Thursday, February 22, 2007

Fun with the Italian Government

Looks like the legendary stability of the Italian government is as strong as ever. It's funny but Italy might be the only example of a country becoming less cohesive after unification. This brings to mind a comparison of the US and the rest of the world. Follow me for a bit...

It's been a while (going on 20 years) since I was there but I'm guessing that the country is still as beautiful and enjoyable as ever. If you have an income that's in a different currency than the Lire, that is. Yes, I know that the Lire is obsolete; replaced by the Euro. But the basic income hasn't changed that much over time. One USD is currently running at around 1,478.60 ITL (1.00 EUR = 1,936.27 ITL). If you take a SWAG and say an average income of $3.35/hr is not unreasonable, that comes to 198,045.60 ITL a week. Figure the cost of a loaf of bread at around 2,700 ITL you should be able to extrapolate the cost-of-living. (For comparison, an income in the US of $35K comes to about $15.63/hr)

What all this means is that the living situation in Italy is precarious at best. Even so it's miles above where the undeveloped nations are. Looking at things from a financial and political perspective will show you that US citizens really are very fortunate. So the next time someone starts ranting about how bad it is in the US due to the government or economy, think about where things are in comparison to the rest of the world.

Every day each citizen of the US should give thanks for their government and economy. As bad as some might claim, US citizens are far better off than anyone else in the world.

1 comment:

  1. An Italian Government Falls, Again by Gail Edmondson and Courtney Walsh February 22, 2007, 6:53PM EST - "Italy's electoral law made Prime Minister Romano Prodi's resignation all but inevitable. He may return, but either way, reform is likely."

    More on the situation in Italy. I do wish I could get back there sometime. I'd love to show my son around. Ok, we'd be at the beach all the time. But that's good, too.

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