tag:blogger.com,1999:blog-2761684730989137546.post5831223380448652803..comments2024-03-29T07:30:30.121-04:00Comments on Mike Norman Economics: Michael Stephens — The “Success” of the Greek Bailoutsmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-34150889593629777442013-07-25T17:50:58.070-04:002013-07-25T17:50:58.070-04:00Ralph, I sympathize with your point of view but I ...Ralph, I sympathize with your point of view but I think that it is more complex than that. we have had many discussion over ignorance versus complicity, and I am convinced that both are work, sometime among different parties but often within the same mind, too. <br /><br />I don't see it as accidental that neoliberalism just happens to be the dominant social-economic political theory and favors capital over labor. That is too convenient for vested interest to be so.<br /><br /><br />Moreover, at this point the evidence is in. Why the determination to pursue an obviously failed policy, especially when it is opposed by a majority of an electorate who then are prevented from protesting publicly. Free expression in a democracy is a public danger?<br /><br />I don't think that hysteresis, path dependence, or ignorance cut it as plausible explanation.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-12866385718846278772013-07-25T14:07:11.163-04:002013-07-25T14:07:11.163-04:00Tom, That’s all too conspiracy theory for me. I’ve...Tom, That’s all too conspiracy theory for me. I’ve no doubt there are plenty of people with a neo-liberal outlook who are delighted at being able to snap up Greek public assets at rock bottom prices. But the idea that the Euro was dreamed up by any one person, Robert Mundell or whoever, is far fetched. The Euro came about, and could only have come about as a result of a very wide consensus amongst hundreds of leading European politicians.<br /><br />And those politicians, far from being neo-liberals have left wing views compared to US politicians.<br /><br />I view the EZ disaster as a straightforward mistake rather than a deliberate attempt by anyone to sabotage anything.<br />Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.com