The Unz Review - Mobile

The Unz Review: An Alternative Media Selection

A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
 Michael Hudson Archive
The Delphi Declaration

Email This Page to Someone


 Remember My Information



=>
shutterstock_165049448

Many readers of the European and American press must be confused about what actually is happening in the negotiations between Greece (Alexis Tsipras and Yannis Varoufakis). The European Troika (the IMF, European Central Bank and European Council now object to the name and want to be called simply “the Institutions”) have stepped up their demands on Syriza. What is called “negotiation” is in reality a demand for total surrender. The Troika’s demand is to force Syriza to go back on the campaign promises that it made to voters who replaced the old right-wing Pasok (“socialist”) and Conservative New Democracy coalition, or else simply apply the austerity program to which that coalition had agreed:cutbacks in pensions, deeper austerity, more privatization selloffs, and a tax shift off business onto labor. In short, economic suicide.

Last weekend a group of us met in Delphi to discuss and draft the following Declaration of Support for Greece against the neoliberal Institutions. It is now clear that finance is the new mode of warfare. The creditors’ objective is the same as military conquest: they want the land, the natural resource rights and monopolies, and they want tribute (in this case, debt service). And they don’t want sovereign Greece to tax the economic rent from these assets. In short, the negotiation between The Institutions and Greece is a bold exercise in rent extraction.

To read the press, one might think that Tsipras and Varoufakis are simply trying to capitulate, only to be turned down. Even many left observers have criticized them for taking the positionthat “We want to pay.”

What is not recognized is howsuccessful the Syriza negotiating strategy has been. While most voters opposed austerity, they also initially (and still) have a fear from withdrawing from the eurozone. Tsiparas and Varoufakis have walked a fine line and accurately judged unyielding and totalitarian the Institutions’ “hard money” creditor approach would be.

The eurozone’s rejection of what obviously is an attempt at reason has greatly strengthened Syriza’s hand to say “NO” to deeper austerity. It would bring yet more unemployment, yet more emigration, yet more bankruptcy – and deeper distress prices for the public domain that the Institutions are insisting be sold off.

On the surface, Syriza’s non-payment of the debt that earlier coalitions ran up (largely by not taxing the oligarchs who supported them) need not cause a great disturbance in financial markets. After all, the debts to which Greece objects are those run up to the IMF and ECB, not private bondholders.

Yet the eurozone may turn this non-economic crisis into a political crisis by following through on its threat to exclude Greece from the eurozone. Current conditions are such that much larger numbers of Greeks may now support this position than was the case last January.

At stake is much more than Greece itself. What the attendees at Delphi want is to rescue not only the Greek economy, but all Europe — by replacing the euro and the ECB with a less austerity-based monetary ideology. If they are driven out of the eurozone, they will be able to create a real central bank (via the Treasury) to monetize deficit spending to revive the economy.

It is clear that what is needed is to replace the IMF with an institution able to assess the ability to pay debts, and to write down bad debts accordingly. Such an institution would replace Chicago School austerity and fiscal policy with a more progressive monetary and tax policy.

If the European Central Bank follows through on its threat to wreck the Greek banking system, Syriza has put itself in a position to replace the oligarchs’ banks with a public option.

The Institutions evidently hoped that the government will face a no confidence vote if it is excluded from the eurozone. The reality is that it would have suffered a no confidence defeat if it had capitulated. Tsipras is now in a position to explain to voters, “We acted reasonably to do what we could. Nothing will satisfy them except loss of our sovereignty, our land and mineral wealth, and our power to tax. The IMF and ECB won’t admit their 2010 mistake in not writing down the Greek debts, which stemmed largely from the falsified Goldman-Sachs-Papademos ploy that got usinto the eurozone in the first place.”

In sum, followers of recent news reports should bear in mind that despite all the statements of good faith that Greece “wants to pay its debts,” the reality is that there is no money to do so – except to the extent that the IMF may “extend and pretend” the charade by advancing Greece the IMF’s own money to pay. As matters have turned out, Tsipras and Varoufakis have not paid foreign debts with Greek money. They have not balanced the Greek budget by cutting back pensions, nor have they sold off the crown jewels of publicly owned infrastructure that European banks hoped to finance to their clients.

In sum, instead of selling out, Tsipras has given Greeks enough time to pull out their savings from the banks and convert them into euro notes (domestic circulation of which has risen by 13 billion euros), or into “hard” assets such as cars (or even boats) with a resale value.

This is the Delphi Declaration in support of Greece in its confrontation with The Institutions.

 

THE DELPHI DECLARATION

On Greece and Europe

European governments, European institutions and the IMF, acting in close alliance with, if not under direct control of, big international banks and other financialinstitutions, are now exercising a maximum of pressure, including open threats, blackmailing and a slander and terror communication campaign against the recently elected Greek government and against the Greek people.

ORDER IT NOW

They are asking the elected government of Greece to continue the “bail-out” program and the supposed “reforms” imposed on this country in May 2010, in theory to “help” and “save” it.

As a result of this program, Greece has experienced by far the biggest economic, social and political catastrophe in the history of Western Europe since 1945. It has lost 27% of its GDP, more than the material losses of France or Germany during the First World War. The living standards have fallen sharply. The social welfare system is all but destroyed. Greeks have seen social rights won during one century of struggles taken back. Whole social strata are completely destroyed, more and more Greeks are falling from their balconies to end a life of misery and desperation, every talented person who can leaves from the country. Democracy, under the rule of a “Troika” acting as collective economic assassin, a kind of Kafka’s “Court”, has been transformed into a sheer formality in the very country where it was born! Greeks are experiencing now the same feeling of insecurity about all basic conditions of life, that the French experienced in 1940, Germans in 1945, Soviets in 1991. At the same time, the two problems which this program was supposed to address, Greek sovereign debt and the competitiveness of the Greek economy have sharply deteriorated.

Now, European institutions and governments are refusing even the most reasonable, elementary, minor concession to the Athens government, they refuse even theslightest face-saving formula there might be. They want a total surrender of SYRIZA, they want its humiliation, its destruction. By denying to the Greek people any peaceful and democratic way out of its social and national tragedy, they are pushing Greece into chaos, if not civil war. Indeed, even now, an undeclared social civil war of “low intensity” is being waged inside this country, especially against the unprotected, the ill, the young and the very old, the weaker and the unlucky. Is this the Europe we want our children tolive in?

We want to express our total, unconditional solidarity with the struggle of the Greek people for their dignity, their national and social salvation, for their liberation from the unacceptable neocolonial rule the “Troika” is trying to impose on this European country. We denounce the illegal and unacceptable agreements successive Greek governments have been obliged, under threat andblackmail, to sign, in violation of all European treaties, of the Charter of UN and of the Greek constitution. We call on European governments and institutions to stop their irresponsible and/or criminal policy towards Greece immediately and adopt a generous emergency program of support to redress the Greek economic situation and face the humanitarian disaster already unfolding in this country.

We also appeal to all European peoples to realize that what is at stake in Greece it is not only Greek salaries and pensions, Greek schools and hospitals or even the fate even of this historic nation where the very notion of “Europe” was born. What is at stake in Greece are also Spanish, Italian, even the German salaries, pensions, welfare, the very fate of the European welfare state, of European democracy, of Europe as such. Stop believing your media, who tell you the facts, only to distort their meaning, check independently what your politicians and your media are saying. They try to create, and they have created an illusion of stability. You may live in Lisbon or in Paris, in Frankfurt or in Stockholm, you may think that you are living in relative security. Do not keep such illusions. You should look to Greece, to see there the future your elites are preparing for you, for all of us and for our children. It is much easier and intelligent to stop them now, than it will be later. Not only Greeks, but all of us and our children will pay an enormous price, if we permit to our governments to complete the social slaughter of a whole European nation.

We appeal in particular to the German people. We do not belong to those who are always reminding the Germans of the past in order to keep them in an “inferior”, second-class position, or in order to use the “guilt factor” for their dubious ends. We appreciate the organizational and technological skills of the German people, their proven democratic and especially ecological and peace sensitivities. We want and we need the German people to be the main champions in the building of another Europe, of a prosperous, independent, democratic Europe, of a multipolar world.

Germans know better than anybody else in Europe, where blind obedience to irresponsible leaders can lead and has indeed led in the past. It is not up to us to teach them any such lesson. They know better than anybody else how easy is to begin a campaign with triumphalist rhetoric, only to end up with ruins everywhere around you. We do not invitethem to follow our opinion. We demand simply from them to think thoroughly the opinion of such distinguished leaders of them like Helmut Schmitt for instance, we demand them to hear the voice of the greatest among modern German poet, of Günter Grass, the terrible prophecy he has emitted about Greece and Europe some years before his death.

We call upon you, the German people, to stop such a Faustian alliance between German political elites and international finance. We call upon the German people not to permit to their government to continue doing to the Greeks exactly what the Allies did to Germans after their victory in the First World War. Do not let your elites and leaders to transform the entire continent, ultimately including Germany, into a dominion of Finance.

ORDER IT NOW

More than ever we are in urgent need of a radical restructuring of European debt, of serious measures to control the activities of the financial sector, of a “Marshal Plan” for the European periphery, of a courageous rethinking and re-launching of a European project which, in its present form, has proven unsustainable. We need to find now the courage to do this, if we want to leave a better Europe to our children, not a Europe in ruins, incontinuous financial and even open military conflicts among its nations.

Delphi, 21 June 2015

The above declaration was adopted by nearly all participants in the Delphi conference on the crisis, on alternatives to euroliberalism and EU/Russia relations, held at Delphi, Greece on 20-21st of June. It is also supported by some people who were not able to be present. The list of people who signed it follows. In it there are not only citizens of EU countries, but also of Switzerland, USA, Russia and India. Many distinguished American scholars seem to be more sensitive as regard the European crisis, than the … political leaders of EU themselves! As for Russians, it is only normal and natural to bear a great interest for what is going on in EU, as EU citizensbear also an interest for what is going on in Russia. All participants in the Delphi conference share the strong conviction that Russia is an integral part of Europe, that there is a strong interconnection between what happens in EU and in Russia. They are categorically opposed to anti-Russia hysteria, which in fact is nothing less than the preparation of a new, even more dangerous cold, if not hot war.

https://www.youtube.com/channel/UCnzRNIZ79dczuuJStgo3tFw

Altvater, Elmar, Germany

Member of scientific community of AΤTAC. Retired Professor of Political Science, Free University of Berlin.

Amin, Samir, Egypt/France

Economist, President of the Forum Mondial des Alternatives

Ayala, Iván H., Spain

Researcher, Instituto Complutense de Estudios Internacionales

Arsenis, Gerasimos, Greece

Εconomist, ex-minister of Economy, of Finance, of National Defense and of Education, ex-UN official and ex-director of UNCTAD

Artini, Massimo, Italy

Member of Parliament

Bellanti,s Dimitris, Greece

Lawyer, PHD in Constitutional Law, Member of the Central Committee of SYRIZA

Black, William, USA

Professor of Economics, University of Missouri (Kansas City)

Cassen, Bernard, France

Professor Emeritus, Université Paris 8, secretary general of “Mémoire des luttes”

Chiesa, Giulietto, Italy

Politician, journalist and author, ex MEP, president of the “Alternativa” association

Freeman, Alan, Canada/UK

Geopolitical Economy Research Group, Business School, Director

Gabriel, Leo, Austria

Director of the Institute for Intercultural Research and Cooperation (IIIC), Vienna, Member of the International Council of the World Social Forum, Coordinator of the NGO Committee for Sustainable Development of the United Nations

George, Suzan, France

Political and social scientist, writer, President of the Transnational Institute

Georgopoulos, Dimosthenis, Greece

Economist, sociologist, political scientist, Secretariat on Industrial Policy, SYRIZA

German, Lindsey, UK

Convenor, Stop the War Coalition

Graeber, David,

Professor of Anthropology, London School of Economics. Author of “Debt: The First 5,000 Years”

Hudson, Michael, USA

Professor of economics, University of Missouri (Kansas City), UMKC. President, Institute for the Study of Long-term Economic Trends (ISLET)

Irazabalbeitia, Inaki, Spain

Former MEP / responsible for International Relationships for the party ARALAR, Basque Country

Jennar, Raoul Marc, France

Dr. in political sciences, specialist on European law and on WTO regulations, writer of twenty books, among them “Europe, la trahison des élites”

Kagarlitsky, Boris, Russia

Director of the Institute for globalization studies and social movements (IGSO)

Kalloniatis, Costas , Greece

Phd on macroeconomics, adviser to the Ministry of Labour, researcher in the Labor Institute of theGeneral Confederation of Workers of Greece

Kasimatis, Giorgos, Greece

ORDER IT NOW

Prof. Emeritus of Constitutional Law, University of Athens. Founder and Honorary President of the International Association of Constitutional Law, ex-advisor to PM Andreas Papandreou.

Koenig, Peter, Switzerland

Εconomist / geopolitical analyst

Koltashov, Vasiliy, Russia

Head of the economic research unit of the Institute for Globalisation and Social Movements

Konstantakopoulos, Dimitris, Greece

Journalist, Writer, Coordinator of the Delphi Initiative

Koutsou, Nikos, Cyprus

Member of Parliament from Famagusta

Kreisel, Wilfried, Germany

Former Executive Director, World Health Organization

Mavros, Giannis, Greece

Member of the National Council for the Claiming of Germany’s Debts to Greece

Mityaev, Dmitry A. , Russia

Deputy Chairman of the Council for Study of Productive Forces of the Ministry of Economic Development and the Russian Academy of Sciences on Development Issues

Ochkina, Anna, Russia

Head of Department of social theory at Penza State University

Pantelides, Panagiotis, Greece

Economist, senior researcher, European Institute of Cyprus

Petras, James, USA

Bartle Professor Emeritus , Binghamton University

Ex-Director of the Center for Mediterranean Studies (Athens), ex-adviser to the Landless RuralWorkers Movement of Brasil and the Unemployed Workers Movement in Argentina

Pinasco, Luca, Italy

National coordinator of Proudhon Circles-Editor for foreign policy of the journal “L’intellettuale dissidente”.

Radika, Desai, USA

Professor, Director of the Geopolitical Economy Research Group, University of Manitoba

Rees, John, UK

Co-founder, Stop the War Coalition

Roberts, Paul Craig, USA

Former Assistant Secretary of the US Treasury for Economic Policy, Associate Editor, Wall Street Journal, Senior Research Fellow, Stanford University, William E. Simon Chair in Political Economy, Center for Strategic and International Studies, Georgetown University, Washington, D.C.

Sideratos, Aggelos, Greece

Publisher

Sommers, Jeffrey, USA

Senior Fellow, Institute of World Affairs, Professor, University of Wisconsin-Milwaukee

St Clair, Jeffrey, USA

Editor, CounterPunch, author, Born Under a Bad Sky

Stierle, Steffen, Germany

Εconomist, ATTAC Germany

Syomin, Konstantin, Russia

Author, TV host at All-Russia State Television (VGTRK.com)

Tombazos, Stavros, Greece

Professor of Political Economy, University of Cyprus, member of the international “Committee of Truth on Greek Sovereign Debt” (debt auditing committee) created by the Greek parliament

Vanaik, Achin, India

Retired Professor of International Relations and Global Politics, University of Delhi

Xydakis, Nikos, Greece

Minister of Culture

Zachariev, Zachari, Bulgaria

President of the Slaviani Foundation

Zdanoka, Tatjana, Latvia

Member of European Parliament

Contact email: the.delphi.initiative@gmail.com

The conference on the internet : The Delphi Initiative – YouTube

 
• Category: Economics • Tags: Eurozone, Greece 

38 Comments to "The Delphi Declaration"

Commenters to Ignore
...to Follow
Endorsed Only
[Filtered by Reply Thread]
  1. The Pythia
    used to inhale some gases coming out of a crack
    below her seat.
    What kind of stuff did Michael Hudson and the other
    “Delphi Declamators” inhale/smell/drink/eat ?

    • Replies:
    Reply More... This Commenter Display All Comments
  2. “The creditors’ objective is the same as military conquest: they want the land, the natural resource rights and monopolies, and they want tribute (in this case, debt service). ”

    That is a compelling characterization, so far borne out by the facts.

    Consider my signature affixed.

  3. I didn’t know that the Unz Review was a SYRIZA party site. As for the professor:

    Many readers of the European and American press must be confused about what actually is happening in the negotiations between Greece (Alexis Tsipras and Yannis Varoufakis). The European Troika (the IMF, European Central Bank and European Council now object to the name and want to be called simply “the Institutions”) have stepped up their demands on Syriza. What is called “negotiation” is in reality a demand for total surrender. blah blah blah

    The reality is very simple. Greece is bankrupt and the EU plan was to cut spending on the Greek Soviet state. The plan of SYRIZA was to raise taxes and not cut one eurocent out of the Leviathan state. That’s the problem.
    There is no way SYRIZA will make any effort to liberalize the economy, attract FDI and limit the size and spending of the State. SYRIZA voters are 90% of goverment workers plus people who have nothing left in the bank.
    How will this work for the last Soviet Socialist Republic of Europe?
    Grab some popcorn it’s going to be a riot!

    • Replies: ,
  4. I understand the plight of the letter, things in Greece are obviously bad, but I think we need to come to our senses about what position the Greeks have put themselves in. The Greeks have a socialist economy, which is discourages labour, makes hiring/firing people next to impossible, and heaps lavish benefits to retirees.
    As a libertarian, Greece should immediately default, leave the Eurozone and dismantle as much of its “Welfare State” as possible. If the Greeks want pensions and free medical care, along with policing, fire, ambulatory, etc. It must be paid for, monetizing debt, is a farce that robs from savers and productive people to pay for a parasitic class, of which is much of Greece.
    Greece should sit down with sharp pencils after default, tell the people how many of their services were over promised and write down everything until they find a balanced budget, period. Remove the useless barriers to free enterprise everywhere expect for the most basic social services if this is what the Greeks want. Allowing a socialist welfare state to simply default without acknowledging the fact that the reason they’re bankrupt is because their government is over promising and waited until bankruptcy to cry for help. Goldman Sachs and the like did not cause Greece’s problem, they may have taken advantage, but the cards were already on the table for default given their system anyway.
    As far as privatization, allow as much as possible, entrepreneurs create wealth, nothing else, government is a wasteful, dinosaur of an institution that is slowly destroying every freedom people have ever enjoyed. If we continue to allow a parasitical class of politicians, central bankers and supra national organizations to make rules and regulations for us, the world economy is surely going to implode. It’s to to allow man to be free and independent, with all centralized authority only being local, with simple rules no exceptions. Socialism does not and cannot work, predatory capitalism ala central banks and supranational organizations is just as bad, it just works differently, but is still parasitical. Take away government power to create money, or to centralize any social service, period. Education, insurance, banking all of it should be left as much as possible to market forces. Why do the costs of these things are keep rising instead of falling like tv’s or cell phones? Government bureaucracy and central bank inflation, no other reason. So while the authors hearts may be in the right place their prescriptions are dead wrong. Allowing a govt to run basic social services may be reasonable, but no deficit ever, period. So with a market standard in money, less barriers to employment and entrepreneurship the Greeks can flourish. Some regualtion on banking and what can be defined as a currency to protect people is reasonable, some small regulatory body for food and drug is the same, perhaps even a parks a rec, and some environmental protection. Once again all within a strictly balanced budget no exceptions.
    All the authors of this essay are proposing is what has most of the western world and it’s protected fiefdoms on the verge of bankruptcy, just like poor Greece. This parasitic class only wants to protect its power, but it’s everywhere, teachers unions, doctors unions, all the state run fiefdoms from banking to roads is nothing more than a protected class that should be completely decentralized. Think of the possibilities decentralization, everywhere, no protected classes, equal rights for all, as few parasites as possible.
    Realize all that these people propose is the same ideologically flawed system we have now, not promoting freedom or the value of savings and work. They propose serfdom only the kind of serfdom they agree with, not the kind some other protected class would like to see.
    It’s human freedom everywhere or serfdom and stagnation until people throw of the shackles of this sociopathic class that deems what we can and cannot do.

    • Replies:
  5. The air of human dignity?

  6. This article passes for logic? Let me explain how the real world works:

    When you borrow money, you have to pay it back. When you live beyond your means, you have to cut back or face some unpleasant consequences. It really is that simple.

    Pull

    your

    heads

    OUT.

    • Replies: , ,
  7. The colony of Greece rebells against its Rulers, the European banks and Germany. Apparently “Deutschland uber allies” is not going to be the new Greek anthem…

  8. Do you apply the same logic to the financiers that have been ruling EU? Toward the off-shoring and too-big-to-jail lawlessness awarded with QE and non-interrupted mega-bonuses?
    The above Declaration said that the criminal class of financiers (they are a class in todays’ economy) need to stop their devastating plutocracy on the march. The world has been blackmailed by the City and Wall Street: recall that the mega-crooks declared that any “meddling” in their financial affairs would destroy financial sector in each and every developed country. Hence the crooks enjoy the total unaccountability.
    Island took a second opinion and it was good for cleaning the moral cancer in at least one country.

    • Replies: ,
  9. When you gamble by lending money to likely defaulters, don’t come crying to me.

    Keep

    Your

    Head

    In.

    • Replies:
  10. Wally [AKA "BobbyBeGood"]
    says:
    • Website     Show CommentNext New Comment

    The Delphi Declaration reads like a neo Communist Manifesto.

    “Germans know better than anybody else in Europe, where blind obedience to irresponsible leaders can lead and has indeed led in the past.”

    Utter nonsense. The ’6M & gas chambers’ are proven frauds, it was the Allies who started WWII.
    There is nothing to be ‘guilty’ about. Much of the National Socialist policies were the norm worldwide.

    Having said that, the lazy Greeks know quite well that leaving the EU means they will have to pay their own bills, something Marxists always dislike. They repeatedly took the money, the terms were known and agreed to, but being unproductive Marxists they refuse to take responsibility for their actions and simply want more of other people’s money. There should be no pity for them, they made their own bed and should sleep in it.

    • Replies: , ,
  11. Iceland

  12. “When you borrow money, you have to pay it back.”

    Sure, but when a lot of that borrowed money, was effectively just stolen by the political elites of one’s country, the beleagured workingmen of that society, are understandably reluctant to repay such fraudulent* loans.

    *Fraudulent in the sense that the loans were ostensibly taken out in order to advance the interests of the citizenry, not to provide play money for the political class and its assorted criminal cronies.

    • Replies: ,
  13. Greece has about as much business being in the EU as Swaziland does. Only–Swaziland borrows more responsibly.

  14. Yes, the ruling class is very good at looking after itself, always and everywhere. By that standard, no country should ever have to pay its debts back.

  15. entrepreneurs create wealth, nothing else

    Libertarian clap-trap. Bain capital – those guys were real wealth only creators.

    • Replies:
  16. Let’s cut the crap. This isn’t a case of a dictator or a junta taking huge loans and spending them on a fleet of Lamborghinis. All the money that the Greek state borrowed went into creating worthless government jobs and giving pensions to people who were not entitled to them (or giving them much more money than they paid into the system/ 40-50 yr old government worker retirees).
    Everyone benefitted most of all the ‘average’ Greek.

  17. In your closing one-sentence paragraph, I think you meant to write “Iceland” – not ‘island’, no?

  18. Some glaring mistakes , just from first(!) paragraph:

    The Troika consists of the ECB, the IMF and the Europen Commission, not the European Council, a totally different institution.
    The Troika itself did not object to being called the Troika, Syriza, in an act of typical grandstanding, refused the name and started calling the Troika “the Institutions”, mostly to make good on one of many vacuous election pledges.

    I could go on and on.

    As to the substance of this diatribe and the “Delphi Declaration” ( “We denounce the illegal and unacceptable agreements successive Greek governments have been obliged, under threat and blackmail, to sign, in violation of all European treaties, of the Charter of UN and of the Greek constitution.”etc.), it is barely worth commenting on, although “illegal and unacceptable” is a nice turn of phrase, especially in a greek context.

  19. Because being moral and understanding economics is clap trap. How disappointing it must be, to have no real rebuttal, to simply speak in generalities about how you are against fundamental humanity. Personally, I’d be ashamed to make a comment like yours with nothing to back it up.

    • Replies:
  20. Yes, Iceland

  21. Exactly how did the allies start WWII? Treaty of Versailles was a catalyst, to be sure and Roosevelt knew of Pearl Harbor, allowing many to be slaughtered, but where did the allies invade first? Unless I read history incorrectly, which I don’t believe I do, although the victors write it as they say, Germany and her subjugates rebelled first.

    • Replies:
  22. “…refuse to take responsibility for their actions and simply want more of other people’s money.”

    Right. Have not we learned about this habit in relation to Quantitative Easing, “too-big-to-fail,” and “too-big-to-jail?” How about conditioning of populace for neo-feudalism by plutocracy?
    “95% Of Income Gains Since 2009 Went To The Top 1% — Here’s What That Really Means:” http://www.businessinsider.com/95-of-income-gains-since-2009-went-to-the-top-1-heres-what-that-really-means-2013-9
    “Wealth, Income, and Power:” http://www2.ucsc.edu/whorulesamerica/power/wealth.html

  23. Because being stupid is a libertarian requirement.

    FYI, I did back up my rebuttal against your stupid claim that entrepreneurs are god’s representatives on earth. If you actually knew what Bain capital did when Romney was there you would have figured it out, but it was beyond you. Bain capital was for making money for it’s principals any way they could, even if it meant loading a company up with debt and forcing it into bankruptcy.

    The rest of your post about “moral” and “humanity” is even dumber than your first one.

  24. I just want to take this opportunity to apologize to the Unz community for Jonnie “BobbyBeGood” Hargis. He seems to have come here with the sole purpose of driving Unz patrons to his own little vanity site: codoh.com. When challenged on key points about what he says here, he will not respond. I have repeatedly challenged him on his “Holocaust is a lie” nonsense, and he has refused to engage anywhere but CODOH, where he is judge, jury, and executioner. For more info, see:

    http://littlegreenfootballs.com/page/251521_Largest_Holocaust_denial_forum

    http://holocaustcontroversies.blogspot.com/2010/02/codoh-forum-that-moderated-itself-to.html

    • Replies:
  25. But they didn’t come crying to you, me, or anyone else. The lenders are the ones doing the work to collect, more or less directly.

    They aren’t going to a third party begging for a bailout. They’re going to the deadbeat to get their money back.

  26. “I didn’t know that the Unz Review was a SYRIZA party site. ”

    It’s not.

    It does tend to view the institutions of fascist control: Central banks, IMF, World Bank etc and the layers of political parasitic filth with disfavor.

    • Replies:
  27. We live in a time of communism for financial sector: no oversight, no accountability, no punishment for massive fraud, and a lot of money from taxpayers (QEs in trillions of dollars). The international cabal of banksters has been working on creating a neo-feudalism for the 99%.
    “The Greek Debt Crisis and Crashing Markets:” http://www.counterpunch.org/2015/06/29/the-greek-debt-crisis-and-crashing-markets/
    “Greece’s Parliament last week released its Debt Truth Commission report explaining why Greece’s debts to the IMF and ECB are odious, and were taken on without a popular referendum approving these loans. Indeed, Mrs. Merkel and Mr. Sarkozy obeyed Mr. Obama and Geithner when the latter insisted at a G8 meeting that the ECB ignore the IMF economists’ analysis that Greece could not pay its debts, and bail out the banks. Geithner and Obama explained that U.S. banks had placed big financial bets that Greece would pay its private bondholders, so the ECB and IMF had to lend the government the funds to pay…. … the oligarchs have gained control of the old coalition Pasok/New Democracy parties, avoided paying taxes, avoided being prosecuted (New Democracy refused to act on the “Lagarde List” of tax evaders with nearly 50 billion euros in Swiss bank accounts), orchestrated insider dealings to privatize infrastructure at corrupt prices, and used their banks as vehicles for capital flight and insider lending. This has turned the banks into vehicles for the oligarchy. They are not public institutions serving the economy, but have starved Greek business for credit.”

  28. Greece was able to borrow impressive sums of money thanks to the guarantee of the EU. That money was spent on useless government projects and jobs. Thus all Greeks got a piece of the pie.
    Now that its time to cut spending all the people who were happy spending borrowed money have ‘realized’ that they are the victims of a global conspiracy.
    Yeah….
    That’s the main problem. All the Greek political parties want someone else to give them money so they can give jobs to their voters.

    @annamarina

    You have to try harder. I heard ERT is hiring…

  29. What is ERT?

    • Replies:
  30. On September 3, 1939. Britain and France declared war on Germany. In doing so, they turned a German – Polish border conflict into a major European war.

    Technically, France invaded German territory first during the “phony war”.

    Also, Britain and France (in cahoots with Stalin, apparently – google “Finland: In the Eye of the Storm”) were planning an invasion of Norway and Scandinavia. The cover story for this invasion was that they were intervening to protect the rest of Scandinavia from Soviet aggression (this was after the invasion of Finland) but in reality, it was to encircle Germany and cut off its supply of iron ore from Sweden. However, this invasion was successfully preempted, largely thanks to the Kriegsmarine.

    And then you have the BEF landing in Europe and staging, along with France, for an invasion of Germany from the Low Countries and Belgium. Again, Germany’s actions were largely reactive.

    Hitler made numerous proposals to end the war and even withdraw from most of Poland (save Danzig and the other historically German lands). All of his peace proposals – even the one he made after the evacuation of Dunkirk – were rebuffed.

    • Replies:
  31. Just so our Anglo friends can get an idea of life in the Soviet Socialist Republic of Greece i will explain. In 2013 the government shut down the ERT (state owned TV company) and fired the 2.915 people working there (they created a new channel NERIT, rehired some of them). Stop laughing Anglos, yeah 2.915 journalists were actually working there, don’t believe the lies of ERT being a dumping ground for goverment supporters. They were busy bringing fresh news to the Greek people…..
    Anyways the first thing that SYRIZA did was to reopen ERT and hire all the people fired. Use google translate:

    http://www.tovima.gr/politics/article/?aid=517457

    http://www.protothema.gr/greece/article/381948/sudagmatiko-to-kleisimo-tis-ert-dimosieuthike-i-apofasi-tou-ste/

    http://www.protothema.gr/politics/article/476959/tsipras-i-ert-anoigei-tin-epomeni-deutera/

    annamarina do you remember now? did you send them your cv?

  32. Hi there. Tried responding to you at CODOH but, well, you know. Blogged it instead:

    http://holocaustcontroversies.blogspot.com/2015/07/playing-whack-mole-with-jonnie-hargis.html?m=1

    Feel free to respond in comments there or e-mail. Thx

    • Replies:
  33. Why are you posting this here? Shouldn’t you post it after the article where we had the exchange on the Holocaust?

  34. Wally [AKA "BobbyBeGood"]
    says:
    • Website     Show CommentNext New Comment

    Andrew Mathis certainly has a problem with free speech here at http://www.unz.com

    And as if I’m some guy name Hargis. WTF?

    Andrew Mathis is a stalking hasbara troll who debated and lost every holocau$t” debate he has engaged in.

    [MORE]

    He also posts as ‘Thames Darwin’ demolished here:

    Alleged “mass graves” according to T. Darwin / Andrew Mathis

    https://forum.codoh.com/viewtopic.php?f=2&t=9414

    ‘Andrew Mathis on Dachau, Majdanek, Auschwitz, Treblinka’

    http://forum.codoh.com/viewtopic.php?f=2&t=9228

    AndrewnMathis, who also posts as ‘Thames Darwin’, gets shot down again:
    Anecdotal evidence & “holocaust survivors”

    http://forum.codoh.com/viewtopic.php?f=2&t=9238

    holocaust’ denial article by Andrew Mathis debunked here’

    http://forum.codoh.com/viewtopic.php?t=2816

    ‘Prof. Mc Nally dissects HHP’s Andrew Mathis’ bogus article’

    http://forum.codoh.com/viewtopic.php?t=2841

    ‘Holo. Hist. Proj.’s Andrew Mathis on Zyklon scent removal’

    http://forum.codoh.com/viewtopic.php?t=2499

    ‘Green, Mathis refuted / cyanide: lice, humans, & more’

    http://forum.codoh.com/viewtopic.php?t=267

    ‘Believer org. spokesman, Andrew Mathis, demolished in debate’

    http://forum.codoh.com/viewtopic.php?t=254

    ‘Holo. Hist. Proj.’s Andrew Mathis attempts damage control’

    http://forum.codoh.com/viewtopic.php?t=2498

    ‘Email from Andrew Mathis (The Holocaust History Project)’

    http://forum.codoh.com/viewtopic.php?t=1526

    ‘holocaust’ History Project to unveil section on Treblinka’

    http://forum.codoh.com/viewtopic.php?t=280

    • Replies:
  35. Parties interested in this dispute can read here:

Current Commenter
says:

Leave a Reply - Comments on articles more than two weeks old will be judged much more strictly on quality and tone



 
Remember
My Information
Why?

 Email Replies to my Comment

Submitted comments become the property of The Unz Review and may be republished elsewhere at the sole discretion of the latter

Subscribe to This Comment Thread via RSS Subscribe to All Michael Hudson Comments via RSS