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Just like everyone else, Greeks want to buy Samsung and Apple and Sony and VW and Facebook ads and materials and services from all over the world. It's the way
by delegate 10y ago
Just like everyone else, Greeks want to buy Samsung and Apple and Sony and VW and Facebook ads and materials and services from all over the world.
It's the way our system works - I want avocados now, even though I'm thousands km away from an avocado tree.
One solution would be for me to give up on the avocado, but then the world needs me to buy it, otherwise the balance of avocados in the economy will move and the futures will go down and everyone panics and now maybe I will say no to mangos too ... sell, sell, sell!
This is how it works - not because someone conceptualised, thought through the whole complexity - it just ended up being like this..
> For example, that anyone has the authority and intelligence to tell the entire world how it should function.
I'm not getting my hopes too high for a global change - in fact I think this can't happen without some sort of global crisis or conflict preceding it.
It's very easy to see that the system is broken - much harder to fix it of course.
- DickingAround 10y agoA very reasonable response. Thank you. I would like to push back on one point of the top though, I don't think the world is so locked in to the consumption of a small nation or any small population. Indeed, panic would happen if America banned imports. But if many in Greece had to take a step back and dramatically reduce their IPhone consumption until they invented new ways to add value, I doubt anyone would notice. The panic of a Greek default seemed to more step from the many who invested there without expecting a collapse. Even now I think a Greek default would be pretty non-eventful given how much warning time everyone had. (Debt defaults of small countries being relatively common)