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Why I am running for a parliamentary seat on SYRIZA’s ticket
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
yanisvaroufakis.eu / by yanisv /
Critical engagement is a form of praxis. But there comes a time when, to retain its relevance, critical thinking must transform itself into direct political action.
It was never my intention to enter the electoral game. Ever since the crisis began, I entertained hopes of maintaining an open dialogue with reasonable politicians from different political parties. Alas, the ‘bailouts’ made such an open dialogue impossible.
As the Eurozone’s inevitable crisis was addressed by a cynical transfer of banking losses onto the shoulders of the weakest taxpayers, politicians and commentators who tied their colours onto the so-called bailouts’ mast demonstrated precisely no interest in rational debate.
Instead of discussing, in the European Union’s fora, the nature of our systemic crisis, the powers-that-be were busy fiscally waterboarding proud nations, letting them take a few short breaths before submerging them again into the waters of illiquidity. Thus Europe began to lose its integrity and its soul, turning from a realm of shared prosperity to an iron cage, a debt prison, a form of Victorian workhouse.
At the economic front, this crisis-denial led to contagion in the sovereign bond markets, beginning with Greece where the combination of savage austerity and huge loans was tried and tested, before being exported to the rest of the Eurozone. Predictably (as this blog was illustrating day in day out) the contagion was only made worse, reaching Italy with extreme prejudice and forcing the ECB to step in in the summer of 2012 with Mr Draghi’s famous “whatever it takes” moment. Only the crisis never went away but, rather, it was transferred from the bond markets to the real economy, yielding vicious deflationary forces that have now rendered Spain, Italy and France fiscally unsustainable.
The post Why I am running for a parliamentary seat on SYRIZA’s ticket appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2015/01/09/why-i-am-running-for-a-parliamentary-seat-on-syrizas-ticket/
