Europe’s Greek Showdown: The Sum Of All Statist Errors

Europe’s Greek Showdown: The Sum Of All Statist Errors (David Stockman’s Contra Corner, Feb 10, 2015):

The politicians of Europe are plunging into a form of ideological fratricide as they battle over Greece. And “fratricide” is precisely the right descriptor because in this battle there are no white hats or black hits—-just statists.

Accordingly, all the combatants—the German, Greek and other national politicians and the apparatchiks of Brussels and Frankfurt—- are fundamentally on the wrong path, albeit for different reasons. Yet by collectively indulging in the sum of all statist errors they may ultimately do a service. Namely, discredit and destroy the whole bailout state and central bank driven financialization model that threatens political democracy and capitalist prosperity in Europe——and the rest of the world, too.

1 thought on “Europe’s Greek Showdown: The Sum Of All Statist Errors

  1. The constant bank bailouts have to end. That is all Greece will do if they stay in the EU……..and people are sick of the greedy guts grabbing everything.

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