Skip to comments.Weimar Greece
Posted on 08/07/2012 11:11:57 AM PDT by arthurus
...Today, the shoe, as they say, is on the other foot. The debt owed by Greece is in the neighbourhood of US $345 billion (reports vary). The likelihood of eventual repayment is very slim indeed. And, not surprisingly, the Greek people feel the same way the German people did following the signing of the Treaty of Versailles. Correspondingly, events in Greece bear similarities to those seen in Germany in the 1920's.
So, will we be looking at a repeat of Weimar Germany for Greece in the coming years?
The first developments will most assuredly occur in connection with the new Greek government. It most certainly is not in the interests of Greek politicians to recommend to the Greek people that they bite the bullet, give up their over-the-top entitlements, and begin behaving in the sane and frugal manner that will one day allow their children to have a promising future. Once a country has gone down the socialistic road and arrived at Failure, there has never been a historical occasion (to my knowledge) in which the politicians (or the recipients of the government largesse, for that matter) have said, "Oh, dear, we seem to have chosen the incorrect road. We'd best do the right thing now, and pay the piper for our error."
(Excerpt) Read more at internationalman.com ...
I see Greece becoming a hard-core communist country in short order.
Marxists of one form or another have had a strong presence in Greece since WWII. They were very active during the recent election, losing narrowly. I cannot see the present government succeeding because of the attitudes of the Greeks.
The communists will promise a continuation of present benefits. The Greeks will believe them. The communists will gain control, centralize everything, default on all loans, and drive Greece into a deep depression. The centralized government will require Stalin-like techniques to remain in power.
“Once a country has gone down the socialistic road and arrived at Failure, there has never been a historical occasion (to my knowledge) in which the politicians (or the recipients of the government largesse, for that matter) have said, “Oh, dear, we seem to have chosen the incorrect road. We’d best do the right thing now, and pay the piper for our error.”
Liberals’ ‘impossible Utopianism’ = FAILURE
given the bloody communist incursion in 1945-51 I doubt that.
Remember the commies that were there were just as culpable in the croneyism.
Weimar Germany’s debts were run up in a world war, Greece has run up similar debts by an out of control welfare state. We are doing the same thing and the result of all this debt will be the same also, another world war.