Ciampi's Thorem

It's since more than two months that the limits of the “Japanese system” have emerged showing at all their magnitude as well as it is well-known the consequences over the Rising Sun and the interdependent countries economy.
Since months the financial crisis is getting more and more evident (as well as the industrial crisis) that involves Brazil and South America.
It's since many months that Russian soldiers and workers do not receive their salary because of the State accounts difficult, that almost has brought Eltsin to destitution and to the installation of a coalition government with the neo-communists.
Since months the stock exchange “downs” and then “ups” and then “more downs” (etc.) burns out thousands billions of assets.
Nowadays (finally!) it seems that the International Monetary Found has became conscious and has came into acknowledge of what it is happening. Now IMF launches a warning: aware, we are at the threshold of a recession. The Found suggests to the so called Industrialised countries (United States, Canada and Europe) to lower interest rate. Is it enough a monetary manipulation to avoid the widespread of a world crisis?
To give trade back to revival, is it enough “to file” the money cost? If “specialists” say so, it is to believe them.

30th, it is very probable that it will repeat the positive evaluation, already expressed about 31.12.97 balances.
An attentive interpretation of the 31.12.97 balances allowed otherwise to notice that profits were often (very often ) not to attribute to the gross operative margin bettering (that is to an increase of productivity in the main activity) but they arose from “chooses” within the balance concerning “upswing”, “Corrections”, “Funds” etc., that is by capital gains contributions and from mergers and incorporations too.
Besides, the Mediobanca survey about '97 has clearly highlighted that facing a benefit's increase of 51% it counters the plain increase of 6% of sales. This 6% reduces to a very little, devaluation net.
An analysis of the balances enclosed to the 30.6.98 six-monthly data allows to notice the more significant contribution of the “financial proceeds” and that of the benefits brought by the lower money cost.
Substantially, if jobs do not increase it is also because in general (praiseworthy as usually the exceptions) the business accounts better within the financial managing that does not create employment.
Ciampi and the trade unions require to agree a new “social pact” whose aim is the re-equilibrium of the

It remains the doubt that consumption is restrained because millions and millions of potential consumers are unemployed and consequently they do not have any income.
Where and how to foster new jobs is the main dominant issue of an Europe which has pursued “accounts” and disregarded “person”. Cesare Romiti has, at his time, pointed out, extremely clearly, the consequences related to an Europe money oriented, rather than society oriented.
Somehow, nowadays it's this way.
Elaborating the 1997 balances, Mediobanca, in the “1749 Italian companies cumulative data” report has reported that in '97 the Italian companies have reached record profits. If Mediobanca carries out an analogue survey about the six-monthly data at June

business profitability into employment terms.
Ciampi's formula is to gain less on the single product unit to gain more selling more.
This formula descends from a misunderstanding. As it has been already said, the indexes concerning '97 and those concerning the “six-monthly” data do not come (for the majority of the companies) from a high margin for sold product unity. The companies put into effect the price policy that the market allows. It is not useful to reduce prices if consumption falls. It is banal to remember that consumption premise is that 'customers' must have purchasing “potentiality” and purchasing “propensity”. Substantially, money circulation and trust in future (also one's own).
The world economy trend does not foster that.

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