Up-thread I had mentioned that the Greek problem was owing to three things: political corruption, the wealthy not paying their taxes and the economic "treatment" that was offered by the US with its Euro affiliates (which is what your article ultimately alludes to here). One and three are inextricably connected, whereas two has much more to do with neoliberal culture than most people perceive. Lastly, as with Spain, the money that the EU central bank lent Greece, was not invested in the public sector (which is the one seen at fault according to neoliberalism), but in the private markets, particularly the real estate one, which during the period of economic boom, drove the economy, but in this period of bust has encumbered the public tax payers with an insurmountable debt. That the lawyers and other high paid professionals, furthermore, are indignant over potentially being audited by the State, is exaclty what is going on presently in Italy, which also is afflicted with rampant tax evasion that, of course, is a scandalous theft to dependent and public sector workers who of course have all their taxes detracted right from their paychecks.
At any rate I also stated before that we need a system for which the international banking and financial establishments, propelled by US leadership and blindly followed by EU finance, don't offer states the only two options being presently contemplated by neoliberalism: development or
default. States either grow economically or they become carcasses upon which the "vultures" of financial speculation feed.
The tragic case of Greece, but also the others among the so-called PIGS, allows us to comprehend what I saw stated on an extreme right-wing (Forza Nova) political poster in Rome the other day directed to Monti's technocratic government and the EU (and ultimately, one would suppose, across the Atlantic). Monti's governemt was installed as a mandate by none other than that other technical band of bankers and parliamentarians known as the EU establishment: "FINANCIAL CAPITALISM WANTS YOU ENSLAVED: WE NEED A POLITICS THAT GOVERNS FINANCE TO PROTECT SOCIETY IN THE INTERESTS OF THE
REAL ECONOMY."
Now if, in these times, the far right has the capacity to succinctly render what someone from the left like yours truly shares in visualizing the mechanism of the great problem of our age, one which is making democracy obsolete in so far as the political class is governed by the "higher" authorities of finance and the banks, then we may be arriving at a critical historical moment.
Another thing to consider is the relationship the Greek government had established with the US going back to the period in which the latter was willing to support a repressive fascist general's coup, in the strategic context of the Cold War, to prevent the Greek communist party from democratically holding power. It is here when the Greek democracy lost its moral force and here when the corruption and irresponsibility began to set in that has now crippled Greece presently, which made it a quisling to the superpower, which, in turn, explains why it had so irresponsibly taken the "medicine" offered it by US (Goldman Sachs) and EU bankers that has enslaved the country to the vultures of financial capitalism today. Sure it would have become equally corrupt, if not worse, had the Soviets taken hold of the Greek state.
However, unfortunately today, there is simply no other way to comprehend the catastrophe; that is other than following the neoliberal ideology of a financial capitalism that has dictated the actual course of history.
The case of Greece brings us to the labor market revolution presently being attempted in Italy I was reading about in an article in yesterday's
la Repubblica by Italian political and economic analyst, Eugenio Sacalfari, regarding the much discussed and controversial constitutional changes the Monti government has proposed for article 18, which governs the conditions of job contracts, firing and other tutelary aspects of workers’ rights, to render it more "market friendly", which according to neoliberalism, means empowering the bosses and extinguishing workers' guarantees and protections: in short to conform Italy's labor market to the free-for-all that is the US model and thus eliminate all the social conquests the Europeans have fought for since industrialization. As unpleasant as this may be to the ears of some, what was just stated and the following is exactly how it is being discussed by the
vox populi, out on the streets, equally among the more activist elements of the Italian right and the left (but also elsewhere in Europe).
Now, before referencing that, it is useful to know that Monti made his career first at Wall Street (Goldman Sachs) then in the EU parliament as a minister of finance. He is thus what used to be called here as representing the bourgeois liberal, Catholic conservative establishment that propelled the Italian nation to its "miraculous" economic boom in the post-cold war. During the old days this class was incarnated in the Christian Democratic political party which held power throughout the entire Cold War period, during the so called First Republic, which, much as in Greece made Italy a quisling to US economic and strategic interests (with all the consequences this had for the
cementification of Italy's territory and the political terrorism of both left and right matrixes in the 70's and 80's - though only the left's, in so far as anti-capitalist, has ever gotten any real press - as well as the south becoming firmly placed in the hands of Mafioso organized crime and the meddling interference of the Vatican in Italian affairs). Not surprisingly when the Berlin Wall fell and the Soviet empire imploded, so too did Italy's First Republic (and the Christian Democrats) arrive at its ignominious end in a highly visible court case of political and economic corruption known as
Tangentopoli ("bribesville"), which paved the way for that uber-capitalist's and, at the same time, self-made man's
al l'America entrance to power: the business tycoon and media magnate Silvio Berlusconi (recently replaced, not voted in, by the financial guru Monti - brilliant! isn't it). All or this, quite naturally, was connected to the spirit of the times,
zeitgeist, when the triumph of a free-market and financial capitalism over Soviet communism brought from across the Atlantic as an ideological contagion, would end the social democracy of Europe as it was up till then known and pave the way for neoliberalism's unbridled victory on the Continent as well. The case of Greece reminds us, however, of the failure of this model, while the social upheavals that have recently flared-up in Europe are directly connected to elements of its society's resistance to and objection with this model.
At any rate the article quotes a recent negative opinion about Monti in the Wall Street Journal, whom it had previously elevated to a kind of Italian Redeemer-Savior status, over his willingness to make concessions to the worker's union leadership over article 18, which in the view of the American financial daily would represent a fatal blow to the neoliberal designs it had hoped Monti would fully install in Italy. In discussing this delicate aspect and the socio-cultural limits which the Monti government must democratically respect with regard to workers' dignity and rights, Scalfari states: "If the original modification had been implemented upon Monti's return from China (the design congenial to the WSJ, which would have transformed the Italian labor market into the kind of predatory, Far West model one finds in the US - me) we would have had a convulsive upheaval of the social peace with devastating consequences for the markets and the government....These are the rights (guarantees previously discussed, but which I don't include) which are non-negotiable. As regards the opinions in the newspapers that were also reflected in the views of the financial bankers expressed in the Wall Street Journal, they partake of an idea that Monti was going to be a clone of Thatcher; and since now they find out that in fact he isn't going to be, they all of a sudden discover that Monti is a communist. What value can such opinions have? Zero, even if they demonstrate that the financial bankers of America will nourish speculation against the euro..."
PS: For all those concerned, especially Scott SoCal (who I noticed Alpe d'Huez has quoted, presumably in a slightly mocking gesture towards yours truly), I have tried to keep the vocab within a decorous familiaratity and the content readilly accessible to those who care to read this post. And I promise to henceforth always do so, to not disturb this forum's sensitive membership and to not be personally accused of snobbery, of being stuck-up, conceitedness, aloofness, arrogance, of being condescending, egotistical, haughty, high-and-mighty, high-flown, high-hat, ostentatious, overbearing, patronizing, persnickety, pompous, pretentious, putting on airs, remote, sniffy, snippy, snooty, snotty, supercilious, superior, s****y, tony, uppish, uppity.
I hope, by this, all are made tranquil and happy now.