Where is Greece going?

PurpleOwl

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Jul 26, 2016
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As the Greek debt crisis continues and even Greece's place in the euro zone in turmoil. The major decisions of Greece are being decided on by just a few foreign lenders, and a handful of wealthy Greek citizens. Has Capitalism failed in Greece?
The impasse of Greek capitalism, the lessons of SYRIZA and perspectives for the socialist revolution.

As the end of the second decade of the 21st century is approaching, humanity is experiencing a tragic contradiction. On the one hand, the productive forces – industry, agriculture, technology, science, and so on – have reached unprecedented levels of development, capable of guaranteeing a decent standard of living for every human being on the planet in a way that is sustainable for the environment. On the other hand, however, capitalist relations of production and of ownership are an enormous fetter on the realisation of such potential. This is leading to deteriorating living conditions, exploitation, oppression and inequality; trends that are being experienced everywhere, albeit with differences in scale and speed from country to country.

It is the world situation as it currently is – rather than ‘ideas’, ‘visions’, or abstract theories – that provides the indisputable evidence as to the necessity of a global socialist revolution.

The crisis that broke out in 2008 placed the world in a new historical period. It began to reveal the true, barbarous, face of capitalism that was hitherto shielded from view. This was the case in both the so-called developed and developing world for more than five decades due to particular historical circumstances and phenomena that have been explained in key political publications and documents of the IMT. Since the outbreak of the crisis we could liken global capitalism to terrain upon which new fractures are increasingly appearing due to regular and repeated tremors.

The fracture that is Greece is just one of the areas that regularly trembles thus unsettling the ground upon which the global economy rests. In and of themselves, the tremors caused by the Greek fracture are incapable of causing fatal damage. However, their interaction with the fractures – whether large or small – of other countries is capable of causing great damage to the global economy. The international strategists of capital are concerned at such a prospect and this is the reason that they are imposing successive ‘rescue’ programmes on Greece.

Where is Greece going? - part one
 
As the Greek debt crisis continues and even Greece's place in the euro zone in turmoil. The major decisions of Greece are being decided on by just a few foreign lenders, and a handful of wealthy Greek citizens. Has Capitalism failed in Greece?
The impasse of Greek capitalism, the lessons of SYRIZA and perspectives for the socialist revolution.

As the end of the second decade of the 21st century is approaching, humanity is experiencing a tragic contradiction. On the one hand, the productive forces – industry, agriculture, technology, science, and so on – have reached unprecedented levels of development, capable of guaranteeing a decent standard of living for every human being on the planet in a way that is sustainable for the environment. On the other hand, however, capitalist relations of production and of ownership are an enormous fetter on the realisation of such potential. This is leading to deteriorating living conditions, exploitation, oppression and inequality; trends that are being experienced everywhere, albeit with differences in scale and speed from country to country.

It is the world situation as it currently is – rather than ‘ideas’, ‘visions’, or abstract theories – that provides the indisputable evidence as to the necessity of a global socialist revolution.

The crisis that broke out in 2008 placed the world in a new historical period. It began to reveal the true, barbarous, face of capitalism that was hitherto shielded from view. This was the case in both the so-called developed and developing world for more than five decades due to particular historical circumstances and phenomena that have been explained in key political publications and documents of the IMT. Since the outbreak of the crisis we could liken global capitalism to terrain upon which new fractures are increasingly appearing due to regular and repeated tremors.

The fracture that is Greece is just one of the areas that regularly trembles thus unsettling the ground upon which the global economy rests. In and of themselves, the tremors caused by the Greek fracture are incapable of causing fatal damage. However, their interaction with the fractures – whether large or small – of other countries is capable of causing great damage to the global economy. The international strategists of capital are concerned at such a prospect and this is the reason that they are imposing successive ‘rescue’ programmes on Greece.

Where is Greece going? - part one
The crisis in Greece arose from the fatal combination of capitalism, socialism, democracy and a borrowed creditworthiness.
Sounds complicated but it is quite simple. The government promised more and more benefits and jobs. A "bubble" of "fake jobs", that were not needed came into being (for example in Greece´s public power supplier and the railroad company) and when the crisis began they were the first to be killed off. The borrowed creditworthiness came with the Euro and allowed Greece to lend more money. The Greek crisis is entirely homegrown.
 
Capitalism didnt fail, money still trades hands. What failed is a representative democracy, the same way it is failing in the US. Debt kills nations which is why monarchy's can be quite stable.
 

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