Greece and Europe fall victim to the socialist cargo cult

Telegraph UK ^ | 14 May 2012 | Norman Tebbit

[Lorianne]

The Greek tragedy continues towards its inevitable end. Whether a coalition of parties in fundamental difference about what to do next is cobbled together this week, or whether another election brings about a government firmly committed to the repudiation of the deal by which Greece is being kept financially afloat at mainly German expense, it cannot be long before the eurozone loses its first member state.

Monetary union cannot last without fiscal union. Fiscal union cannot be achieved without political union. Political union is not acceptable to the peoples of Europe. If the cultures and economies are sufficiently alike, monetary union may be used to back nations into a political union, but Germany and Greece are simply not sufficiently alike. Indeed here in these islands a 300-year-old union is in danger of coming apart in a spasm of incompatibility.

Of course the exit of Greece from the Eurozone will not of itself solve its problems. Those spring from a more extreme version of the socialist delusion all too common here, and which has now propelled M. Hollande into office in France. It rests upon a sense of victimhood. It deludes its victims into the belief that they have less because others have more, and that if "the rich" were to be relieved of their riches for the consumption of the poor, the curse of poverty and inequity would be overcome.

However, the redistribution and consumption of capital wealth is not a mechanism for the creation of wealth; as the adage goes, making the rich poor does not make the poor rich.

[Lorianne]

... cargo cult, great analogy

[Vide]

... Norman Tebbit, great man.

[Olog-hai]

These people were thinking more clearly back in 2008 (e.g. Tebbit, Evans-Pritchard). Now they seem to take the pro-EU stance.

The EU fathers and elites were and are fanatics—this crisis was engineered by them. Even Evans-Pritchard seems to have forgotten that in a few of his recent columns. Why else have they shut the UK out of their secret machinations of late, especially those surrounding the “EU Super-President”?

[Paladin2]

So does that make Zer0 our country’s witch doctor?

[rbg81]

The current Greek delusion seems to be that the Germans will continue to pay their bills just because they want to keep the EU together. Its a pathetically weak ploy and morally revolting to boot. If I were the Germans, I’d tell them to go stew in the Socialist wunderland. Before long, they’ll be resorting to kidnapping and canabalism to stay alive. Think Mexico on the Mediterranean.

[Uri’el-2012]

socialist cargo cult

socialist cargo cult ,

BANG ON !

Merde; indeed !

[Olog-hai]

WADR, Greece has received no bailouts. They have, however, received loans with highly draconian payback terms—loans that the people did not want their government to take, because it would have meant the utter end of their national sovereignty. (Take note that it was the Pan-Hellenic Socialist Movement that pushed for the acceptance of these loans. Didn’t stop the government from collapsing, and following that, it did not stop the EU from appointing their prime minister, i.e. until recently.)

Prior to the loans being “offered” to Greece’s PASOK, the country’s budget deficit was 12.7 percent of GDP and their outstanding government debt was $410 billion, FTR. Should the panic button have been hit? This situation really lays bare the fanaticism behind the concept of the “single European currency”—it’s all about imperialism.

[Buckeye McFrog]

Its a pathetically weak ploy and morally revolting to boot

And it worked like a charm for Donald Trump...

[Publius6961]

So does that make Zer0 our country’s witch doctor?

Nope; he's totally African, just ended up in the wrong country.

He was imported by American communists, or Soros, or both.

Most of the world can't stand to see a successful advanced society. Not even Europe.

Mysteriously, both the most miserable of the world, and the wealthiest, are on the same side of this issue. There is a Nobel Prize in there somewhere, for the book analyzing and/or explaining this.

: )