Video: Naomi Klein on Greece

The financial collapse of the Greek government and imminent financial failures of other European governments is the inevitable outcome of the EU having adopted "neo-liberal" economic theory. Neo-liberal economics is just a prettied up term for the financial rape of an economy. Hopefully the people themselves will take charge of their fate rather than falling into the trap of empowering some far left or far right-wing radical government that could destabilize the region like what happened after WW1 when the defeated peoples were pushed up against a wall and turned to madness to escape.

The more austerity that gets imposed on the Greeks the more their tax receipts fall exacerbating the problem. The other day I heard that their tax collections were down by 18%. It seems as though there is a schizophrenic tragedy playing itself out with other governments interested in stabilizing Greece while the financial elites are more interested in taking the country apart than in solving its debt crisis. The banks now have such a stranglehold over its economy that the Greek govt. is being forced into a "fire" sale, liquidating huge swaths of public assets in order to satisfy its creditors. It seems nonsensical to me to expect that selling off public assets at rock bottom prices for short term gains and lowering the wages of tax paying consumers will result in a positive economic outcome but that's the absurd logic being peddled just so that some select few can benefit from the disaster the Greeks have been driven into.

http://www.reuters.com/article/2012/02/19/us-greece-austerity-idUSTRE81I...

http://greekleftreview.wordpress.com/2012/02/13/naomi-kleins-interview-a...

to read John Holloway's "We are all Greeks" published in: The Guardian, Feb 17, 2012, click on

http://www.guardian.co.uk/commentisfree/2012/feb/17/greece-protest-faile...

http://www.guardian.co.uk/commentisfree/2012/feb/17/greece-protest-faile...