Wednesday, June 29, 2011

Cranky Crybabies... Greece (Yahoo! News)

I am not sure what these people are expecting.  I am guessing that in schools they didn't teach fundamental economics - that a country cannot ultimately pay out more than it earns and expect to remain fiscally solvent. I am sort of curious as to what kind of employment is the norm there and how so many came to the expectation that they can retire at a (relatively) young age and just go on the dole forevermore.  

I am also curious as to how long it will be when the same kind of large-scale crankery is going to show up here in America.  We have seen it in small-scale form with Wisconsin; I would venture to say that the next place is California or one of the northeastern states.  Whether or not it becomes widespread remains to be seen, but if it does, it's going to be nearly identical to what we have seen in Greece.

Part of the problem of course is the government of Greece, which has enabled this kind of dependency on the part of its citizens.  You can't spoil children for years and decades and then all of a sudden cut them off without expecting a negative reaction.  I'm not saying that the protesters are right or even deserving of a sliver of sympathy, but the Greek powers that be had to know this was coming, and they still didn't do anything until their backs were against the wall.  Better late than never, I suppose, but it makes things a lot more painful that it needed to be.  

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