Heruka wrote:greg you might be interested in this..
the confessions of an economic hitman.
its a very good read.
I saw an interesting documentary where an economic hit man working here in Greece, to destabilise the economy and bring about the current situation so that the profiteers could make their killing off of the backs of the working people, confessed and uncovered all his dirty deals. He was an American working out of the US consulate here in Greece*.
Knowing this did not/can not change the current economic situation.
People are not interested in learning anyway, a soon as they see the slightest opportunity for profit...
When I first came to Greece from Australia in 1996 it was just after the orchestrated stock market "crash" in Australia which was followed by a period of neo-liberal economic policy. Greece was still living its "socialist" period (like Australia had under the Australian Labour Party governance).
It was like stepping into a economic/political time warp. The stock market was being fiddled with in order to encourage small investors to throw their money into high risk (and high profit) stocks, the news broadcasts read like stock reports, stock brokers were popping up everywhere (I was living in a rural town of 3000 people and there were two stock brokers offices with live feeds!), farmers were taking their agricultural subsidies and gambling them on high risk stocks, etc...
I was like: “people, this and this is going to happen, you are all going to lose your money, better to invest in low risk stocks bringing slow and steady profits, etc...”
Did anybody listen to me? NO!
Then, one day, completely “out of the blue”, major stock holders started to sell off large holdings, the small guys had no idea of what this meant and kept holding onto their stocks hoping that profits would start to increase again. Yeah, like for sure! After all those who were “in the know” had drained all the money out of the stock market all the goat herders were left holding onto their weeners.
This started the downward spiral that has lead to the current economic tragedy where the socialist party is being “forced” to implement neo-liberal policy otherwise the IMF and EU won’t loan them money to fund the functioning of the state. In Australia it was a little different because it was a neo-liberal government looking to implement it policies and requiring a reason to justify its policies. The outcome was/will be the same: concentration of wealth and capital in even fewer hands, lower standards of living for the rest of the population.
Australia came out of its slump by expanding their mining industry, here in Greece it is all set up in order to “force” the government into petroleum exploration in the Aegean Sea. Of course the government won’t have the capital to fund it so the rights (and the profits) will go to the large multi-nationals (again) and since these companies operate off-shore the government won’t even gain from taxes that could have been imposed.
One major flaw in this plan is the role of Turkey. You see the petroleum deposits are in the sea, and some of the deposits lie in areas that, according to international laws on sea boundaries, can be claimed by both states. Imagine that here, on the island Lesbos where I live, the Turkish coast is less than 4 miles away! Then, of course, there are the ecological consequences if an oil spill happens in the Aegean Sea, add to that the fact that a large proportion of Greeces foreign income comes from tourism (sun and sea). It’s a catastrophe in the making.
Apart from revolution, there is no way of stopping this plan from becoming a reality.
*This detail i edited later into the post coz I forgot it.