Beware of Greeks bearing votesGreece gave us democracy, Europe and economics, in both concept and language.
While referendum is from a Latin route, Greeks also gave us chaos and catastrophe.
Also from Greek, Fathom Consulting's Yiannis Koutelidakis has today taught me a word that's going to weigh heavily on the Hellenic people - euthinophobia, meaning the fear of responsibility and duty.
All this is playing out in a global drama (another gift from the Greeks), with markets taking a deep dip on the news that the people could be about to have their say on the state of their nation's finances.
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Comment:
It is an delusion that 'we' can control or regulate a capitalist economy to do anything other than create the conditions of the next crisis.Capitalism comes with uncertainty, war,crisis as inbuilt inevitable concomitants of it. It is a global system and can only be replaced by a revolutionary alternative.A free access society of common ownership and democratic control without markets.In other words, socialism. http://www.bbc.co.uk/news/uk-scotland-15548435?postId=110757181#comment_110757181
