HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » STOCK MARKET WATCH -- Tue... » Reply #66

Response to xchrom (Reply #41)

Tue May 22, 2012, 08:16 AM

66. In Greek Humanitarian Crisis, It Will Be Leftists Or Neo-Nazis Matt Stoller

 

http://www.nakedcapitalism.com/2012/05/in-greek-humanitarian-crisis-its-liberals-or-nazis.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29

Austerity doesn’t just lead to unemployment and misery. If it goes on long enough, it will inevitably lead to the emergence of “swamp thing” extremists into positions of power. Take the situation in Greece, a country which until recently was a wealthy Western democracy with a relatively stable political system. After five years of depression, voters in Greece just fired their equivalent of the Democrats and Republicans, and replaced them with anti-bailout groups, mostly on the left (Syriza and Communists), but also with the neo-Nazi group Golden Dawn on the right.

This should be a wake-up call to political elites globally, because Greece could simply be the start of a trend of collapsing centrist politics and the rise of dangerous political actors. 7% of Greeks, including a substantial number of the police, voted for a fascist anti-immigrant party whose platform is a mixture of economic populism and xenophobic racist lunacy. 21 Golden Dawn members were elected to Parliament. Golden Dawn political machine includes roving gangs of thugs that routinely beat up immigrants, and its political platform includes placing mines on the border between Greece and Turkey to prevent immigrants from coming into the country.

This is what austerity produces – extremism. Fortunately, Golden Dawn only got 7% of the vote, and only 21 seats in Parliament. And mostly, the Greeks voted for parties on the left who reject austerity. Greeks don’t want neo-Nazi groups running the country, they just don’t want corrupt bankers running it either. The man who garnered the most power from the election, leftist Alexis Tsipras of Syriza, has called the situation in Greece a “humanitarian crisis”. That’s just reality. Greece has a large, untouchable patronage system, a big defense sector, wealthy who escape from taxation – and yet international bankers are demanding radical cuts in wages, pensions, and jobs for honest workers.

So people voted for the political parties who rejected the banks. Greek leftist leader Alexis Tsipras is proposing to actually deal with the country’s problems head-on.

By not paying its debts, the country would have enough cash to pay its workers and retirees, he said. He also proposes cuts in defense spending, cracking down on waste and corruption, and tackling tax evasion by the rich.

“Whatever we do, things will be difficult. But it will also be difficult at the same time for all of Europe because the euro will collapse” if Greece’s funding is cut off, said Mr. Tsipras. Both sides should step back “before we reach that point,” he said, and find a “European solution.”



Mr. Tsipras, an engineer by training, recommends a stimulus package to boost the Greek economy and has called for tearing up the country’s existing austerity-for-loans program. He has suggested scrapping plans to lay off 150,000 public-sector workers by 2015, and repealing recent measures to push down private-sector wages. He favors nationalizing the banking system so as to better direct lending policies, and speaks favorably of Franklin Delano Roosevelt’s Depression-era New Deal program and President Barack Obama’s stimulus package—something Mr. Tsipras said is lacking in Europe.


Given the dire situation in the country, this is a sensible, even moderate, set of proposals. And in fact, all of the anti-bailout parties, from Golden Dawn to Independent Greeks (right-wing but not fascist) to Syriza, share the goal of having the Greek state take control of its political order and move on a populist economic platform.

MORE

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 153 replies Author Time Post
Tansy_Gold May 2012 OP
westerebus May 2012 #1
westerebus May 2012 #2
Po_d Mainiac May 2012 #3
Demeter May 2012 #4
westerebus May 2012 #7
Demeter May 2012 #11
westerebus May 2012 #16
Po_d Mainiac May 2012 #17
Fuddnik May 2012 #19
Tansy_Gold May 2012 #20
Tansy_Gold May 2012 #18
Demeter May 2012 #21
Tansy_Gold May 2012 #61
Fuddnik May 2012 #71
Po_d Mainiac May 2012 #75
Demeter May 2012 #80
westerebus May 2012 #81
Demeter May 2012 #85
Tansy_Gold May 2012 #88
Demeter May 2012 #97
Tansy_Gold May 2012 #99
Fuddnik May 2012 #107
Po_d Mainiac May 2012 #93
Ghost Dog May 2012 #106
kickysnana May 2012 #91
Demeter May 2012 #98
AnneD May 2012 #114
Demeter May 2012 #5
Demeter May 2012 #6
Demeter May 2012 #8
Demeter May 2012 #9
Demeter May 2012 #10
Demeter May 2012 #12
Demeter May 2012 #13
Demeter May 2012 #14
Demeter May 2012 #24
Demeter May 2012 #34
Demeter May 2012 #35
Demeter May 2012 #15
girl gone mad May 2012 #25
Demeter May 2012 #39
Po_d Mainiac May 2012 #64
Demeter May 2012 #58
Demeter May 2012 #59
dixiegrrrrl May 2012 #150
bread_and_roses May 2012 #152
dixiegrrrrl May 2012 #153
Demeter May 2012 #22
Demeter May 2012 #23
Tansy_Gold May 2012 #144
Demeter May 2012 #145
Tansy_Gold May 2012 #146
Demeter May 2012 #147
Tansy_Gold May 2012 #149
Demeter May 2012 #26
Demeter May 2012 #27
xchrom May 2012 #28
DemReadingDU May 2012 #37
Demeter May 2012 #44
Fuddnik May 2012 #65
xchrom May 2012 #67
Fuddnik May 2012 #68
AnneD May 2012 #119
Fuddnik May 2012 #136
AnneD May 2012 #151
Demeter May 2012 #74
xchrom May 2012 #29
Demeter May 2012 #30
Demeter May 2012 #31
bread_and_roses May 2012 #72
Demeter May 2012 #86
DemReadingDU May 2012 #115
xchrom May 2012 #32
Demeter May 2012 #33
Demeter May 2012 #36
Demeter May 2012 #38
xchrom May 2012 #40
xchrom May 2012 #41
LineLineReply In Greek Humanitarian Crisis, It Will Be Leftists Or Neo-Nazis Matt Stoller
Demeter May 2012 #66
Demeter May 2012 #87
Demeter May 2012 #100
Demeter May 2012 #102
AnneD May 2012 #124
Demeter May 2012 #42
xchrom May 2012 #43
Demeter May 2012 #57
xchrom May 2012 #62
Demeter May 2012 #45
Demeter May 2012 #46
Demeter May 2012 #47
Demeter May 2012 #48
xchrom May 2012 #49
Demeter May 2012 #52
xchrom May 2012 #53
Demeter May 2012 #63
xchrom May 2012 #78
Ghost Dog May 2012 #108
xchrom May 2012 #109
Demeter May 2012 #50
xchrom May 2012 #51
Ghost Dog May 2012 #111
Demeter May 2012 #54
Demeter May 2012 #56
just1voice May 2012 #130
Demeter May 2012 #132
Eugene May 2012 #148
Demeter May 2012 #55
Fuddnik May 2012 #69
bread_and_roses May 2012 #70
Po_d Mainiac May 2012 #76
Tansy_Gold May 2012 #138
Demeter May 2012 #60
Ghost Dog May 2012 #112
Roland99 May 2012 #73
Roland99 May 2012 #82
Demeter May 2012 #77
Ghost Dog May 2012 #113
Tansy_Gold May 2012 #79
Roland99 May 2012 #83
Demeter May 2012 #84
xchrom May 2012 #89
Demeter May 2012 #103
xchrom May 2012 #90
xchrom May 2012 #92
Tansy_Gold May 2012 #94
xchrom May 2012 #95
Tansy_Gold May 2012 #96
Demeter May 2012 #104
Roland99 May 2012 #101
Demeter May 2012 #105
AnneD May 2012 #110
Ghost Dog May 2012 #116
AnneD May 2012 #122
Ghost Dog May 2012 #117
Demeter May 2012 #118
Demeter May 2012 #120
Demeter May 2012 #121
Demeter May 2012 #123
Demeter May 2012 #125
Demeter May 2012 #126
Demeter May 2012 #128
Po_d Mainiac May 2012 #127
Eugene May 2012 #129
Tansy_Gold May 2012 #131
Demeter May 2012 #134
Roland99 May 2012 #133
Demeter May 2012 #135
Roland99 May 2012 #137
Fuddnik May 2012 #140
Po_d Mainiac May 2012 #141
Roland99 May 2012 #139
Demeter May 2012 #142
Roland99 May 2012 #143
Please login to view edit histories.