Sunday 12 February 2012

A Greek Tragedy

The bankers have won. They can completely destroy an economy, then become the ones who impose the 'rescue' package. In Greece tonight, we see the unabated power of modern capitalism. It doesn't matter what the people think; it doesn't matter what the politicians think; it doesn't even matter what the following Greek elections might produce; everyone will be forced to sit down and eat an enormous excrement sandwich, and there is nothing anyone can do about it.

When I think of the suffering of the Greek people it makes my heart sink. The majority of the population are facing horrific changes, loss of savings, loss of security and earnings.

The government were already making huge cuts to the public sector when they were forced to find another chunk of money, meaning cuts to pensions and the minimum wage. The problem stems from an inability to tax the rich in Greece itself, so making the poor poorer will not make things better. The economy will be bled dry and the government will be even less likely to collect the tax revenue it needs.

Maybe the rioting on the streets of Athens will be a warning to the rich and powerful of Europe; you cannot keep making the people suffer and not expect a backlash. Eventually, there will be no gated community that will be able to protect the elite from the anger of the oppressed. God save us from this economic madness.

1 comment:

  1. Too late, we're not going to be saved from the madness of our own greed. Not going to happen.