The Economist On the Greeks, by Political Observer

http://www.economist.com/node/21559373?fsrc=scn/tw/te/ar/troikaiscoming

This is an essay that needs to be read but with a cautionary note:the Greeks have become the focal point of Free Market finger pointing and viscous name calling, indeed ethnic slurs,in the battle against Socialism, political corruption that takes on mythic proportions. The essay itself is rather mild mannered, yet firm, in the belief that something is very wrong in Greece. In the manner perfected at the very conservative Economist.Yet that something points in various directions but never really points to one of the major causes of the collapse, the American economic 'reform' of 1999. And it's destructive effect on the house of cards of the various economies of the EU. If we were irresponsible and heedless, the Europeans were more so. The surprising vicious name calling etc., that I refer to occurs in the comments section, that is alive with vitriol and cartoon versions of the various economic theories,and prejudices: all under the rubric of Free Market Economics.It reminds me of the No-Nothing commentaries of current American political debate: an economic theology as twin of our current political theology.

Political Observer

About stephenkmacksd

Rootless cosmopolitan,down at heels intellectual;would be writer.
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