The Netherlands is well on its way to derailing its household book enormously.
The Netherlands is not alone in this. Unfortunately, there are only a few countries that maintain a healthy financial household. For a long time this has worked reasonably well in the Netherlands, but since the last 60 to 70 years we have been going in the wrong direction.
How and why things 'suddenly' go wrong in the Netherlands has a long history of internal and external causes.
Gas extraction is a very important part of the process. Shortly after the 2nd World War it was discovered that there were gas fields in the north of the Netherlands that were easily extractable. Initially, small fields were discovered and the extracted gas was used in the region.
The gas bubble near Slochteren was discovered in 1959 and that gas bubble supplied enough gas to supply the whole of the Netherlands with natural gas and, moreover, to export enormous quantities.
Once production and distribution got underway, the gas fields provided the Dutch government with between 10 and 15 billion euros annually. That's nice to walk in!!!!
In total, the Netherlands has earned more than 400 billion from gas sales. Until recently, the Netherlands was the largest producer in the EU and the 9th largest producer in the world.
Then we must be a rich and cool country, surely?
The proceeds from the gas fields, however, were mainly used to blow over. Spending money that comes in easily is such a delightful pastime for politicians. And tastes like more too. Because at the same time as receiving and spending the natural gas revenues, the national debt also increased sharply each year:
In the 30s, during the global crisis, the national debt was less than 3 billion.
After the war, it rose to over 10 billion.
When the natural gas revenues started to gain momentum, the government debt also got further and further out of control.
1965 : 21 billion
1970 : 34 billion
1975 : 50 billion
1980 : 86 billion
1985 : 160 billion
1990 : 187 billion
1995 : 232 billion
2000 : 224 billion
2005 : 266 billion
2010 : 374 billion
2015 : 441 billion
2020 : 435 billion
2021 more than 500 billion
“It's no problem to borrow and spend substantial money, after all, we have the natural gas revenues”, was the philosophy. A little crooked, you might think, but then again we were dealing with politicians who were not much different from the current bunch of liars and cheaters.
(Expressed as a percentage of GDP, the level of debt in 2021 appears to be slightly better than expected, but that picture is distorted because government support to companies has been included as part of GDP, so that the calculation is no longer correct).
The hunger for spending continued to grow and in the 80s and 90s a new idea for generating income emerged: Selling state-owned companies. There was a big sale. Energy companies, water companies, public transport, the national telecom company, the state mines and the postal company, the postal bank, everything was sold off.
The theoretical goal of all this was to make government leaner and more efficient and to lower the burden on citizens. In practice, however, the money released from the sale of state-owned companies was also wasted and the national debt even increased further. Receive less dividend, pay more interest.
In 2012, the Parliamentary Commission of Inquiry into Privatization/Corporation of Public Services produced a voluminous document that concludes in neat and woolly terms that the politicians involved in the privatizations were completely incompetent and that the objectives of the privatizations have almost completely failed.disconnected
Problems were not solved but concealed and moved on. The future would fix it all. Throwing away (borrowed) money is highly addictive and in the past 70 years no one has managed to make ends meet, set up a lean, well-functioning government apparatus and ensure that the debt-free income was spent on a good living and business climate.
Compare it to Norway.
Norway has very large oil fields. The government has initially used the proceeds from the oil fields to build a lean and efficient government apparatus, build a good infrastructure and for the last 30 years the excess proceeds have been put into the Norwegian State Fund. So saved up. A substantial apple for the thirst that now amounts to an impressive sum of around 1.200 billion euros.
Instead, we are now stuck with a failing health care system, a failing justice system, a failing police force, a completely apathetic 1st and 2nd chambers, our autonomy is being squandered on wef, who and other shady organizations, billions are being wasted to somewhere to further flare up the fire of a geopolitical conflict in Verweggistan, tens of billions wasted because of corona hoax nonsense, hundreds of billions are wasted on 'measures' to try to change the air composition and the weather. Moreover, we have become a country that has become dependent on others for the supply of gas. And all that caused for you by more than 900.000 civil servants and politicians.
In the 2nd chamber, which should be our parliament, there are only a handful of members who immerse themselves in business and try to stand up for the interests of the Netherlands and the Dutch. But they have no chance against the large group that does not delve into anything, has no idea what is really going on in the country and in the world, has no vision or historical awareness and, during the substantively substantiated speeches of that handful of well-thinking members, do not understand anything that is being set forth.
Watch this fragment to see how jetten explains what nitrogen is. (For the record, our air consists of 80% nitrogen)
[fvplayer id = ”16 ″]
Only like vultures waiting to hear a word or phrase to act on because it is not appropriate "in the house of democracy" to use such a word or phrase, tribunal or exclusion for example, to use. And that was it. 145 useless fools against 5 brave real people's representatives is about the ratio in the match. So we Dutch will always be the losers.
In the meantime, the right-minded people know all too well about the slimming down of the government apparatus and its efficiency and in the meantime we are also increasingly finding out that we have to pay an increasing price for this. Meanwhile, some of our business has disappeared to other countries (Shell and Unilever for example), some SMEs are being killed, some of our agricultural industry is being killed, hard work is being done to further increase the government apparatus and we are doing our part to cause nuclear war on European soil. To fool you, commissions of inquiry are set up from time to time to make voluminous reports on government failure, and today failing governments are even increasingly fined. Such as the Ministry of Finance, which Alweer have to pay a fine to…….. the Ministry of Finance.
rutler has just announced significant tax increases.
At the same time, we are faced with massive inflation and the insane spending on more war and changing the weather and sky. At the same time, we are faced with a complete failure of government and politics on almost all fronts.
We are sure to be a cool country!