The word is “Rhetoric” …. the word by which all politicians survive…all words and no action.
The economic problems of the World of democratically elected governments are all caused by politicians bribing the hoi polloi with borrowed money in order to get re-elected. The great problem with democracy is that the people forever demand more from their governments and the politicians forever borrow more to bribe them with in the hope that they will achieve re-election. The end result is that a time comes when governments cannot borrow any more and thus you arrive at the problems that the PIIGS are going through,  where Newton’s third law of motion doesn’t work…The people can “scream and holler” all they like but the central governments will not,  cannot move an inch


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