posted on Nov, 1 2011 @ 03:39 PM
It would be a fitting irony if the country who gave us the term democracy took the first real step toward restoring it by pushing through with a
referendum that returned the power to the people to determine their own economic future.
For years, whether we live in first world countries or in third world countries, our lives and our fortunes have been increasingly dictated by the
economic interests of a few. Large corporate concerns who take risks with money that would be considered criminal if undertaken by regular people in
any nation, leveraging billions of dollars, making millions for themselves, and doing so largely just by betting in a legalized form of gambling that
is so powerful it is essentially unregulated.
The Greeks face two tough choices. They have the opportunity for a restart and poverty, or the choice to follow an unsustainable plan and poverty.
When I look at it, it seems like the choice is simple. To let an entire generation suffer through the debts of the past, living to pay margins drawn
up on some balance sheet would be utter and absolute folly.
I think the Greek people, along with most other people throughout the world, realize this. And I also think no matter how much the media tows the
party line, no matter how much fear the banks will try to promote, no matter how many politicians they pay to do their bidding, people know they are
getting screwed. And somewhere, someone will say no. Iceland did, and it has worked out fine for them.
They may have caused their crisis with unsustainable spending, and they have to deal with that on their own terms in the future. It doesn't matter
now. What matters is whether they will choose to find those solutions on their terms, or whether they will have them dictated to them. The offer is
a 50% payment on a bill they can't pay in any case so they can remain at 120% of their GDP in terms of their debt. No nation should throw away 10
years of its future.
Greece can also. Greece can make new financial instruments to fund itself, and after a time of difficulty, have a chance to recover. If they make
that choice, Europe as presently constituted may very well fall. And yet, I don't see that as bad. Return governance to the people of your nation.
If you want a stronger political union, achieve it. But the idea that we should live in perpetual debt is akin to modern feudalism, and that is the
system being forced on us. It's as true in America as Europe as Asia as Africa.
So tonight, I'm hoping Greece stays strong, and remembers the lesson of Thermopylae. A few people fighting for the right reasons outnumber any horde
fighting for the wrong ones.
I don't have all the answers for what should happen, but I have enough sense to see what is being present as the solution is no answer at all.