A Greek Tragedy

Supporters of capitalism are always telling socialists that the buying and selling system of the profit system is the most efficient way to run society. This despite wars, world poverty and unemployment. 'Greece's unemployment rate hit another record high in May of 27.6%, according to the country's statistics body. The figure, from the Hellenic Statistics Authority, compares with a jobless rate of 23.8% in May last year. Among those in the labour market aged 15-24, the rate is 64.9%, as Greece sees its sixth year of recession.' (BBC News, 9 August) This is not peculiar to Greece. Last week, figures from the official Eurozone statistics agency reported that Greece's unemployment rate was 26.9% in June, compared with a Eurozone-wide figure of 12.1%, according to the same BBC report. Millions of workers throughout Europe are been debarred from producing wealth. Think what production could be  inside a socialist society. RD