In Detroit, there aren’t 100,000+ people in the streets week after week.
In Detroit, as bad as their economy is locally, they’re able to fall back on the state of Michigan.
In Greece, the M3 (widest possible measure) of their money supply is now contracting at 16% year-over-year. That’s money that is literally evaporating due to defaulted debt, and the capital from the private sector is being pulled out of banks, companies, etc and moving outside the country.
Here’s the lefty outlook on this, which I’m interested in reading because the lefties are behind this stuff:
The looting of a gun shop is interesting.
“Violence, vandalism and destruction have no place in a democracy” said the unelected Greek Prime Minister Lucas Papademos.