economy, Europe

Some Thoughts On The Greek Crisis

150105_Open_Europe_Blog_Greece

This Greek economic crisis is so big, so complex, and so important that I am working on a much longer and more thorough post to explore my feelings about it…That being said I have a few things to say about it all. First though, watch this video

https://www.facebook.com/ezraklein/videos/10153482082448410/

It is the best explanation I have yet found about what the Greek/Euro crisis is all about and what is at stake and I suggest that everyone with any interest in economics, European politics, and social justice watch it and absorb its message.

Back to my points…I am not Greek and I do not pretend to know what it is like to live in a society whose economy is under siege by austerity politics and economics, but I do know that neoliberal policies are not in the best interest of working people and their families. Germany controls the Eurozone with an iron fist, and it essentially dictates policy on a macro level. The Referendum called for by the ruling Leftist Syriza party has just finished and the votes are being counted. At the moment, the NO campaign (i.e. NO to the Eurozone Austerity conditions on debt repayment) is winning and this may lead to a return to the Drachma and a Greek exit from the Eurozone itself. This would be an enormous blow to practical neoliberal economic policies and could signal the beginning of the end of the grand European Union experiment in economic and political Federalism. While I work on a longer response to this crisis I will leave you with some thoughts I posted on twitter regarding the situation. Take them for what they are, realizing that I have strong Anarchist leanings

Only alternative for Greece, any nation, is to continue to be beholding to bankers & bureaucrats who cater to them i.e. perpetual austerity

A reverse “shock doctrine”: withdraw from the global “free market” & dare Eurozone, the IMF, the World Bank & the corporations to stop them

seize all assets & property of all international corporations within the nation, nationalize the banks, & then start from there

Members of parties & their voters could refuse to participate in the election, seize the parliament, proclaim a people’s committee

Greek economic question being posed as “No To Euro = Anti-Business anarchy” & “Yes to Euro” opposite. how about no to everything & revolution?

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