieces. But if you do not agree with this and you are the original author, I will take down any article when requested to do so. I do not assume that the author of the news articles share with my views, I include news articles to give readers another slant to my views or to illustrate what the mainstream news media say on the relevant topic. The opinions expressed are my own but I do not accept liability for them, If I have offended you or made a factual error please put on record the truth by leaving a comment. In addition, my thoughts and opinions change from time to time...I consider this a necessary consequence of having an open mind. This weblog is intended to provide a semi-permanent point in time snapshot and manifestation of the various memes running around my brain, and as such any thoughts and opinions expressed within out-of-date posts may not the same, nor even similar, to those I may hold today. For the record I am currently an Independent political activist and am not affiliated to any political party
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One Response to The Broken Window Fallacy

  1. citizenliam says:
    April 13, 2012 at 12:46 pm

    Surely the point is that any money spent has only two possible destinations: (1) the Irish government and (2) foreign governments. If I buy an article made in Ireland by Irish workers using Swedish wood and German machinery, a proportion (say half for simplicity) goes to the Irish factory owner who pays his workers. The rest goes to Sweden and Germany. But wait, I’ve paid VAT so some goes to the government; and the factory owner pays corporation tax (and income tax) and the workers pay income tax. More to the government. They both spend the remainder on Irish beer and Irish food (more VAT) and the brewer and grocer pay more corporation and income tax and so on ad infinitum. The government then redistributes it (much to German banks!!!)
    Incidentally, the same happens in Sweden and Germany; ie all the money eventually makes its way to the respective government. In fact it really doesn’t matter what the money is spent on; that’s the result.
    What matters is whether the people firstly have the basics of food, clothing and shelter and secondly whether they are satisfied with getting (all of?) whatever else they need and (some of) whatever else they want. Therein lies the rub. It seems to me that the needs are largely ignored while the wants are top billing (in every sense). We want electronic / IT gadgets to such an extent that IT companies (suppling largely unnecessary games, apps etc. etc.) are worth €billions while needs are worth so little by comparison. Top sportsmen earn €millions while carers often go unpaid. We value fresh fruit and veg little but we pay €thousands for silly gadgets. Nature, music, books etc. continue to be almost free while fashion, make-up, flash cars cost a fortune!
    The problem, I believe, is delusion and greed as much as anything.

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