craig1985 said:
I don't blame the Greek people (especially the public servants) for being rather upset at the measures placed on them (wage cuts, freezes on wage increases etc.), they didn't create the stupid system where a job as a public servant is a job for life that unless you do something really idiotic, with generous salaries and perks (I've read an article on the BBC where a cleaner in the Ministry of Finance earns as much as a manager in another section, I mean WTF?), I mean why wouldn't you want to work as a public servant? I don't think rioting will solve anything, but I can understand their frustration.
I see Papandreou is in between a rock and a hard place, he has to try and please the bigger EU nations but at the risk of upsetting the Greek population and could vote him out in a landslide, or try to please his follow Greeks but risks getting himself off side with Germany and France. Frankly AFAIC, Greece is up the creek without a paddle, they have no manufacturing to pull themselves out of this mess, or no where near to the extent of China and Japan (who are still pulling themselves out of the recession of the 80's), or any natural resources like oil or metals that Australia has, and why this country hasn't been affected so much by the GFC because we've been able to trade to China so much. I honestly don't know how Germany and France ever expect Greece to pay them back, when they don't have the means too.
I don't agree with your analysis. This is exactly what the market fundamentalists have been telling us for 30 years, which led to in most places tearing the guts out of the public job sector; rampant privatization and giving the bosses every right to fire that they hypocritically refer to as
job market flexibility; then close shop and move to where the labor market is more maliable and cheaper, thus depessing entire regions, while appallingly expoliting others; irresponsibility in the financial and loan sector; exorbitant incrementation of sovereign state debt that results (that then becomes the people's burden) in the name of a market ideology that says we must always make the economy grow, which is pure folly; the empowerment of the bosses and the enfeebling of workers unions; corruption between politics and finance through an incestuous relationship, etc.
While it is true that the Greek public sector basically held the government hostage to its demands and, therefore, needs reforms; the political leadership itself was thoroughly corrupt, dishonest and mendacious, as well as having been egged on and abetted by its wreckless US financial bank sustainers to borrow more and more, providing Greece access to cheap money, hence doing what the financial establishment habitually does: speculate on nations' future economic prosperity, which also means gambling with people's pensions, public services and so forth. While tax evasion in Greece among the rich and self-employed is positively epidemic.
I, therefore, don't buy the idea that such financeers were "in good faith," as the NY Times article claims they were, for the following reason: the major financial banks and financial institutions like the IMF want to load the onorous burden of debt upon the working class' shoulders, welfare cuts, the privatization of public services, the freedom to fire, etc.
This raises the larger and more citical issue of where is this market ideology taking civilization? It seems to me that we need a unequivocal and, of course, radical change of course. So in contrast to the market ideologues, the
indignatos desire to make the banks, CEO's of the multinational corporations, millionaire and billionaire nabobs of various types - in short those who have exploited a system that's rigged in their favor, but at the society's expense - who still accumulate large quantities of wealth by actuating the fallimentary neoliberalist policies of deregulation and the "finacialization" of the economy.
The problem is, consequently, that while the "nabobs," in the name of profit, also created jobs, like capitalism knew how to do throughout a large portion of its history, one was disposed to puting between parenthesis the social inequality that resulted. But when, however, as in this phase of capitalism, capital is reduced to pure finance and wealth seems to be catalyzed around itself, as a kind of depraved vortex: it becomes most difficult to negate the excluded their right to become indignant and protest.
We've passed from an ecomony of production to the folly of endless financial growth and speculation. We need to return to one where production is predicated upon meeting the real needs of society, not wasteful excess and in many ways uselessness production to satisfy the craven desires of consumers. In short we need to put an end to the ideological war that financial capitalism and the so called gurus of the economy have been waging against society.