They are not happy.  Unions condemn delegates on crisis

The gloom surrounding this year’s World Economic Forum descended into confrontation yesterday as international labour leaders launched a withering attack on the 1,400 business executives and 41 heads of government at Davos over what the labour leaders alleged was their failure to respond effectively to a deepening crisis of their own creation.

Guy Ryder, the general secretary of the International Trade Union Confederation (ITUC), said that the current financial turmoil had triggered a social timebomb that would lead to deepening civil unrest and soaring crime.

Mr Ryder, speaking as strikes involving hundreds of thousands of workers erupted across France and Germany, told The Times: “We are on the road to serious social instability, which could be extremely dangerous in some countries to democracy itself.”

This approach has worked well for Islam in Europe.  Copycats.

The ITUC warned that around the world more than 50 million jobs could be lost this year and that more than 200 million people would be driven into absolute poverty. The confederation said that the financial crisis had arisen because of “rampant speculation and financial profiteering” and that new global financial architecture needed to be established to “support regulation and ensure coherence”.

Because the bureaucratic stranglehold the European Union has on wealth production just isn’t enough.

The ITUC said that it was calling on business and political leaders in Davos to agree on a comprehensive recovery-and-reform package to protect jobs and kick-start a recovery, including a coordinated fiscal stimulus, a strengthening of unemployment and social security schemes and emergency IMF loans for developing countries without austerity conditions.

The worsening atmosphere of blame and retribution in Davos came after the publication this week by the Geneva-based International Labour Organisation of figures which showed that global unemployment would rise to 230 million this year, or 7.1 per cent of the world’s workforce.

However, Mr Ryder issued a blunt assessment of this year’s World Economic Forum. “The certainties that have defined Davos for the past ten years have collapsed,” he said. “We are witnessing the collapse of an entire system of ideas.”

So let’s have bigger government to fix the problems big government caused.  Nary a mention of the free market.

“The nine most terrifying words in the English language are: ‘I’m from the government and I’m here to help.'”–President Ronald Reagan

They are just as applicable to Europe as they are to us.

H/T  FreedomPolitics

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