NP - And Greece created Europe: the cultural legacy of a nation in crisis

[Joseph Tracy]

 I picked up on this thread because I was enjoying the many  sharp thoughts.  I think we both see the conundrum here where if the Euro zone project trumps democratic process and imposes leadership on debtor countries, it is also democracy at stake. Should nations really be privately owned and managed for international corporate profit? And  behind the Euro vail it looks to many like the big banks who are pressuring the Euro-union taxpayers who have been frugal and realistic to insure the bad debt of banks and governments which have not..  As far as the US rich states and poor, I don't think that argument is comparable on several levels, and question the core premise. 

As far as the rest of the world being hurt, I just think the hurt of the world is a done deal: oceans fished out, growing contamination of water,  infrastructure and food supply dependence on fossil fuels, massive climate change, and large scale international financial fraud, growing wealth divide, 7 billion and exponentially growing . The opportunities for corporate profits are diminished and bloody. And what has been built with all that money is a giant machine for burning fossil fuel.   The dream of propping up the current system without deep structural changes is a delusion that is pointing toward a fork in the road. And as  a famous Yogi said, "When you see a fork in the road, take it."  




On Nov 17, 2011, at 9:44 AM, David Morris wrote:

>> On Wed, Nov 16, 2011 at 10:14 PM, Joseph Tracy <brook7 at sover.net> wrote:
>>> 
>>> The thing is there is no option of "fixing" this mess. A large transition is overdue and inevitable..Why be afraid of letting the big banks die? The sooner people face the future without dragon lairs in their dreams the better.
> 
> Well, it's the Euro that's at stake here more than some big banks.
> And if Europe's economy tail-dives, the rest of the world will also be
> hurt.  The problem in Yurp is political at its base:  Yurp wanted a
> common currenct,butisn't willing to act for a common good.  In the US
> rich states routine subsidize poor states through Federal taxes, and
> no one feels abused.