July 6th, 2015,
The Greeks understand the capitalist system and refuse to kowtow to it as I am afraid the rest of us do.
The Greek people have worked out that the capitalist system demands that people involved in producing actual, real, things within the system at one level or another should always be in debt. Creative, productive people should, the system insists, not be happy with what they've got but they should expand to make greater profits and to do this they should borrow more money. So debts are incurred and grow, as is the nature of the system, inexorably. Debt exists because the lenders gamble (yes, gamble, there is no science to this apart from the knowledge of human fear) that most people will repay their debts and much more for fear of humiliation. The relatively few people controlling this system make lots and lots of MONEY (rub hands together and cry "tee hee hee") by asking people to borrow more and more and pay more and more interest. People who default from these debts are whipped into line by making the interest payments greater. Most give into this threat.
What the Greeks realise, unlike sheep (who are OK but humankind is supposed to blest with the gift of reason and rationality), is that the capitalist system can't survive if, a) people say to the financiers. "We are not going to pay back our debts and their concomitant extortionate interest rates", and b) "We're not going to borrow any more money from you solely on your terms." This effectively puts an end to the capitalist system and don't be kidded by the capitalist system's propaganda that it can't be replaced by a different, equable society. It can. Watch this space.
The Greeks understand the capitalist system and refuse to kowtow to it as I am afraid the rest of us do.
The Greek people have worked out that the capitalist system demands that people involved in producing actual, real, things within the system at one level or another should always be in debt. Creative, productive people should, the system insists, not be happy with what they've got but they should expand to make greater profits and to do this they should borrow more money. So debts are incurred and grow, as is the nature of the system, inexorably. Debt exists because the lenders gamble (yes, gamble, there is no science to this apart from the knowledge of human fear) that most people will repay their debts and much more for fear of humiliation. The relatively few people controlling this system make lots and lots of MONEY (rub hands together and cry "tee hee hee") by asking people to borrow more and more and pay more and more interest. People who default from these debts are whipped into line by making the interest payments greater. Most give into this threat.
What the Greeks realise, unlike sheep (who are OK but humankind is supposed to blest with the gift of reason and rationality), is that the capitalist system can't survive if, a) people say to the financiers. "We are not going to pay back our debts and their concomitant extortionate interest rates", and b) "We're not going to borrow any more money from you solely on your terms." This effectively puts an end to the capitalist system and don't be kidded by the capitalist system's propaganda that it can't be replaced by a different, equable society. It can. Watch this space.
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