[paraclete]

Well Tom think back to when it was unfettered and the result was a slave labour system it took a civil war to unseat and still the capitalists long for the days when labour could be bought and sold and right now they let the chinese do it for them. You just have a short memory or a convenient one

[paraclete]

Greece bailout: Alexis Tsipras accepts 86-billion-euro bailout from eurozone leaders after 17 hours of talks - ABC News (Australian Broadcasting Corporation)

The EU said OXI to Grexit and the result, The greek government stripped of assets, increased taxes and more austerity, that is how the exit was avoided. Democracy is dead in Greece as Europe effectively takes over government. A heavy price to pay but an effective lesson? we will see. The greek government sought a haircut and the greek people will be given a haircut, I would say a number 2 with a pair of electric clippers..

This is another case of something being too big to fail, Greece should have been allowed to fail. This is about european governements not needing to book the losses of loaning money to failed nations. They have an immediate opportunity for growth and they don't see it. Greece is a destination for refugees, so establish the resettlement camps in Greece. This would give immediate employment to unemployed greeks and with all those islands they have the opportunity to isolate the refugees from further travel and disruption of the european economy

[tomder55]

All they really need to do is create an environment favorable for all the John Galt types ,that they drove out of their country with their socialist policies, to return .

[paraclete]

So you think they should invite the capitalist entrepreneurs in to rape and pillage or perhaps you prefer a more ordered economy

”Of all tyrannies a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies…” – C.S. Lewis

I expect the Greeks have experienced both outcomes and they voted OXI to the busibodies

[tomder55]

They drove the investor class out of their country and then wondered why their economy tanked .

[paraclete]

I doubt you have any real evidence of that, the existence of state owned enterprises doesn't mean absence of investors, merely that they don't have the capital or the inclination for risk, a problem for small nations with unstable political systems. My own nation is an example of how state owned enterprises can be used as a nation building tool which will give way to private enterprise when a sufficient mass of capital is achieved. There is no doubt Greece must achieve labour market reform and a lessening of reactionary politics