http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100026533/italy-is-wasting-away-month-by-month/

Winter is coming

Main problem that not in Italy only.

Thankfully we'll have these new 4K cameras to capture the agony with the most immaculate detail.

Just remember to stock enough solar panels, batteries, weapon and ammunition :-)

@Riker "Thankfully we'll have these new 4K cameras to capture the agony with the most immaculate detail." - This sentence answers everything.. The only industry whats not regulated by the retarded Governments are the electronics everything else is dictated by bureaucrats. We have no shortages of inventions and price dropping in electronics. In all government regulated industries like housing, healthcare, banking, food, energy the world has constant shortages. "Everything government touches turns to crap." -Ringo Starr

Think about that sentence before you argue for greater regulation. Govt is a large monopolistic corporation that has the the right to kill (police and army) and rob (taxes).

Among other reasons about Italy decadence, this is the most overlooked: http://en.wikipedia.org/wiki/Functional_illiteracy

I think media bombardment and functional illiteracy played a role, after all Italy is a democracy and voters allegedly choose their leaders...and with that being said, ever since mr. Silvio got ahold of his media empire he served Italy with steady diet of pointless daily shows, velinas and football.

I'm not saying that's the sole reason for his long term governing, but we all know how big of an impact the media has on regular voter.

Of course, the fact that we live in a world where we need constant consumption to grow is a joke of itself.

There was a headline few days ago about some rift between US Army and their contractors since the Army was claiming they don't need new tank production anymore...contractors had different opinion...of course you need new tanks...LOL

It's a ridiculous world led by grown kids. I live pretty close to Italy so I can atest to their situation, they call the new generation "generazione mille euro" since the new kids now are thankful to find a job that pays 1000€ which may be ok in the shithole I'm living in, but in Italy that's close to nothing, they had another standards for decades but now the situation has drastically changed.

I know a family that owns a house in northeast Italy, and we talked about these subjects. I was stunned when I heard all the taxes and fees they have to pay annually as house-owners, it's a legal racket, no other words to describe it. Something in the lines of 3000€ a year, every year, for your own property.

predictions are for gypsies

hahaha.

So if a lot of people are in bad health and need to take drugs and go to hospitals, that bumps up the GDP. Is that a good thing?

Fun thing, 29th May UK stated that it'll include pot and hookers in GDP also :-) Heading same way.