tag:blogger.com,1999:blog-4900303239154048192.post5839974335529224086..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Euroland Hardball? Atlanta RumorsUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4900303239154048192.post-43129634585213978832010-01-10T08:31:13.273-05:002010-01-10T08:31:13.273-05:00There's something incredibly counter-intuitive...There's something incredibly counter-intuitive about raising interest rates on a poor nation's bonds. The other contexts of this:<br /><br />evidence of a popular uprising in the country, bankrupt farmers, a massive oversupply and huge maldistribution of the world's reserve currency. Decades of imperialistic economic warfare against lesser states ....such as Greece. World economy dominated by monopoly capital.<br /><br />Greece has already engaged in very unpopular welfare reforms and privatisations.<br /><br />Further, the global financial crisis has resulted in "charter rates for dry bulk cargo such as iron ore, coal, steel, grain and other commodities plunging by about 90 percent. And Greeks... control nearly 20 percent of the world's merchant fleet..."<br /><br />Greece's struggle looks to be the same as for every other nation. How to:<br /><br />* counter the economic zero sum game;<br />* distribute wealth and land more evenly;<br />* move to production systems and lifestyles that are sustainable;<br />* have an economy and political system that reflects the informed self-interest of the majority (a functional and real form of democracy).<br /><br />Increasing the cost of already unpayable debt isn't a step in that direction and neither is the further privatisation of public resources.Myrtle Blackwoodhttps://www.blogger.com/profile/07427043367624101075noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-80007903602160906102010-01-10T03:03:53.750-05:002010-01-10T03:03:53.750-05:00Its all William Greider's Fault.Its all William Greider's Fault.TheTruckerhttps://www.blogger.com/profile/10346127768102862741noreply@blogger.com