Sunday, June 17, 2012

Greece: What Can be Done?

By James Petras

"Introduction: Greece faces the unenviable choice between accepting the terms of “the Troika” and facing the continuation and deepening of a socio-economic crises, which includes five years of negative growth, over 23% unemployment, an astronomical rise in poverty (from less than 15% to over 40%) and mounting suicides, or a rejection of the “memorandum”, and a likely cut-off of Eurozone funding and capital markets with virtually few reserves to cover salaries, pensions or public services.....


SYRIZA has been raised to a serious contender for state power by the most devastating capitalist crises to affect a Western European country since WWII. It gained adherence through its dynamic grass roots organizing and the relative cohesion of its disparate components. It’s clear and forthright exposé of the corruption and pillage of the dominant parties and its image as a party with ‘clean hands’ has propelled it forward among a broad spectrum of classes, regions and generational groups. However, the very depth of the crises, the total pillage and emptying of the treasury by the kleptocratic political-business class and the dismantling of the entire productive sector and the transfer of billions of Euros abroad by the millionaire rentier class, has created an immensely difficult terrain from which to launch the necessary transformation. The new government can and must guarantee the sovereignty of the nation by rejecting imperial dictates and end any further degradation (“austerity”) of the Greek people. Emancipation requires that first and foremost the new leadership takes the lead in making sacrifices: cutting out all the perks of office, salaries and overseas commitments. The new social priorities demand severe cuts in military budgets – bases, NATO, arms purchases. The new leaders must tell the Euro-bankers to collect payments from the accounts of the overseas billionaires who borrowed, bled the country and are now sheltered in the same banks.
The Left must move from criticism to practical deeds; from theorizing to creating jobs! Greece with a new government can put an end to open-ended austerity and decay. It can and must change its place in the international economy. In the final analysis, it is Greece’s last best hope."

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