Tuesday, September 20, 2011

There is no European debt crisis. Get over it.



There is no European debt crisis. Get over it. As long as governments in Greece, Italy, Portugal, Spain and Ireland are willing to unhesitatingly sacrifice the lives of their own citizens to get a check from the IMF so that they can make that payment to the bankers, then there is no crisis. Face it.

If and when the people rise up and take down a government or two, then we have a financial crisis. Not before. Right now it's just a humanitarian crisis, and capitalism is not concerned with that.

5 comments:

Neil Wilson said...

We don't have capitalism. We have corporatism.

Mike Norman said...

Corporatism is a subset of capitalism.

Shaun Hingston said...

I sense sarcasm.....

Chewitup said...

Is the IMF writing checks or ECB? Either way, it's the austerity kick.

Shaun Hingston said...

'With Greece's government being pushed to make more significant cuts on spending, some warn that the current austerity measures that have been passed are already having a dramatic effect on society. Many ordinary people, like Despina Koutsoumba of the Civil Servant's Union, have taken large pay cuts and are finding it difficult to make ends meet. Aris Violanzis, a clinical psychologist who helps run a suicide hotline, told Al Jazeera that three of every four calls his office receives are from people who note economic concerns among their problems. Al Jazeera's Nadim Baba reports from Athens.'

http://www.youtube.com/watch?v=yoPKLaGk044

http://english.aljazeera.net/video/ >> News Clips >> Europe >> Ordinary Greeks fear effects of further cuts.