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Zero Hedge reports a story from “Keep Talking Greece” that first appeared in The Times http://www.thetimes.co.uk/tto/news/world/europe/article4624755.ece

According to the story, the plummeting living standards forced on the Greek people by German chancellor Merkel and the European banks have forced large numbers of young Greek women into prostitution. The large increase in the supply of women offering sexual services has dropped the price to 4 euros an hour. That’s $4.24, enough for a cheese pie or a sandwich, the value that bankster-imposed austerity has placed on an hour’s use of a woman’s body. The half hour price is $2.12. They don’t even get the minimum wage.

When one reads a story such as this, one hopes it is a parody or a caricature. Although the London Times has fallen a long way, it is not yet the kind of newspaper that can be purchased at grocery store checkout counters.

The story gains credence from the websites in the US on which female university students advertise their availability as mistresses to men who have the financial means to help them with their expenses. From various news reports, mistress seems to be a main occupation of female students at high-cost universities such as NYU.

The NYU girls have it far better than the Greek ones. The mistress relationship is monogamous and can be long-lasting and loving. Prudes make an issue of the disparity in ages, but disparity in age was long a feature of upper class marriages. Prostitutes have large numbers of partners, each possibly carrying disease, and they receive nothing in return except cash. In Greece, if the report is correct, the payment is so low that the women cannot survive on the money beyond lunchtime.

This is capitalism at work. In the US the hardship comes from escalating tuition costs, with 75% of the university budget spent on administration, rather than on faculty or student aid, and from the lack of jobs available to graduates that pay enough to service the student loans. These days your waiter in the restaurant might be an adjunct or part-time university professor hoping to get a full-time job as an actor. As mistresses, the NYU girls will be doing better.

ORDER IT NOW

In Greece the hardship is imposed from outside the country by the European Union, which Greece foolishly joined, giving away its sovereignty in exchange for austerity. The banksters and their agents in the EU and German governments claim that the Greek people benefitted from the loans and, therefore, are responsible for paying back the loans. But the loans were not made to the Greek people. The loans were made to corrupt Greek governments who were paid bribes by the lenders to accept the loans, and the proceeds often were used for purchases from the country from which the loan originated. For example, Greek governments were paid bribes to borrow money from German or other foreign banks in order to purchase German submarines. It is through this type of corruption that the Greek debt grew.

The story told by the financial media and neoliberal economists who shill for the banksters is that the Greek people irresponsibly borrowed the money and spent it on welfare for themselves, and having enjoyed the fruits of the loans don’t want to repay them. This story is a lie. But the lie serves to ensure that the Greek people are looted in order to make good the banks’ own mistakes in overlending. The banks got both the loan fees and the kickbacks from the submarine producers. (I am using submarine producers as a generic for the range of outside goods and services on which the loans were spent.)

In Greece the loans are being paid by money “saved” by cutting Greek pensions, education and social services, and public employment, and by money raised from selling off public assets such as ports, municipal water systems and protected islands. The cutbacks in pensions, education, social services and employment drain money from the economy, and the sale of public assets drains money from the government’s budget. Michael Hudson tells the story brilliantly in his new book, Killing The Host.

The result is widespread hardship, and the result of the hardship is that young Greek women have to sell themselves.

It is just as Marx, Engels, and Lenin said.

One would think that people everywhere would be outraged. But to most of those who commented on Zero Hedge it is just something to make crude jokes about—“think about it, Viagra costs 4x the cost of pussy.” “Sure beats dating and taking a girl to dinner.” Those who represent the vaunted “Western Values” see nothing to be outraged about.
http://www.zerohedge.com/news/2015-11-28/meanwhile-greece-price-prostitute-drops-€4-hour

The percentage of pro-Western Russians who look to the West for leadership must be rapidly approaching zero.

What’s more important? The dignity of women or another billion dollars for the banksters?

Western “civilization” has given its answer: Another billion dollars for the banksters.

(Republished from PaulCraigRoberts.org by permission of author or representative)
 
• Category: Economics • Tags: EU, Greece, Prostitution 
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  1. What is most hurtful here is that the Greeks voted for change, but got more of the same with an extra helping of worse.

    When civil political discourse ends, what next?

  2. MarkinLA says:

    Are Greek girls prettier than those in the Ukraine? The Ukrainians are pretty hot so that might be why the price is so low in Greece.

    • Replies: @Kiza
  3. Since Roberts attributes these ills to capitalism, has he become a socialist/communist? Has he repudiated his participation in a capitalist/imperialist government?

    • Replies: @MarkinLA
  4. This is known as getting it, Greek style.

    • Replies: @Kiza
  5. attonn says:

    Why should vagina cost more than 5 bucks/hr? It’s just a commodity and there is a definite oversupply. As soon as Japanese make a life-like sexbot, the price will plummet to near zero.

    • Replies: @Orville H. Larson
  6. MarkinLA says:
    @Stephen R. Diamond

    Actually, this isn’t really about capitalism at all, it is about a parasitic form of statesmanship that encourages countries to go into debt so deeply that it can never be repaid to force the government to bend to your wishes as was asserted by the book “Confessions of an Economic Hitman”.

    There was no way Greece was ever going to pay back those loans and yet they were made. Where is Goldman Sachs liability in this for cooking the books for Greece? Certainly the Greek government is complicit because they knew all of this but so did anybody in the EU and Germany who really wanted to find out.

    This would be like a bank lending money to a business knowing it will never be paid back and foreclosing on the business to buy it on the cheap. The only place you would see this today would be some “investment group”.

  7. Kiza says:
    @MarkinLA

    I hope your sister is good looking too. When she gets on the strip, I will look her up. For $4 per hour, of course.

  8. Kiza says:
    @Fran Macadam

    The same way you are getting your Macadamia nuts?

  9. More time and effort complaining about a symptom of the real problem: government.

    This isn’t happening because of an absence of government, but because of the nature of government.

    So good work dupes, keep going until civilization ceases to exist..

  10. @attonn

    “Why should vagina cost more than 5 bucks/hr? It’s just a commodity and there is a definite oversupply. . . .”

    Yeah, well, sometimes even the high-price chicks can be induced to reduce their “fee,” as it were. During America’s Bicentennial in 1976, they say the trollops reduced their price to $17.76–but they only charged that rate to Minute Men.

  11. Anon • Disclaimer says:

    Greece is to be blamed. It had the chance to renege on the loans and leave EU. It did neither.

  12. tbraton says:
    @MarkinLA

    “There was no way Greece was ever going to pay back those loans and yet they were made. Where is Goldman Sachs liability in this for cooking the books for Greece? Certainly the Greek government is complicit because they knew all of this but so did anybody in the EU and Germany who really wanted to find out.”

    The reason Greece had to pay so much to the brilliant people at Goldman Sachs was so they could they could use their brilliance to fool the brilliant people in the EU and Germany. Reminds me of the old joke about the businessman who interviewed a long list of accountants but only asked one question: “How much is 2 + 2?” They all answered 4 and were immediately dismissed. Finally, the businessman hired the accountant who answered: “That depends on what you want the answer to be.”

  13. Graham says:

    ” Although the London Times has fallen a long way, it is not yet the kind of newspaper that can be purchased at grocery store checkout counters.”

    1. There’s no such newspaper as the London Times. You’re probably referring to The Times, which is published in London. You could call it The Times (London), I suppose.

    2. You can in fact buy it at grocery store checkout counters, or at least within 5 feet of the checkout. This is true of my local Waitrose.

    3. Yes, it has fallen a long way, but it wasn’t that good in the 1970s either, when I went through a period of buying it every day.

  14. Jmaie says:

    A bit hyperbolic I think. Money is fungible – the Greek government wanted submarines but had promised welfare, and so borrowed to buy the submarines because cutting welfare was politically unpalletable. If the Greeks were too stupid (and/or their leaders too venal) it is still on them. If I have too large a house for my income, nobody pointed a gun at my head and forced me to sign the docs.

    And if you’re looking to Zerohedge for a kinder gentler commentariat is, well, you need to get out more ;<)

    Cheers.

  15. @MarkinLA

    Actually, this isn’t really about capitalism at all, it is about a parasitic form of statesmanship that encourages countries to go into debt so deeply that it can never be repaid to force the government to bend to your wishes as was asserted by the book “Confessions of an Economic Hitman”.

    That’s what banks do – as they did in the U.S. to rob mortagers. When the banks dominate the economy and hence run the state – inevitable as capitalism develops – they apply the same tactics to other states.

  16. Kiza says:

    Yes, the scheme is quite simple. The corrupt leadership of a country signs up on loans that the country does not need, the money never even comes into the country, then gets transferred from one account in the West into several accounts in the West. On rare occasions some over-priced goods are delivered (e.g. submarines).

    The morons here are ready to accuse the Greek people either of laziness, or of enjoying the loans or of “electing” a bad government. But Greece is as democratic as any Western country – you can only vote for the Crook Team A or the Crook Team B, in one party two brand system. And both work for the same foreign crooks. The Greeks could never elect anybody honest, even to exit the EU and go back to Drahma. It is the system which is crooked, not the Greek people.

    Finally, this bottom of depravity Western garbage here cannot understand that it is ordinary Greek (or Ukrainian) girls who have to prostitute themselves to survive or for their families to survive, because there are no jobs at all for men or women. In the West, there are only professional prostitutes and students, who prostitute themselves usually once a week or have sugar daddies.

    PCR was too generous calling them Dumbsh** Americans. Gloating at others’ misfortune and poking fun at Greek women, they will eventually get something similar back, I am sure.

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