@GiorgioSecondi @AthanassiouJ

The Greeks are not yet asking for debt forgiveness, but an end to utterly failed Austerity: the ‘strong medicine’ of the IMF, that is prescribed regardless of circumstance, or more pointedly as the cure for the Welfare State as a spent force, in light of the economic revelation of neoliberal rationality. Austerity is the weapon of choice for the Political Romantics who call themselves Economists!  And these Economists lend their withered prestige, as bankrupt servants of a Capital, that has put itself and the rest of us in the economic funk that is our present condition. Greed, mendacity and a winner take all mentality presently rule the political/economic state of ‘The West’.

Headline: Greece Fallout: Italy and Spain Have Funded a Massive Backdoor Bailout of French Banks

by Benn Steil and Dinah Walker
July 2, 2015

http://blogs.cfr.org/geographics/2015/07/02/greecefallout/

With the help of an Economic Science that has forgotten/discarded it’s root in Political Economy, and it’s deep, unbreakable connection to Mr. Smith’s Theory of Moral Sentiments. For that see the Penguin Classics edition of the 250th anniversary edition of Theory, with an introduction by Amartya Sen.

http://www.penguin.com/book/the-theory-of-moral-sentiments-by-adam-smith/9780143105923

Regards,

StephenKMackSD

About stephenkmacksd

Rootless cosmopolitan,down at heels intellectual;would be writer.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s