Rado Pezdir has made an interview with Ljubo Sirc, PhD. Click here and read this outstanding interview where Ljubo Sirc speaks about his academic work in Great Britain. He also speaks how difficult it really was to meet face2face with crazy ideas of socialist economic thought and continually catastrophic supporters of socialism's destructive economic philosophy.
"Of course trade unions claim higher wages, but the only way to get them is to work productively. Instead of doing everything possible to improve our productivity, which would be resulted in higher wages, trade unions insist on a deadline without imposing any credible changes . And there's no growth without changes because growth itself requires flexibility. Rapid growth and productivity result wealthier quantity of production goods. If the quantity is too high, then a portion of production factors needs to be replaced into other production. Thereby we say that the elasticity of demand is too low. The onward consequence is that not everyone can be guaranteed for having the same job in the same area of experty ever after."
Ljubo Sirc, PhD
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