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Ken Burch

(50,254 posts)
Sun Jan 25, 2015, 08:34 PM Jan 2015

Lessons Democrats SHOULD take from the Greek election

1)We have to get over the deficit fixation. Obsessing on "deficit reduction" means agreeing not to do much of anything, and to leave our base(and our potentially much larger base among current non-voters) out in the cold. Better a fiscal deficit than a deficit in humanity.

2)We need to totally break with wealth politics. Yes, there are a handful of wealthy "lifestyle liberals" who are willing to give us big donations, but the price of those donations is to promise to focus solely on a handful of non-threatening, non-controversial bourgeois rights issues and ignore the needs of long-term jobless, the new jobless who are victims of the last three-and-a-half-decades of mass layoffs, and the desperate working poor who lie awake at night hoping not to join the new jobless in the world of perpetual unemployment or underemployment.

3)We need a REAL program to rebuild this country from below, working with the poor, with labor, and with committed activists to build a real alternative to austerity politics. We can't win anymore by being "austerity with a humanoid mask", by competing with the Right to be more brutal and dismissive towards those with nothing, and by trying to be almost as subservient and obedient to the wealthy as the Right is. Doesn't mean we have to build outright socialism(whatever that means these days)but it does mean we need to build a system with real social space in which alternatives to the existing model can be tested and grown.

I have no confidence that our party's leaders will learn any of these lessons unless forced to from below. I'm willing to help do the work to do that. Who else is in?

Add any other lessons you take from the Greek election results below.

66 replies = new reply since forum marked as read
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Lessons Democrats SHOULD take from the Greek election (Original Post) Ken Burch Jan 2015 OP
you ignore the situation in greece as compared to the States JI7 Jan 2015 #1
Could you elaborate on your post, please. JDPriestly Jan 2015 #11
Ever notice the people who push Wellstone ruled Jan 2015 #2
Stopping trying to compete with the GOP for who can be more right wing would be a good start dissentient Jan 2015 #3
Let's see customerserviceguy Jan 2015 #4
Great OP. I am in. But we must gain a strategy for wresting control of the Party rhett o rick Jan 2015 #5
Another start would be electing politicians that are from the common people or who have proven themselves AZ Progressive Jan 2015 #6
"non-threatening, non-controversial bourgeois rights issues" YoungDemCA Jan 2015 #7
choice(which I support deeply) is necessary Ken Burch Jan 2015 #8
Wealthy corporate types are also LGBTQ: e.g. David Geffen ($6Billionaire), Tim Cook (Apple) ND-Dem Jan 2015 #29
There's that, too. Ken Burch Jan 2015 #31
and there are non wealthy types who would prefer to take away rights for LGBT than do something JI7 Jan 2015 #34
However, since they generally have insignificant money and power, it doesn't really matter what ND-Dem Jan 2015 #36
it does matter to LGBT who are not wealthy and things like marriage rights would make a huge JI7 Jan 2015 #38
marriage rights don't make a 'huge' difference in poor people's lives. That's why the poor ND-Dem Jan 2015 #42
it DOES make a difference in many non wealthy lives , things like visitation rights JI7 Jan 2015 #43
I guess poor straight people don't know how important it is then; they must be stupid ND-Dem Jan 2015 #45
anyone who thinks marriage rights don't make a difference to LGBT is stupid JI7 Jan 2015 #48
the poor marry less and stay married less than the rich or middle. regardless of what ND-Dem Jan 2015 #49
it's about equal rights, and it could help and LGBT couple to do better economically JI7 Jan 2015 #50
It doesn't help poor straight couples do better. If it did, they'd get married more often and stay ND-Dem Jan 2015 #51
LGBT rights are about more than just Marriage and not sure what any of that has to do with anything JI7 Jan 2015 #53
That's true as well. Ken Burch Jan 2015 #37
who is aligning LGBT with 1 Percent ? should we not support LGBT rights because there are some JI7 Jan 2015 #40
No, but we need to make sure the LGBTQ cause isn't co-opted by the wealthy Ken Burch Jan 2015 #44
what does that even mean ? you don't think 1 percent should support LGBT rights ? JI7 Jan 2015 #46
You're putting words in my mouth. Ken Burch Jan 2015 #52
so should we oppose the Pope's talks on income inequality because he is anti gay and anti women ? JI7 Jan 2015 #54
No...support the talks and dissent on the sexism and homophobia. Ken Burch Jan 2015 #57
yet when it comes to LGBT rights you think there should be limits to who can support it JI7 Jan 2015 #58
No, but limits to what should be demanded by some in exchange for that support Ken Burch Jan 2015 #59
so why do you think it's ok to support the Pope on economic issues when he is anti gay and anti JI7 Jan 2015 #60
Well, the Pope doesn't actually have political power in this country. Ken Burch Jan 2015 #61
the Pope DOES have influence around the world on people who do vote JI7 Jan 2015 #62
Syriza proves that people are waiting for a truly progressive candidate newthinking Jan 2015 #9
Don't let Wall Street and the big bankers set you up with debt you can't pay back and then tell JDPriestly Jan 2015 #10
A thought MFrohike Jan 2015 #12
I think there's a darned good chance Syriza is going to pull Greece out of the KingCharlemagne Jan 2015 #14
It's possible MFrohike Jan 2015 #16
The Germans and French have long sneered at southern Europe (the PIIGS economies, Ireland KingCharlemagne Jan 2015 #17
Amen MFrohike Jan 2015 #18
I have a couple soft spots in my heart for Greece, crediting her in the classical age with helping KingCharlemagne Jan 2015 #19
That's cool MFrohike Jan 2015 #23
The German conservatives in Weimar thought they could co-opt Hitler by bringing him KingCharlemagne Jan 2015 #25
Yep MFrohike Jan 2015 #27
Leaving the Euro wasn't in Syriza platform and polls indicate the majority of Greeks don't want PoliticAverse Jan 2015 #63
i never thought of the euro as a quasi gold standard rdking647 Jan 2015 #35
Let me see, what I learned sadoldgirl Jan 2015 #13
Here's what Greece did with the money she borrowed. She did not put KingCharlemagne Jan 2015 #15
No disagreement here, but sadoldgirl Jan 2015 #21
One might pose of Brussels the same question Stalin posed of the Pope KingCharlemagne Jan 2015 #22
Sorry, but I disagree somewhat sadoldgirl Jan 2015 #24
Ah, yeah, I take your point. I was thinking the Euro might remain as a northern KingCharlemagne Jan 2015 #26
Thanks, I think this is sadoldgirl Jan 2015 #28
That's speculation muriel_volestrangler Jan 2015 #66
Why worry about the "deficits"? kentuck Jan 2015 #20
The question is, how do we force them from below? Zorra Jan 2015 #30
massive organization on a scale previously unknown. Ken Burch Jan 2015 #32
Occupy couldn't pull enough people away from their TV's in order Zorra Jan 2015 #41
Ridiculous post. eom MohRokTah Jan 2015 #33
Silly response. eom. Ken Burch Jan 2015 #39
The U.S. isn't Greece, again, ridiculous post. rom MohRokTah Jan 2015 #47
Not at the moment, but the wealthy want to push us into that situation Ken Burch Jan 2015 #55
. MohRokTah Jan 2015 #56
Just give us all your #%^*ing money, $&&hole MannyGoldstein Jan 2015 #64
K&R for the three points in Ken's OP. Scuba Jan 2015 #65

JDPriestly

(57,936 posts)
11. Could you elaborate on your post, please.
Sun Jan 25, 2015, 11:40 PM
Jan 2015

I think you have something to contribute to the conversation, but you don't say enough for us to know what you are trying to say. Please explain your post.

 

Wellstone ruled

(34,661 posts)
2. Ever notice the people who push
Sun Jan 25, 2015, 08:51 PM
Jan 2015

deficit spending are the same ones who clip the coupons on Treasury Bonds. High Interest Rates are their best friends.

customerserviceguy

(25,183 posts)
4. Let's see
Sun Jan 25, 2015, 09:03 PM
Jan 2015

what the Greeks learn from the Greek election. My guess, it ain't gonna be pretty.

In any case, there's not a damn thing that can be done until January, 2017, at the earliest. We have plenty of time to see what a Grexit brings, if that's what comes about.

 

rhett o rick

(55,981 posts)
5. Great OP. I am in. But we must gain a strategy for wresting control of the Party
Sun Jan 25, 2015, 09:29 PM
Jan 2015

from the Corporatist/Conservatives that control the party at the Wash DC level.

AZ Progressive

(3,411 posts)
6. Another start would be electing politicians that are from the common people or who have proven themselves
Sun Jan 25, 2015, 10:55 PM
Jan 2015

as fighters of the 99%. Teddy Roosevelt was rich but also was a corruption fighter before becoming president and FDR went through a battle with Polio that gave him empathy to people in suffering.

 

Ken Burch

(50,254 posts)
8. choice(which I support deeply) is necessary
Sun Jan 25, 2015, 11:23 PM
Jan 2015

It is also, if fought for in isolation, an issue that can't ever lead to a real challenge to the powerful-which is why it was the only issue Bill Clinton was slightly non-conservative about(refusing to support women on pretty much any other issue and attacking poor women by endorsing the Right's hatesprache about "welfare mothers". Defending choice isn't, by itself, ever going to bring down an oppressors or defeat any of the forces of reaction. It can't, by itself, liberate anyone or fundamentally change life. That's what I was saying there.

And, while fighting for LGBTQ rights is crucial, there is the risk of that becoming an issue the 1% use to hive LGBTQ people off from the broader struggle for social and economic change. Wealthy corporate types are, in at least some cases, trying to split LGBTQ people off from the broad coalition of those on the outside and turn them into a "pet minority". Getting corporate donors out of Democratic politics and making sure that the LGBTQ movement identifies with the 99% rather than the 1% are crucial to preventing that from happening.


 

ND-Dem

(4,571 posts)
29. Wealthy corporate types are also LGBTQ: e.g. David Geffen ($6Billionaire), Tim Cook (Apple)
Mon Jan 26, 2015, 01:01 AM
Jan 2015

John Browne (BP), Christopher Bailey, Burberry; lots of rich people are.

I'd say they're as interesting in gaining full political rights as they are in turning LGBTQ into a 'pet minority'.

What they're *not* interested in, though, is reducing financial inequality. They want more of that. They'd just prefer to be able to share the wealth with their gay partners. LGBTQ rights are more salient the more money you have, like marriage.

 

Ken Burch

(50,254 posts)
31. There's that, too.
Mon Jan 26, 2015, 01:21 AM
Jan 2015

(lots of non-rich people are as well, but its harder for them to "come out", though most people in most parts of the U.S. are coming around on that).

There is also a real danger that wealthy, powerful gays can be used by straight capital as the Christian arustocracy used Jewish people throughout European history-as the false face of wealth and power, towards whom the anger of the powerless can be deflected, which protected the Christian aristocrats and royals then and can protect the heterosexual wealthy now from the reckoning that should be theirs and theirs alone.

JI7

(89,251 posts)
34. and there are non wealthy types who would prefer to take away rights for LGBT than do something
Mon Jan 26, 2015, 01:34 AM
Jan 2015

about improving financial conditions for all.

 

ND-Dem

(4,571 posts)
36. However, since they generally have insignificant money and power, it doesn't really matter what
Mon Jan 26, 2015, 01:47 AM
Jan 2015

they prefer. The most they can do is make trouble for other individuals, as individuals; unlike the rich and powerful, who can make trouble for entire populations and the entire world -- and do, on a regular basis.

JI7

(89,251 posts)
38. it does matter to LGBT who are not wealthy and things like marriage rights would make a huge
Mon Jan 26, 2015, 01:49 AM
Jan 2015

difference in their lives .

 

ND-Dem

(4,571 posts)
42. marriage rights don't make a 'huge' difference in poor people's lives. That's why the poor
Mon Jan 26, 2015, 01:54 AM
Jan 2015

marry less. Marriage is for the propertied.

JI7

(89,251 posts)
48. anyone who thinks marriage rights don't make a difference to LGBT is stupid
Mon Jan 26, 2015, 02:01 AM
Jan 2015

in fact it's even more important for the non wealthy as things like benefits for spouses, hospital visitation etc are not things they can get around as more wealthy types might be able to.

 

ND-Dem

(4,571 posts)
49. the poor marry less and stay married less than the rich or middle. regardless of what
Mon Jan 26, 2015, 02:05 AM
Jan 2015

you believe about its importance.

JI7

(89,251 posts)
50. it's about equal rights, and it could help and LGBT couple to do better economically
Mon Jan 26, 2015, 02:09 AM
Jan 2015

through things like benefit for spouse.

 

ND-Dem

(4,571 posts)
51. It doesn't help poor straight couples do better. If it did, they'd get married more often and stay
Mon Jan 26, 2015, 02:13 AM
Jan 2015

married longer. To the degree middle class and rich people do.

JI7

(89,251 posts)
53. LGBT rights are about more than just Marriage and not sure what any of that has to do with anything
Mon Jan 26, 2015, 02:16 AM
Jan 2015

it's like you are dismissing LGBT rights because there are some LGBT who are in the 1 percent.

 

Ken Burch

(50,254 posts)
37. That's true as well.
Mon Jan 26, 2015, 01:48 AM
Jan 2015

But those are people we really can't do much about, and aligning the cause of LGBTQ rights with the economic agenda of the 1% is not the way to fight people like that.

JI7

(89,251 posts)
40. who is aligning LGBT with 1 Percent ? should we not support LGBT rights because there are some
Mon Jan 26, 2015, 01:51 AM
Jan 2015

in the top 1 percent who are LGBT or support LGBT rights ?

 

Ken Burch

(50,254 posts)
44. No, but we need to make sure the LGBTQ cause isn't co-opted by the wealthy
Mon Jan 26, 2015, 01:58 AM
Jan 2015

on a opportunistic and "divide and conquer" agenda.

It needs to keep the characteristics of an outsider movement aligned with other outsiders in a program of broad change.

JI7

(89,251 posts)
46. what does that even mean ? you don't think 1 percent should support LGBT rights ?
Mon Jan 26, 2015, 01:59 AM
Jan 2015

that there is something wrong with support LGBT rights because there are some in the 1 percent who are LGBT or support LGBT rights ?

 

Ken Burch

(50,254 posts)
52. You're putting words in my mouth.
Mon Jan 26, 2015, 02:16 AM
Jan 2015

What I'm saying is we need to avoid getting back into a Nineties situation where liberalism(and really, not even all that much liberalism) on choice and LGBTQ issues was used as justification for accepting conservatism from the party leadership on everything else.

The LGBTQ cause needs to always be in the same part of the spectrum with labor, the poor, opposition to corporate trade deals and things like opposition to neighborhood gentrification(or, at least, taking a new approach to gentrification that doesn't mean that the people in the neighborhood before gentrification happened don't get driven out by higher rents and condemnation of their homes through eminent domain.

LGBTQ rights are a just cause, but it needs to be a cause that keeps its distance from the wealthy and powerful.

JI7

(89,251 posts)
54. so should we oppose the Pope's talks on income inequality because he is anti gay and anti women ?
Mon Jan 26, 2015, 02:18 AM
Jan 2015
 

Ken Burch

(50,254 posts)
57. No...support the talks and dissent on the sexism and homophobia.
Mon Jan 26, 2015, 02:25 AM
Jan 2015

The answer isn't to ally with unionbusting wage-cutting business types against the Pope just because those business types are nominally pro-woman and publically gay friendly, though.

Somehow, we've got to get the fighters for income inequality and the fighters for choice and LGBTQ rights in the same tent.

 

Ken Burch

(50,254 posts)
59. No, but limits to what should be demanded by some in exchange for that support
Mon Jan 26, 2015, 02:32 AM
Jan 2015

And wariness of what and who LGBTQ people should be seen as aligning themselves with.

If that cause comes to be seen as a "corporate cause", it just sets LGBTQ people up as backlash bait.

JI7

(89,251 posts)
60. so why do you think it's ok to support the Pope on economic issues when he is anti gay and anti
Mon Jan 26, 2015, 02:37 AM
Jan 2015

women ? why don't you worry that those will be seen as part of the same thing ?

 

Ken Burch

(50,254 posts)
61. Well, the Pope doesn't actually have political power in this country.
Mon Jan 26, 2015, 02:47 AM
Jan 2015

I'm not thrilled with what he says about women and gays...but it's not as if it would be better to have a Pope who said the right things on just those issues but supported U.S. corporate tax policy and bashed unions.

It's a tough one for me with the Pope, actually.

I'd say attack him where he's wrong, but don't ally with those who attack him on where he's decent.

JI7

(89,251 posts)
62. the Pope DOES have influence around the world on people who do vote
Mon Jan 26, 2015, 02:49 AM
Jan 2015

you are the one who is objecting to wealthy people support LGBT rights .

newthinking

(3,982 posts)
9. Syriza proves that people are waiting for a truly progressive candidate
Sun Jan 25, 2015, 11:35 PM
Jan 2015

and the idea that we need to stay to the center to win is false.

It is actually due to the party not expressing it's populist progressive plank that it is struggling.

JDPriestly

(57,936 posts)
10. Don't let Wall Street and the big bankers set you up with debt you can't pay back and then tell
Sun Jan 25, 2015, 11:37 PM
Jan 2015

you you have to live on nothing.

If Wall Street sets you up with big debt you can't pay back, default and let Wall Street worry about it.

And I think that is what Greece is about ready to do.

Americans may feel some of the consequences of Greece's rebellion against austerity.

So be it. Our bankers made a mess of this one as they do so often.

Part of the job of being a banker is to make wise loans. The banks that loaned to Greece did not do their job in that respect. And so the situation got worse and worse and now here we are.

MFrohike

(1,980 posts)
12. A thought
Sun Jan 25, 2015, 11:42 PM
Jan 2015

Maybe the biggest lesson you could take from what's happened to Greece over the last few years comes from their currencies. Greece is part of a quasi-gold standard system and does not issue the currency it uses. In that regard, it's sort of like an American state. It has to get euros from either taxation or debt sales because it doesn't have the legal authority to issue euros. To make it worse, they're part of a fiscal pact that's inherently deflationary. All in all, it's a system that's almost guaranteed to fail if anything bad should happen.

The US is in a completely different place. We issue our own currency, our debts are denominated in dollars, and we have a central bank fully authorized, though it oversteps it authority quite a bit lately, to take action to keep the economy going. The issue for the US government will never be running out of money because dollars, for the federal government, are an infinite resource. Our issue is whether we have the productive capacity to match the number of dollars in existence, i.e. the issue is managing inflation or the lack of it. So, in a real way, deficits don't matter in the conventional sense. They matter only in terms of supporting effective demand and managing inflation. I know that sounds radical because it's not something said in the usual political babble. It's really not because it's pretty well recognized among most people who study money. Alan Greenspan, love him or hate him (I'm not a fan), knows money pretty well. Check out the video below for his view on whether the US government can run out of money.

 

KingCharlemagne

(7,908 posts)
14. I think there's a darned good chance Syriza is going to pull Greece out of the
Mon Jan 26, 2015, 12:00 AM
Jan 2015

Euro (and give a big F-U to Germany, and, to a lesser extent, France along the way).

MFrohike

(1,980 posts)
16. It's possible
Mon Jan 26, 2015, 12:06 AM
Jan 2015

I'm not sure it's the best plan because they are a part of Europe. They do business there, they go on vacation (well, they did), and the ties are quite strong. Don't get me wrong, I'd suggest they leave the Euro before being forced to continue down the same path of failure. My hope is that the Syriza win inspires like-minded parties in other countries, like Podemos in Spain, and that they can also win. Well, that and they can make Berlin and Brussels see the writing on the wall: their plans have no democratic legitimacy and they have failed to do right by the public, though I doubt that was ever the intent of their policies. I don't know if it will work, but I do hope it.

 

KingCharlemagne

(7,908 posts)
17. The Germans and French have long sneered at southern Europe (the PIIGS economies, Ireland
Mon Jan 26, 2015, 12:10 AM
Jan 2015

excepted), not realizing that they existed in symbiotic relationship. That is, Greek consumers purchased German and French industrial output (and kept German and French workers employed and their bourgeoisie affluent). Ironically, the rejection of austerity by Syriza and the Greek electorate may mean some real austerity for France and Germany.

 

KingCharlemagne

(7,908 posts)
19. I have a couple soft spots in my heart for Greece, crediting her in the classical age with helping
Mon Jan 26, 2015, 12:18 AM
Jan 2015

sow the seeds for the Renaissance and the Age of Reason, but also for Greek partisans (most of them Communist or Socialist) who forced Hitler to divert forces to backstop Mussolini, thereby keeping the Wehrmacht from triumphing over the USSR in World War II. The West owes Greece a huge debt, imo, and if German (and French) creditors get stiff-armed by a Greek 'default' and exit from the Euro, I won't be shedding many tears.

MFrohike

(1,980 posts)
23. That's cool
Mon Jan 26, 2015, 12:28 AM
Jan 2015

For me, I just want sanity to prevail in Europe. I've been watching the news for the last few years and the rise of explicitly fascist parties, like Golden Dawn or Jobbik, has worried me. I've always found the 30s to be one of the most fascinating times in history, but I have no desire to live through it. It's pretty clear that current path is doing nothing but making the far right viable, so it's time Merkel and co. woke up and realized exactly what they're doing. I'm sure they think they have it under control, but I have no doubt the various leaders of the 30s thought the same.

 

KingCharlemagne

(7,908 posts)
25. The German conservatives in Weimar thought they could co-opt Hitler by bringing him
Mon Jan 26, 2015, 12:34 AM
Jan 2015

and the Nazis into the government. That little scheisskopf van Papen thought he was being so clever. I was heartened to see that Golden Dawn made no statistically significant gains in this election which shows that the Greeks retain some immunity to the cheap, easy lures of fascism. (Likewise, the last round of elections in Ukraine saw the fascistic Svoboda and Right Sector factions make no significant gains.)

I don't know much about Jobbik. I'm far more concerned about the National Front's Marine Le Pen and the next round of elections in France. She puts a benign smiling face on the fascism of her father.

MFrohike

(1,980 posts)
27. Yep
Mon Jan 26, 2015, 12:51 AM
Jan 2015

That's exactly what I think of her. She's nothing but "fascism with a human face."

Jobbik is an opposition party in Hungary. I don't think they really have any hope of taking power, but they're kind of like a less aggressive version of Golden Dawn. They seem to talk more than they do anything, but Hungary hasn't had a breakdown like Greece.

I really don't like Golden Dawn. I didn't like when they opened an office in the US, I don't like their blatant racism, and I really don't like the inroads they've made into the security forces in Greece. I really hope Tsipras and co. are able to do something that's useful because those murderous bastards are waiting in the wings if everything goes south.

I don't have much hope for Ukraine because it appears to be circling the drain. I'm no Ukraine expert, nor am I super-informed on the current situation. I pay some attention to it, but everything looks bad. Even leaving aside the fight in the east, it looks terrible. The country was in bad shape prior to the last years' events and it looks like it's being incompetently managed. Like I said, I'm no expert, but my hope for Ukraine is much weaker than my hope for Greece.

PoliticAverse

(26,366 posts)
63. Leaving the Euro wasn't in Syriza platform and polls indicate the majority of Greeks don't want
Mon Jan 26, 2015, 03:06 AM
Jan 2015

to leave the Euro.

 

rdking647

(5,113 posts)
35. i never thought of the euro as a quasi gold standard
Mon Jan 26, 2015, 01:34 AM
Jan 2015

but know i can see it. the euro is stupid. a country that cant control its own monetary policy is a disaster waiting to happen. its happening to greece now. its a prime example of why the gold standard is idiotic.

sadoldgirl

(3,431 posts)
13. Let me see, what I learned
Sun Jan 25, 2015, 11:50 PM
Jan 2015

A) Greece has a left party, which we don't.
B) Greece does not have Faux, or 95% of RW radio stations.
C) Greece is not absolutely paranoid about the word "socialism".
D)Greece is totally bankrupt and lied about it to Brussels.
And lastly: I am not sure that the country is allowed to leave
the Euro zone without paying its debts. So it cannot allow
its currency to float until then.

If it leaves that zone, other countries will follow, and the
resulting recession will not only bring down Europe but
the US as well.

Result: Be careful what you wish for, imo.

 

KingCharlemagne

(7,908 posts)
15. Here's what Greece did with the money she borrowed. She did not put
Mon Jan 26, 2015, 12:04 AM
Jan 2015

it up her collective nose in cocaine nor use it to finance the invasion and occupation of countries that had not attacked her. No, Greece used the monies loaned her to purchase the output of German and French industry. So, if Greece defaults on her obligations, German and French industry (and the German and French bourgeoisie who have so frequently sneered at Southern Europe) will take a big hit. Tant pis pour eux.

sadoldgirl

(3,431 posts)
21. No disagreement here, but
Mon Jan 26, 2015, 12:21 AM
Jan 2015

the points still remain:
Will Brussels allow its leaving the zone without payments?

If Greece leaves, will the whole Euro concept collapse ?

If it collapses, how far do the results "travel"?

 

KingCharlemagne

(7,908 posts)
22. One might pose of Brussels the same question Stalin posed of the Pope
Mon Jan 26, 2015, 12:27 AM
Jan 2015

during World War II (when asked whether the Pope should be invited to Yalta):

"How many divisions does Brussels command?"

If Greece leaves, I'm not sure the whole Euro concept collapses, but a lot of German and French creditors are going to take a big bath.

The irony is that a Greek rejection of balance-sheet 'austerity' may mean real austerity for significant slices of the German and French working classes. But really, why should Greece suffer alone when she exists in symbiotic relationship with those industrial powerhouses?

sadoldgirl

(3,431 posts)
24. Sorry, but I disagree somewhat
Mon Jan 26, 2015, 12:31 AM
Jan 2015

If Greece defaults, then so will Spain, Italy, etc.
This would indicate to me the end of the Euro.

Greece would be only the beginning.

 

KingCharlemagne

(7,908 posts)
26. Ah, yeah, I take your point. I was thinking the Euro might remain as a northern
Mon Jan 26, 2015, 12:37 AM
Jan 2015

European currency (for the industrial economies of the North). But its scope and influence would definitely be sharply curtailed should Spain, Italy and Portugal follow Greece.

sadoldgirl

(3,431 posts)
28. Thanks, I think this is
Mon Jan 26, 2015, 12:55 AM
Jan 2015

added to by the Swiss floating the Frank with the
Euro, which makes this more of a difficulty.

By the way France (the instigator of the Euro under Mitterand)
is also going down and relies heavily on Germany.

Well, we shall see. I heard that the Euro is/was the second
most reliable currency after the Dollar, which -if true- will
come to hurt the US as well.

All that, because Goldman-Sax helped the Greeks to
cheat their way into the Euro to their own detriment.

muriel_volestrangler

(101,321 posts)
66. That's speculation
Mon Jan 26, 2015, 08:38 AM
Jan 2015

The Greek, Spanish, Italian and other situations are sufficiently different that there's no inevitable default by others.

Paul Krugman had this on his blog last week - European long-term interest rates:

http://krugman.blogs.nytimes.com/2015/01/19/the-european-scene/?_r=0

You can see there that Greece was an outlier. As Krugman points out, Spain was paying a lower rate than the UK, although still over 1% more than Germany. And it also shows that Portugal, Spain and Italy are all paying a lower rate than a year ago.

kentuck

(111,102 posts)
20. Why worry about the "deficits"?
Mon Jan 26, 2015, 12:20 AM
Jan 2015

Who do we owe this debt to? The Big Banks and the Federal Reserve? Well, they owe us. Perhaps it is time to try "demand-side" economy?

 

Ken Burch

(50,254 posts)
32. massive organization on a scale previously unknown.
Mon Jan 26, 2015, 01:25 AM
Jan 2015

And the continual development of new resistance and mobilization tactics, which will need to arise from the real conditions and experience of people working for change on a day-to-day basis.

I don't personally claim to know what all will be needed-hundreds of thousands of minds will have to generate them and find the ways to communicate them.

Zorra

(27,670 posts)
41. Occupy couldn't pull enough people away from their TV's in order
Mon Jan 26, 2015, 01:52 AM
Jan 2015

to close the deal, and without a critical mass of people, the cops were able to beat us down.

Those are two things to learn from. Find a way to attract the critical mass, and figure a way to implement an effective direct action that the cops can't shut down.

I'm a big fan of mass general strike and boycott. People can watch TV and collapse the system at the same time without ever getting off the couch, and the cops can't do anything about it. Again, the trick is getting enough people involved to make it effective.

Whatever, I'm in. Always.

 

Ken Burch

(50,254 posts)
55. Not at the moment, but the wealthy want to push us into that situation
Mon Jan 26, 2015, 02:21 AM
Jan 2015

and take away everything we have. And that includes everyone on Wall Street that supports your candidate.

To avoid helping the U.S. become Greece, the Democratic Party needs to fulfill its responsibility to be the voice and the home of all who've been left out in the cold by our country's economic priorities since January 20, 1981.

We need to stop being just the more moderate party of the status quo-of Reaganism with a humanoid mask.

 

MannyGoldstein

(34,589 posts)
64. Just give us all your #%^*ing money, $&&hole
Mon Jan 26, 2015, 03:13 AM
Jan 2015

And right of first refusal on your internal organs, you little #%^*ing €<}% =+*].

Regards,

The Third Way

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