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>Why do you think it makes sense to hold millions accountable directly for the corrupt dealings of a few members of a country's elite (and of a few foreign bank

>Why do you think it makes sense to hold millions accountable directly for the corrupt dealings of a few members of a country's elite (and of a few foreign bankers, politicians etc.)? That's how democracy works. If you are not happy with your current government, elect the one you are happy with. Over time, I've found that the elected government really does represent the general population.

leto_ii 7y ago
In representative democracies people don't really have much control over the day to day operations of the government. They are also often deliberately kept in the dark about the decisions being made. Even if they had the necessary information available, it would be almost impossible to keep up with everything since people have other more important things to do to e.g. work. > Over time, I've found that the elected government really does represent the general population. I don't know where this happens, but if/when it does it's more of a fortunate accident than the default outcome.
- kriberg 7y ago
  Should the population of other countries be held accountable for Greeks disinterest in their own democracy?
  - atmosx 7y ago
    It's not like other countries are not affected, all over Europe alt-right is thriving because of austerity. The EU is disintegrating. Greece is the weakest link. So, what you call "Greeks disinterest in their own democracy" I call "canary".
  - odshoifsdhfs 7y ago
    No, but the banks that had no problem lending the money and collecting the interest, yes. That is the whole purpose of interest. Or you are telling me that the banks that lent billions, knew even less than the greek citizens?
    - kriberg 7y ago
      No doubt, both lenders and borrowers must share blame. This is a sovereign nation though, it should be expected to operate with sound fiscal policies and banks shouldn't base lending on political programs. Lest we let banks regulate policy through their willingness to lend money. That's the situation we did get in the end though, with austerity through blackmail. Greeks are now furious at the German government for protecting their financial institutions from collapse. While it might be more apt to be furious at those whom voted for policies not fiscally sound. So what is the way forward? Certainly not what the IMF suggested at the time, as they as much have admitted to. But is Varoufakis pointlessly relegislating that decision or is he trying to sell a book?

leto_ii 7y ago

In representative democracies people don't really have much control over the day to day operations of the government. They are also often deliberately kept in the dark about the decisions being made. Even if they had the necessary information available, it would be almost impossible to keep up with everything since people have other more important things to do to e.g. work. > Over time, I've found that the elected government really does represent the general population. I don't know where this happens, but if/when it does it's more of a fortunate accident than the default outcome.

kriberg 7y ago
Should the population of other countries be held accountable for Greeks disinterest in their own democracy?
- atmosx 7y ago
  It's not like other countries are not affected, all over Europe alt-right is thriving because of austerity. The EU is disintegrating. Greece is the weakest link. So, what you call "Greeks disinterest in their own democracy" I call "canary".
- odshoifsdhfs 7y ago
  No, but the banks that had no problem lending the money and collecting the interest, yes. That is the whole purpose of interest. Or you are telling me that the banks that lent billions, knew even less than the greek citizens?
  - kriberg 7y ago
    No doubt, both lenders and borrowers must share blame. This is a sovereign nation though, it should be expected to operate with sound fiscal policies and banks shouldn't base lending on political programs. Lest we let banks regulate policy through their willingness to lend money. That's the situation we did get in the end though, with austerity through blackmail. Greeks are now furious at the German government for protecting their financial institutions from collapse. While it might be more apt to be furious at those whom voted for policies not fiscally sound. So what is the way forward? Certainly not what the IMF suggested at the time, as they as much have admitted to. But is Varoufakis pointlessly relegislating that decision or is he trying to sell a book?