Today I would like to share with you another lovely animated talk on what is going on here. It is a talk by David Harvey illustrated by RSA Animated. Greece goes bang as the original problem is pushed around geographically instead of being solved, because that is how capitalism works.
There are two rather delightful parts in this animation. The first to do with the Queen of England’s simple question to the greatest and best economists at the LSE. Why did none of you foresee what was coming? (The 2008 crash). Which, as I commented at the time was akin to the story of the little boy crying out, “But the King has no clothes!” Only in a delicious twist of irony it was the Queen who cried out that all these erudite economists with their theories (theories put into practice on undeserving citizens like Argentines and Chileans before us and now the Greeks, with a vengeance) and forecasts (which they never get right, see Greek tragedy again) were really quite naked!
The second point I would like to stress particularly for those of us here in Greece is the one about politicians’ promises. Apparently we shall be allowed to hold elections within a couple of months because it looks as if the two parties directly responsible for the destruction of Greece will be able to patch up another coalition government, perhaps under another Quisling or the same one we have now. So, when (and if) the time comes for us to confront the ballot box we must remember that all the politicians’ promises are nothing but “Crap”!
Of course we may not be allowed to hold elections at all, ultimately, if all goes wrong with the ‘voluntary’ haircut and the new loan agreement. It has by now become common knowledge that neither is the Greek debt sustainable, whatever kind of a trim may be effected, nor are the terms of these new colonial impositions on Greece designed at all realistically and hence nothing is going to “work”!
So, just carry on screwing the people to save the banks. In the end Greece will go bang and as likely as not pull down the rest of the Temple with us.