tag:blogger.com,1999:blog-4900303239154048192.post6527272174921935006..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Greece: A Political EconomyUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4900303239154048192.post-90618994031653521232011-01-03T16:07:50.629-05:002011-01-03T16:07:50.629-05:00While the dude does a pretty good job on the word ...While the dude does a pretty good job on the word "rent", he fails miserably in the use of the word "populism". While it is true that populists seek a _FAIR_ distribution of rent, that is not the same thing as attempting to privatize and UNFAIR portion. And nowhere have I ever seen populism discussed or defined as an attempt "to shift responsibility for a whole to the opposite pole". Rent seekers are not attempting to shift anything but rent income into their pockets. The concept of "responsibility" is totally lacking. Populists demand a fair share of the rent. They do not attempt to _BLAME_ the rent on anything but government mal-enforcement of contrived property rights.<br /><br />In the case of Greece as defined by this guy, the rent is produced by government through various means. Government then uses the created rents to reward and punish the people and the politicians. That is all well and good as far as I know. I have no clue about the government of Greece and the morality and culture of Greece and the Greek economy. No reason to doubt that he is painting a true picture of those things. But his redefinition of the word "populism" seems to be flat wrong.truckerhttps://www.blogger.com/profile/04972946226342199096noreply@blogger.com