Greece Is An Example of the Failures of Socialism

[Dont Taz Me Bro]

The Greeks are about a find out a very hard lesson about Socialism. Eventually you run out of other people's money.

The Greek government has ordered a mandatory transfer of cash reserves from state-owned enterprises to its central bank, in a desperate bid to gather enough cash to remain solvent.

Citing "extremely urgent and unforeseen needs”, the government issued the emergency decree which will apply to all local government bodies immediately.

Greece orders raid on government coffers as cash dwindles - Telegraph

 

[OKTexas]

Yep, you can only put off the piper for so long before he comes to collect.

 

[AntiParty]

The Greeks are about a find out a very hard lesson about Socialism. Eventually you run out of other people's money.

The Greek government has ordered a mandatory transfer of cash reserves from state-owned enterprises to its central bank, in a desperate bid to gather enough cash to remain solvent.

Citing "extremely urgent and unforeseen needs”, the government issued the emergency decree which will apply to all local government bodies immediately.

Greece orders raid on government coffers as cash dwindles - Telegraph

Do you know what Socialism is?

When the people vote for pay.

The people still run Industry in Socialism..

(Note; there is crony-Socialism just like there is crony-Capitalism)

Communism is when Government owns Industry and runs it.

 

[Sun Devil 92]

Does anyone have numbers for Greece's operating budget and tax revenues over the past 10 to 20 years.

It would be great to see an analysis on those.

 

[AntiParty]

Yep, you can only put off the piper for so long before he comes to collect.

You mean Lockheed Martin or Rupert Merdoch?

 

[ScienceRocks]

The op is anti-civilization...Governments have been paving roads, funding science and educating their children for thousands of year. Your idea of private everything is the stupidest thing imaginable.

 

[theDoctorisIn]

There are many factors that together have put Greece in the situation it is in.

"Socialism" is not one of them.

 

[Meathead]

There are many factors that together have put Greece in the situation it is in.

"Socialism" is not one of them.

Bull! Only the truly dogmatic or those with no idea of the state of the Greek economy from 1980 till its collapse in 1908 would utter such nonsense. The bloated public sector and unions nurtured primarily by PASOK (21 of 28 years rule since) were the catalyst for the severe economic insolvency Greece faces today. The left regrouped in SYRIZA and has brought Greece once again to the brink of total collapse through the magical thinking of the electorate.

 

[Two Thumbs]

There are many factors that together have put Greece in the situation it is in.

"Socialism" is not one of them.

ahh yes, the "It's not the governments fault!" defense.

 

[Two Thumbs]

The Greeks are about a find out a very hard lesson about Socialism. Eventually you run out of other people's money.

The Greek government has ordered a mandatory transfer of cash reserves from state-owned enterprises to its central bank, in a desperate bid to gather enough cash to remain solvent.

Citing "extremely urgent and unforeseen needs”, the government issued the emergency decree which will apply to all local government bodies immediately.

Greece orders raid on government coffers as cash dwindles - Telegraph

when the world sees this and recalls the USSR, the hell of china, the hellhole of NK and all the shitty countries south of us, most normal people thinkg "fuck no, not in my country" but leftist will still tell you that we can pull it off, this time it will work, some how, magically.

 

[Two Thumbs]

wonder if the Germans will bail those idiots out or just let the country burn?

 

[Sun Devil 92]

Please provide some references if you have a different point of view.

I am very interested.

 

[CrusaderFrank]

The op is anti-civilization...Governments have been paving roads, funding science and educating their children for thousands of year. Your idea of private everything is the stupidest thing imaginable.

Roads = socialism.

Wow

How did you get so smart in one lifetime

 

[The Rabbi]

wonder if the Germans will bail those idiots out or just let the country burn?

The Germans have already bailed out those idiots several times. They have exhausted their patience. Teh Greeks agreed to austerity and then turned around and hired workers who had been laid off and gave raises to everybody.
Greece's economy is totally fucked, and yes by socialism. They have endeavored to protect every industry and erected barriers to entry so high no one would start a business. I am unaware of any other country that requires stool samples from its shareholders to begin operations.
To Start An Online Store In Greece You Have To Do Something Pretty Gross - Business Insider
The bureaurcracy is incredinly bloated. Someone can retire with full benefits at age 50. Just like unions here are pressing for, pension benefits are bleeding the government dry.
The EU needs to kick out those lying assholes and let them sink into chaos.

 

[there4eyeM]

No '-ism' is any greater than the people who operate it. From Christianism to Communism, corruption is the result of taking power.
Being afraid of a word is not very adult. We should be able to discuss anything without knee-jerk recourse to preconceived vitriol. Certainly, modern industrial countries are a mixture of '-isms'. 'Pure' capitalism, whatever that might be, doesn't exist, nor would it be 'best'. America functions with a blend of social and private efforts.
The test should be, 'What is best for humans.' Putting ideology before reason is error.

 

[FA_Q2]

There are many factors that together have put Greece in the situation it is in.

"Socialism" is not one of them.

Only if you only take 'socialism' to mean pure socialism and not what the posters here use the term as (the idea that the government needs to redistribute the wealth to those more 'deserving')

 

[Edgetho]

Communism is when Government owns Industry and runs it.

No it isn't. communism is what remains after the socialist 'government' is supposed to 'wither away'

Nowhere does marx call for government to own Industry. Nowhere.

This is a common misconception among the uneducated. He calls for the 'COLLECTIVE' ownership of the means of production. i.e. He calls for the workers to own the means of production -- NOT the government.

What passes for education in this Country is a joke

 

[Edgetho]

There are many factors that together have put Greece in the situation it is in.

"Socialism" is not one of them.

Only if you only take 'socialism' to mean pure socialism and not what the posters here use the term as (the idea that the government needs to redistribute the wealth to those more 'deserving')

Again, the word 'socialism' is being misused.

Let's call it 'redistributionism' because that might be more accurate.

The reason socialism is so difficult to describe is because there has never been a successful socialist economy.

Bird brained egghead revolutionary despots keep trying and failing and another despot and moron tries it again and fails and another idiot tries it and fails and another douchebag tries it and fails, etc ad nauseam.... All in a slightly different way

But they all have one thing in common -- Redistribution of wealth -- and failure.

Capitalism sucks but it is the only economic system in history that works in the support of a free society.

EVERY other system ever devised inevitably falls into totalitarianism..... Every time

 

[Stephanie]

Another take on things: just wow

SNIP:
Robbing Peter to pay Paul took another leap forward in Greece today as Tsipras to Seize Public-Sector Funds to Keep Greece Afloat.

Running out of options to keep his country afloat, Greek Prime Minister Alexis Tsipras ordered local governments to move their funds to the central bank.

"Central government entities are obliged to deposit their cash reserves and transfer their term deposit funds to their accounts at the Bank of Greece,” according to the decree issued Monday on a government website. The “regulation is submitted due to extremely urgent and unforeseen needs."

Credit-default swaps suggested about an 81 percent chance of Greece being unable to repay its debt in five years, compared with about 67 percent at the start of March, according to CMA data.

The move is a sign of the “dire liquidity situation for the Greek financial system as the government pools all liquidity available,” said Gianluca Ziglio, executive director of fixed-income research at Sunrise Brokers LLP in London. The “next step may be forcing all public-sector entities, including public-sector companies to do the same,” he said.

Greek officials, including Deputy Prime Minister Yannis Dragasakis, remained defiant over the weekend, saying the government won’t betray its electoral promises and worsen the pain that came from previous austerity measures.

Unforeseen?

ALL of it here:
Greece to Seize Local Government Cash Two Year Bond Yield Tops 28 - Mike Shedlock - Townhall Finance Conservative Columnists and Financial Commentary - Page 1

 

[Claudette]

Well when everyone works for the Govt or public sector there is no one left to tax except for business.

Business can only stay in business for so long when they are taxed to death.

It works till you run out of other peoples money.