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The Greek Crisis
international |
eu |
opinion/analysis
Tuesday June 30, 2015 20:45 by Paddy Hackett
Syriza cannot solve the problems of the Greek working class The various programmes advanced by much of the radical left are lodged within the limits of capitalism. But it these very limits that the Greek financial crisis is manifesting. Leftists proposing the limits of capitalism to solve those very limits is a contradiction. The referendum is a decision made by the Syriza government because it has run out of road. Syriza lacking strategic vision is entrapped in a political cul de sac. Its politics have reached their limits. After approximately five months of negotiating with the EU leadership the abject result is capitulation to austerity. The recent draft deal would have meant the acceptance of even more austerity. Accepting such a deal would have split Syriza and alienated much of its popular support. Rather than face this it fell back on the referendum tactic. But this forthcoming referendum can only add to the confusion and further demoralisation of the Greek working class. This is because the referendum is ambiguous. It is not clear as to what it is about. It is not clear as to whether it concerns a vote for or against the Euro and even EU membership. The brevity of the campaign and the surrounding financial conditions entailing bank holidays, capital controls and cash withdrawal restrictions may not help debate. The referendum, as it stands, is a manifestation of the political bankruptcy of Syriza. |
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Jump To Comment: 1The Greeks do NOT get to choose universal global communism.
They only get to choose communism for themselves. At least you are honest enough to recognize that this would not necessarily solve their austerity problem. All they would get to choose is how nto farily share among themselves the pain of the austerity instead of outsiders dictating that.
The problem of the Greeks is NOT their current indebtedness so much as their need for more borrowing in the foreseeable future. A sovereign borrower can always repudiate past debts, but the price for that is nobody willing to lend anything to them for a long time, including foreign trade credits necessary to do foreign trade without direct barter deals.
Please do note that I am allowing your original premise to pass unchallenged. That does not mean that I share your confidence that universal global communism by itself would go what you think it would. We all separately going communist , that's universal, yes? Might not be enough to make us willing to share with "others". Perhaps you meant universal communism PLUS strong "one-worldism".