Geithner Urges Europe to Act on Markets - WSJ.com

THE QUESTIONS THAT SHOULD BE ANSWERED, OR, AT LEAST DISCUSSED: Geithner Urges Europe to Act on Markets - WSJ.com

The question G should be asking (both in Europe and at home in the US) is whether we've gone through a period in which liberal thinking, concentrating on benefits rather than incentives for job creation, can work in today's environment.

As an example, Ford recently announced the creation of approximately 220 jobs at a private sector cost per job of just over $600,000. One assumes these are productive, sustainable jobs.

So question 1 would be: What are the capital costs of creating the jobs that these different countries want? (ancillary to this is the level of income they'd like for each job - since higher value (read: paid) jobs probably take more capital).

Question 2 would be: How does society raise this capital? (Just back from China, G certainly must have seen that this capital is raised by entrepreneurs - of whatever relation to the Communist Party).

It would surely seem that the heavy spending of Western democracies on what can be referred to as 'social goods' but not job creation, makes the creation of real, sustainable jobs in this economic environment very unlikely.

Almost all of the European efforts to reduce deficits do nothing to encourage capital or entrepreneurship (just the opposite). The US is clearly trying to pay for more social spending by reducing the capital available for investment and the returns on capital as well.

Just a question; but, it would seem the above deserve some greater attention!