Greece - liquidation proceedings?
Posted by davidmcnab 9 years, 10 months ago to Economics
Now that Greece has defaulted on IMF repayments, I guess it's time to send in the bailiffs to confiscate some assets. Sadly ironic that the in the cradle of democracy, democracy itself was abused by a voting populace unwilling to cope with the most basic realities of finance and economics.
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Jan, occasionally cautious
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And, you are spot on correct about the rest of your post as well.
The first time I read that, I thought "oh come on, people are smarter than THAT". Now as I look around, I see his point. There are some people who can look past the immediate gratification, (those of us here in the Gulch, for instance). But a large and seemingly increasing majority of people don't seem to be able to think past "Ooh! I can get bread and circuses!".
I'm not anti-democracy, but how do we prevent the "bread and circus" mentality from taking over? One way I thought of (although I realize it would never pass) is to limit voting to property owners (who have a tangible stake in the country/state/city they live in) and/or taxpayers (who earn the money that's being spent).
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Jan
Or, have Macedonia take over Greece like they did a long time ago.
Kidding aside, it is quite different with Greece, since they could be taken over militarily from outside. The US, not so much.
Jan
I really don't understand how the USA still has a space program among other things while over $18 trillion in debt.
There's a full scale replica of the Parthenon in Nashville, TN. Worth visiting to appreciate what the human mind was able to create without power tools.
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