I have to admit I didn't watch the video because I don't understand the point. Are you suggesting the Greek crisis isn't happening or that it has no lessons for us at all? Are you suggesting that people who are angry that the government is spending their children's money are somehow unbalanced? I'd suggest that people who aren't angry about this are the ones who need analysis.
Just consider this one fact: the Greeks have benefitted from their small size. They are tiny enough that it's possible for someone (the Germans and the IMF) to bail them out. Despite this, they just saw their interest rates hit the 20+% range. The Greek crisis is not nearly as bad as it could be because people can see the possiblity of rescue. What happens to a nation that is too large for anyone to bail out?
This isn't an intellectual exercise. This is real and it's coming right at all of us right now. When it hits, racism is going to be the least of our problems.
1 comment:
I have to admit I didn't watch the video because I don't understand the point. Are you suggesting the Greek crisis isn't happening or that it has no lessons for us at all? Are you suggesting that people who are angry that the government is spending their children's money are somehow unbalanced? I'd suggest that people who aren't angry about this are the ones who need analysis.
Just consider this one fact: the Greeks have benefitted from their small size. They are tiny enough that it's possible for someone (the Germans and the IMF) to bail them out. Despite this, they just saw their interest rates hit the 20+% range. The Greek crisis is not nearly as bad as it could be because people can see the possiblity of rescue. What happens to a nation that is too large for anyone to bail out?
This isn't an intellectual exercise. This is real and it's coming right at all of us right now. When it hits, racism is going to be the least of our problems.
Post a Comment