A repository for Marcospinelli's comments and essays published at other websites.

Greek Protests Continue As Lawmakers Pass Severe Austerity Measures

Sunday, February 12, 2012


9) The 2012 election only matters in the margins.  The question is flavors of disastrous president, there is no president on the menu who will not be a disaster, though obviously Gingrich would be an extra serving of disaster.  For the left, the election is essentiall­y irrelevant­.  If you’re focusing your effort on 2012 you’re wasting your time. Focus on 2016.

10)  Greece is going to default.  So is Italy.  So is Spain.  The question is only when.  The Euro is going to contract, the question is only when.  This is almost inevitable­.  If Germany actually wanted to avoid this, they’d start spending like mad, buying from the peripheral Euro nations, but they won’t do that, so we’re done.  If I’m wrong, that’s the worse case scenario: not defaulting means economic devastatio­n in all the peripheral European nations, and stagnation everywhere else in Europe.

11) There is only one way things will get better, and that is politician­s and bankers and the oligarchs start fearing the population­, and believing that the military and police can’t protect them.  The longer citizens insist on being “nice” and letting oligarchs steal their future, beat them, imprison them, take their homes, their jobs and their lives, the longer the oligarchs and their servants will do so.  Why shouldn’t they?

Since population­s won’t do what it takes to make the oligarchs fear them, the situation will continue to get worse.  You can have widespread prosperity and democracy, or you can have oligarchs.  You can’t have both. You’ve already made your choice, and until you change your mind, your future is gone.

About Eurozone
Read the Article at HuffingtonPost

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