A whole island pretending to be blind...: New book reveals how Greeks cheated THEMSELVES into ruin

DailyMail.com ^ | 3 July 2015 | Flora Drury For Mailonline

[C. Edmund Wright]

you still live in Satan’s domain too bubba........

[C. Edmund Wright]

You’re online.....on a computer.....developed by the free market. You’re using electricity, paid for by the free market.

What a phony you are.

[C. Edmund Wright]

Uhuh. An IDEA that lots of folks have turned into an object of worship.

Yep, but that's an indictment of those people, not the system. You must really be mad at God for giving people free will, because you would have done it so much better. You hide behind your scriptures (never use them in context anyway) and yet you're eat up with more pride than the next 50 men.

[C. Edmund Wright]

HLP is a Marxist who doesn’t understand the difference between technocrat and technology. He’s confused about a lot of things.

[HLPhat]

A technocrat would be like the “free market” fraud who uses dishonest scales described in Hoseah 12:7 — Someone facilitated by Alan Greenspan, whose postmodern “free market” FAILturds get polished by MSM-wanabe talking heads.

[riri]

I read, quickly, through the thread. How is he a Marxist? It seems like polarized thinking. Either you agree with the mega banks, IMF, world bank or you are a socialist, lazy Greek way of life loving Marxist.

We are just as guilty for taking the bait as the Greeks. Our debt is not sustainable either and eventually the debtors are going to come a' calling either by way of taking assets, hyper-inflation, currency collapse, etc.

The Greeks, at least, weren't a balkanized nation of brain dead easily led sheep. We don't have that going for us.

[HLPhat]

>>Sounds like your wife provided for you.

We were blessed by our Creator to be able to provided for each other.

Do you know any coding languages other than bullshytese?

>>But the roads and the garden implements and the vehicles and the buildings and so on that you count on are products of a system that you claim to despise.

I don't despise the system. I just don't worship it.

I've observed that Socialists often worship roads, and airports, and the internet, and the electrical grids, and their shiny trains and various other public/collective infrastructure. Pointing their attention to the fact that Toilet paper was a "public utility" in the USSR usually either shuts them up or sends them into a spittle-flinging rage. Facts do that.

You remind me of them.

[HLPhat]

>>The Greeks, at least, weren't a balkanized nation of brain dead easily led sheep.

Some of the Greeks...

"Greek communities have age-old survival tactics that allow them to weather storms such as World War II deprivation and natural disasters."

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“Despite the collective sense that a catastrophe of some type stares Greece in the face, the country’s strong tradition of hospitality remains intact. Mathes won’t let a visitor leave without a bundle of fresh vegetables and some “trachanas” and “chilopites,” types of local pasta his family makes by hand. Many believe the ability to help one another with food gives Karitaina, with about 30 year-round residents and 100 in the long, drowsy summer, a better chance of surviving than city dwellers coping with the same anxieties. Rural Greek communities have age-old survival tactics that allow them to weather storms such as World War II deprivation and natural disasters. They will need to draw on them deeply, as Greece’s current problems are unlikely to go away soon...”

http://hosted.ap.org/dynamic/stories/E/EU_GREECE_RESILIENT_VILLAGES?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-07-03-08-15-15

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Given that the Appetite of Tyranny is never far removed from the Tyranny of the Appetite, I think it would be useful to understand how those survival tactics work and might be applied in the process of reforming our American Republic back into something that resembles its originally specified purpose: "TO SECURE THESE RIGHTS, governments are instituted among men".

Don't you agree?

[St_Thomas_Aquinas]

Top down management of the entire society and economy could not function if the numbers reported up the food chain were lies. The Poles said, "we pretend to work and they pretend to pay us."

Liberals simply cannot comprehend this, and that markets distribute information as well as goods.

[St_Thomas_Aquinas]

Greece is bankrupt and the private banks who loaned the money in the first place should have to suck it up... Along with the fool governments and central banks who bought a pile of it. If there are no bad consequences for the fools who made the bad loans, they’ll just do it again as soon as they are allowed to do it all over again.

Which raises the question, Who is truly the idiot?

I guess it's the taxpayers who pay to support the fool governments and central banks that prop up failed socialist states.

[Vanders9]

I dont know enought about the situation in the US to accurately say, but at a guess the honest and stable borrowers are upper working class/lower middle class and the delinquents and wasters are most of the people who took a fannie mae freddy mac mortgage and those middle class who think that it is more important to look rich than be financially stable.

[nathanbedford]

You are right and to continue your thought, the market also distributes risk and responsibility in return for distributing capital. In other words, capitalists both acquire and furnish information by their actions but they must ever be mindful that when they act on that information they will be responsible for the loss or enjoy the gain.

So it is the responsibility of a free market to act on information to select those ventures which will succeed and to deprive those ventures which will fail from wasting precious resources. When the government intervenes into the marketplace it does so with a whole different set of motives. The government is not concerned with whether a business succeeds from a profit point of view but whether it generates positive political feedback or generates campaign contributions or even graft.

So government distorts the marketplace, distorts the information coming out of the marketplace, distorts the incentives for going into the marketplace, and ultimately creates a whole new marketplace in which the entrepreneur comes to understand that success comes not from risk and reward in a fair and free market but from crony relationships with the government.

Once that process gains momentum it is very difficult to reform because both capital and political power coalesce against loan entrepreneurs and voters deprived of information

.