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Why Paul Krugman is Wrong, and the Greek Syriza-led Goverment Will Fail
A multi-partisan activist group established to expose and resist US imperialism, corpora-terrorism, and the New World Order
CLG exclusive Rec Report: Why Paul Krugman is Wrong, and the Greek Syriza-led Goverment Will Fail By Michael Rectenwald, Ph.D. | 1 Feb 2015 | In his recent nostrum for the EU upon the election of the Syriza government in Greece, Paul Krugman is both right and wrong. Usually he's merely wrong. But here he is partly right, because the situation involves debt and credit within a putatively democratic union of sovereign states. Within that supposed union, the question is whether the larger whole will pay a greater price for the survival of a member (Greece). If not, the democracy of the EU is a farce, as is the election in Greece of national leadership opposed to austerity. So far, so good. But Krugman is wrong when he fails to notice that the Central Bank of the EU is subject to the same crisis of capitalism that is plaguing the global economy.
Source: http://www.legitgov.org/Why-Paul-Krugman-Wrong-and-Greek-Syriza-led-Goverment-Will-Fail-0
