Greece Proves Again Why Democracy is the Criminal Classes’ Great Fear


New Economic Perspectives has the article Greece Proves Again Why Democracy is the Criminal Classes’ Great Fear by William Black.

So, the new Greek government was right on both of its key policies – as even the troika’s historic “deficit hawk” (the IMF) now admits it has known for years. That means that the troika has knowingly insisted on economically illiterate and self-destructive policies and caused immense human misery for no (desirable) reason. What is going on? The answer is the troika’s oxymoronic definition of “reforms.” When the troika uses the word the “reforms” it means three anti-reforms – reduced wages and rights for workers, destroying the safety net, and selling public assets to private buyers. The troika is deliberately, with the aid of the major media, generating a “race to the bottom” throughout the EU. The New York Times provided a reprehensible example of how the media aids and abets this assault on workers and those who need the safety net in a June 29, 2015 article entitled “Greece’s Troubles Attract Little Sympathy From Poorer Neighbors.”

“We are much poorer than the Greeks, but we have performed reforms,” Rosen Plevneliev, the president of Bulgaria, a northern neighbor of Greece, said in an interview.

While the media cannot refer to Greece’s government without the label “left-wing,” an ultra-right wing politician and vitriolic opponent of the Greek government is simply referred to as “the president of Bulgaria.” (The NYT article above promptly referred to “The left-leaning Syriza Party.”) Given Plevneliev’s anti-worker ideology, he was delighted to inflict “reforms” harming labor. His fear is that Greece will not be destroyed by the troika and that Bulgarian labor will rise up in political opposition to his party. He is, of course, a virulent opponent of the Greek government.

More signs the revolution is coming.

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