The Peruvian economist, DeSoto, has a good book about what is
missing in expecting free trade capitalism to alone establish prosperity.
http://www.demographia.com/bk-desoto.htm
It is admired by many for its insight.
The Greek people are a wonderful bunch. The nation has taken a wrong turn many decades ago. It expects things from government that only can be given a the cost of ruination. The bill has arrived and they hope to not pay.
“The Greek people are a wonderful bunch. The nation has taken a wrong turn many decades ago. It expects things from government that only can be given a the cost of ruination. The bill has arrived and they hope to not pay.”
You hit the nail on the head.
And when I say “there is something systemically unsustainable in western capitalism” I specifically mean the way pain is felt and the way risk is mismanaged.