Thursday, July 16, 2015

James K. Galbraith — Greece, Europe, and the United States

“A progressive Europe—the Europe of sustainable growth and social cohesion—would be one thing. The gridlocked, reactionary, petty, and vicious Europe that actually exists is another. It cannot and should not last for very long.”
Harsh.
The full brutality of the European position on Greece emerged last weekend, when Europe’s leaders rejected the Greek surrender document of June 9, and insisted instead on unconditional surrender plus reparations.…
What Europe’s “leaders” do care about is power.
Harper's Magazine
Greece, Europe, and the United States
James K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin

4 comments:

Anonymous said...

In crushing Czechoslovakia, the invasion also destroyed the Soviet Union’s reputation, shattering the illusions that many sympathetic observers still harbored. It thus set the stage for the final collapse of Communism, first among the parties of Western Europe and then in the USSR itself.

Great analogy! Let's see if it plays out that way.

mike norman said...

Yeah, but it took 22 years!

Should not last? Yes.

Cannot last? Says who? Galbraith?

Tom Hickey said...

Anything is possible in a dystopian world in which dissent is suppressed. Can't happen in Europe, the US, and UK. We'll see.

NeilW said...

"Exit from the Euro was not an option"

As they say on Mythbusters: 'There's your problem'.

If it isn't an option, then you need to do the work of understanding how the system works to make it an option.

And the first goal is to stop believing in wardrobe monsters.