I believe Syriza is sincere, and I’m rooting for them, but they may have overestimated their own strength, while forgetting how the Mafia came to occupy its position; it didn’t derive from a lot of compromise with left-wing upstarts. Greece may have no choice, eventually, but to default on its debts and leave the Eurozone. The hunger and unemployment of the Greek people may leave them no alternative.
Germany holds the key to where Europe goes next. A fragile deal may have been reached on Ukraine, but there’s still no deal with Greece. In both cases, there’s much more than meets the eye.
There is no guarantee that Greece will be as successful with a return to the drachma, but there are reasons for optimism. First and foremost, the country now has both a primary budget surplus and a trade surplus. The primary budget refers to the national budget without counting interest payments. Greece is running a primary budget surplus of more than 3 percent of GDP (the equivalent of $500 billion a year in U.S. GDP). This means that if it didn’t have to pay interest on its debt, it would not need to borrow to make ends meet.
No solution to the crisis facing the Greek working class can be found within the framework of the pro-capitalist and nationalist program of Syriza. What is required is the building of an independent political movement of the working class, based on an internationalist and socialist perspective.
There is essentially no chance the Troika (well, really, Germany) will give them acceptable terms on a writedown. Negotiations should be intended only to go on long enough to demonstrate that a good deal is not possible. While they are ongoing, the Greeks should be preparing for Grexit and repatriating all the resources they can.
Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”
Resistance, Wolin and Saul agreed, will begin locally, with communities organizing to form autonomous groups that practice direct democracy outside the formal power structures, including the two main political parties. These groups will have to address issues such as food security, education, local governance, economic cooperation and consumption. And they will have to sever themselves, as much as possible, from the corporate economy.
The notion that only the rich should be allowed to have any enjoyment in life is deeply offensive. It is fine for the Bullingdon Club to get plastered on Krug and cocaine and smash up restaurants. That is all jolly japes and high spirits. For a desperate man to seek solace in four cans of Tennant’s strongest or a bottle of Buckfast is however a dreadful sin and sign of social irresponsibility.
When an article appears in Foreign Affairs, the mouthpiece of the policy-setting Council on Foreign Relations, recommending that the Federal Reserve do a money drop directly on the 99%, you know the central bank must be down to its last bullet.
“They have always taught and trained you to believe it to be your patriotic duty to go to war and to have yourselves slaughtered at their command. But in all the history of the world you, the people, have never had a voice in declaring war, and strange as it certainly appears, no war by any nation in any age has ever been declared by the people … Do not worry over the charge of treason to your masters, but be concerned about the treason that involves yourselves. Be true to yourself and you cannot be a traitor to any good cause on earth.” ~ Eugene Debs
…for anyone in a dead-end job whose spirit is not yet crushed, or for those who have given up but whose inner flame of resistance can still be reignited, and for all of us fighting to recover – or hold onto – our humanity while struggling against the torrent of a life-denying culture of rampant consumerism and political double-think which ceaselessly attempts to undermine our striving for a life of meaning and authenticity.
If we don’t do something to fix the glaring inequities in this economy, the pitchforks are going to come for us. No society can sustain this kind of rising inequality. In fact, there is no example in human history where wealth accumulated like this and the pitchforks didn’t eventually come out. You show me a highly unequal society, and I will show you a police state. Or an uprising. There are no counterexamples. None. It’s not if, it’s when.
