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Don't try to turn this into an argument about racism. There is something fundamentally, deeply broken with the Greek economy: http://www.lapasserelle.com/bill

Don't try to turn this into an argument about racism. There is something fundamentally, deeply broken with the Greek economy: http://www.lapasserelle.com/billets/greece_GDP_growth.jpg http://www.lapasserelle.com/billets/greece_GDP_growth.jpg No-one with any sense is trying to make this about "Greeks". But there is clearly something wrong with politics and economics in Greece.

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Daishiman 11y ago
In an economic union with no possibility of states to set their own monetary policy, there will always be a squeaky wheel. If this fact is not admitted, there is not point for Greece to be in the union.
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pessimizer 11y ago
> There is something fundamentally, deeply broken with the Greek economy The current growth rate is a result of austerity, not a bizarre retroactive justification for it.
- duncan_bayne 11y ago
  I think you're conflating two different issues: a) the Greek economy is currently in debt with no realistic way of repaying it in the short term, and b) Greek politicians have adopted a socialist-minded Keynesian tinkering-around-the-edges that has somehow been named 'austerity'. The root cause of a), and then the body politic adopting b), is broken economic culture: https://mises.org/library/greece%E2%80%99s-biggest-problem-its-anti-capitalist-culture https://mises.org/library/greece%E2%80%99s-biggest-problem-i... "And so it is with Greece. After already securing debt relief and effectively being allowed to default by restructuring its debts over the next fifty years at subsidized interest rates — and after actually achieving economic growth in 2014 by cutting taxes and slashing the size of its sclerotic, bloated government — this toxic Greek culture prevailed once more and elected a team of socialist die-hards to drag it back into the mire. Of course it doesn’t help that on the other side of the negotiating table is another bunch of central planners in the EU, IMF, and ECB. Nevertheless, Greece sits stuck between two central planning negotiation parties because its people have been too busy demanding goodies instead of freedom."
seesomesense 11y ago
"There is a difference between saying that "the Greek people are corrupt" and saying "the Greek government and tax-collection system (or other systems) are corrupt"" Really ? That corrupt Greek government and tax-collection system, who is it staffed by ? The Inuit ?

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Daishiman 11y ago

In an economic union with no possibility of states to set their own monetary policy, there will always be a squeaky wheel. If this fact is not admitted, there is not point for Greece to be in the union.

deleted 11y ago

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pessimizer 11y ago

> There is something fundamentally, deeply broken with the Greek economy The current growth rate is a result of austerity, not a bizarre retroactive justification for it.

duncan_bayne 11y ago
I think you're conflating two different issues: a) the Greek economy is currently in debt with no realistic way of repaying it in the short term, and b) Greek politicians have adopted a socialist-minded Keynesian tinkering-around-the-edges that has somehow been named 'austerity'. The root cause of a), and then the body politic adopting b), is broken economic culture: https://mises.org/library/greece%E2%80%99s-biggest-problem-its-anti-capitalist-culture https://mises.org/library/greece%E2%80%99s-biggest-problem-i... "And so it is with Greece. After already securing debt relief and effectively being allowed to default by restructuring its debts over the next fifty years at subsidized interest rates — and after actually achieving economic growth in 2014 by cutting taxes and slashing the size of its sclerotic, bloated government — this toxic Greek culture prevailed once more and elected a team of socialist die-hards to drag it back into the mire. Of course it doesn’t help that on the other side of the negotiating table is another bunch of central planners in the EU, IMF, and ECB. Nevertheless, Greece sits stuck between two central planning negotiation parties because its people have been too busy demanding goodies instead of freedom."

seesomesense 11y ago

"There is a difference between saying that "the Greek people are corrupt" and saying "the Greek government and tax-collection system (or other systems) are corrupt"" Really ? That corrupt Greek government and tax-collection system, who is it staffed by ? The Inuit ?