Monday, February 01, 2016

at ~9 minutes and about 8 seconds he expounds the pending solution...,



RT | The former finance minister of Greece says people must work to save democracy from capitalism, otherwise the voracious economic system will completely devour the fragile political philosophy, he warned in a recent talk.

I was in attendance at a conference in Beirut last year when it was reported that Syriza, the left-wing Greek party, originally founded in 2004, had just done the impossible—or at least what we all thought was impossible. There was talk about ending austerity measures and Greece leaving the Eurozone: Grexit. Surely, a people’s victory in the US was just around the bend?

At that moment, I felt hope that Athens would lead Europe and finally the United States in a people-focused policy that rejected neoliberalism and the nostrums of banksters. Indeed, after Syriza surged in Greece, Podemos made its appearance in Spain; Jeremy Corbyn won the nod for leader of the UK Labour Party; a leftist governing coalition was voted into power in Portugal. Suddenly, it seemed that the people finally had austerity on the run. The events in Europe gave me hope for a resurgence of progressive politicians in the US.

And then the unthinkable occurred: Syriza dashed my hopes when they sat down at the negotiating table with Germany and the banksters to ease terms on the repayment of Greece’s debts to the EU. Yes, after the Greek people had voted Syriza into power, and then voted a resounding “No” to austerity policies in a referendum, Syriza was now at the bargaining table, agreeing to their demands. I couldn’t believe what I was witnessing: A real-time betrayal of its own values as well as the people by a political party created to be anti-austerity.