Just think of it. Debt is manufactured by investors and they get paid first at the expense of the rest of the population. I say screw them. Let them put their money in a bank at 1% interest like I have to. Or a mattress, which might be the best bet --- as long as you don't have bed bugs. Or maybe bed bugs are a good bet to guard your money.previous blog post. There is really quite a difference for me in doing a blog vs an attempt at a cohesive limited word count piece for publication. I probably should pay more attention to blog posts but am too impatient. While limited in space, this certainly makes more sense than the original.
Coming Soon to a Nation Near You: “Greece” is the Word, or More Likely, "DEFAULT"
Under a rational ruling class, one that responds to the demands of the citizenry, the energy in the street can be channeled back into the mainstream. But once the system calcifies as a servant of the interests of the corporate elites, as has happened in the United States, formal political power thwarts justice rather than advances it. --- Chris Hedges
Paul Krugman had a piece on Greece as a victim.
So, about those Greek failings: Greece does indeed have a lot of corruption and a lot of tax evasion, and the Greek government has had a habit of living beyond its means. Beyond that, Greek labor productivity is low by European standards — about 25 percent below the European Union average. It’s worth noting, however, that labor productivity in, say, Mississippi is similarly low by American standards — and by about the same margin. On the other hand, many things you hear about Greece just aren’t true. The Greeks aren’t lazy — on the contrary, they work longer hours than almost anyone else in Europe, and much longer hours than the Germans in particular. Nor does Greece have a runaway welfare state, as conservatives like to claim; social expenditure as a percentage of G.D.P., the standard measure of the size of the welfare state, is substantially lower in Greece than in, say, Sweden or Germany, countries that have so far weathered the European crisis pretty well. So how did Greece get into so much trouble? Blame the euro.
Those who have the largest megaphones in our corporate state serve the very systems of power we are seeking to topple. They encourage us, whether on Fox or MSNBC, to debate inanities, trivia, gossip or the personal narratives of candidates. They seek to channel legitimate outrage and direct it into the black hole of corporate politics. They spin these silly, useless stories from the “left” or the “right” while ignoring the egregious assault by corporate power on the citizenry, an assault enabled by the Democrats and the Republicans. Don’t waste time watching or listening. They exist to confuse and demoralize you. The engine of all protest movements rests, finally, not in the hands of the protesters but the ruling class. If the ruling class responds rationally to the grievances and injustices that drive people into the streets, as it did during the New Deal, if it institutes jobs programs for the poor and the young, a prolongation of unemployment benefits (which hundreds of thousands of Americans have just lost), improved Medicare for all, infrastructure projects, a moratorium on foreclosures and bank repossessions, and a forgiveness of student debt, then a mass movement can be diluted… once the system calcifies as a servant of the interests of the corporate elites, as has happened in the United States, formal political power thwarts justice rather than advances it.