...
"It is hard to advise Greeks how to vote on 5 July. Neither alternative
– approval or rejection of the troika’s terms – will be easy, and both
carry huge risks. A yes vote would mean depression almost without end.
Perhaps a depleted country – one that has sold off all of its assets,
and whose bright young people have emigrated – might /finally /get debt
forgiveness; perhaps, having shrivelled into a middle-income economy,
Greece might /finally /be able to get assistance from the World Bank.
All of this might happen in the next decade, or perhaps in the decade
after that.
"By contrast, a no vote would at least open the possibility that Greece,
with its strong democratic tradition, might grasp its destiny in its own
hands. Greeks might gain the opportunity to shape a future
<http://www.project-syndicate.org/commentary/new-beginning-for-greece-eurozone-exit-by-dennis-j--snower-2015-06>
that, though perhaps not as prosperous as the past, is far more hopeful
than the unconscionable torture of the present.
"I know how I would vote."
http://www.theguardian.com/business/2015/jun/29/joseph-stiglitz-how-i-would-vote-in-the-greek-referendum
--
==== */Research in Political Economy/
<http://www.emeraldinsight.com/books.htm?issn=0161-7230>* (since 1977) |
Editor's *webpage <http://www.acsu.buffalo.edu/%7Ezarembka>*
/*Sraffa and Althusser Reconsidered; Neoliberalism Advancing*/ (2014)
/*Contradictions: Finance, Greed, and Labor Unequally Paid*/ (2013)
/*Revitalizing Marxist Theory for Today's Capitalism*/ (2011), with R.Desai
/*The Hidden History of 9-11
<http://catalog.sevenstories.com/products/hidden-history-of-911>*/ (2nd
ed., Seven Stories Press)
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