Austerity in Greece a Remedy not a Punishment for Self-made Ills

By Con George-Kotzabasis September 23, 2016

My short reply to a political theorist of the Jurgen Habermas School of Critical Theory

It is rather surprising to see a votary of Jurgen Habermas in using an analytic blunted tool that leads to the false inference that malevolent Europeans wilfully imposed upon Greece austerity measures to punish it. The truth is, that these measures were saddled upon Greece as a result of a consumer’s binge and an exuberance of public spending, fuelled, by a profusion of borrowed funds which inevitably pushed Greece into the quagmire of bankruptcy. Austerity therefore and the economic structural changes imposed on the country were a remedy, not a penalty, for the self-inflicted ills that past government policies, mainly of Pasok, engendered.

My question is, why you have not mentioned anything of the pledges, that Kyriakos Mitsotakis had made in his speech at the Exhibition of Thessalonica last Saturday, with their great potential to pull Greece out of its long economic crisis. In my opinion, a government, under the strong and astute leadership of Mitsotakis, will pull Greece out of its immiseration—as the Samaras government was close in achieving. An immiseration that the totally inept Tsipras government is exacerbating, with its historically obsolete neo-Marxist fixations and panaceas.

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On Wise Vote of Undecided Hangs Hope of Greece

The conjunction of dreaming and ruling generates tyranny.

Michael Oakeshott

By Con George-Kotzabasis January 22, 2015

All the pre-voting polls show that the radical party of Syriza leads the liberal party of New Democracy by three to four percentage points up to this moment. This is because a sizable part of the electorate has been gravely wounded by the austerity measures of the Samaras’ government that were necessary for Greece’s economic resurgence, and therefore has been easily duped by the populist spurious promises of Syriza in its fixed-all campaign that will presumably pull out the country from the quagmire of austerity. If there is no reversal of this lead of Syriza in the next few days, then this party of neo-communists by taking power will throw the country into the vortex of economic destruction and bankruptcy, as a result of their barren, sinister, and deadly ideology, whose consequences will plunge Greeks into mass poverty and political enslavement for at least a generation.

This intransigent Marxist ideology is readily encapsulated in the  preannounced inflexible and inexorable hard stand of Syriza’s position toward the negotiators of the Troika, i.e., the lenders of Greece, by threatening to repudiate and shred basic tenets of the second Memorandum that had already being agreed by the Greek government and its European partners. The latter have made it limpidly distinct that any action by a future Greek government that would imperil fundamental clauses of the Memorandum, could lead to the cessation of funds going to Greece that are so vital for the economic stability and resurgence of the country, and indeed its survival. Hence any unyielding rigorous stand on the part of Syriza’s negotiators with the European Union would lead to the economic rigor mortis of the country. Therefore, the elections of Greece next Sunday are tragically Shakespearian, “to be or not to be.”

Is there a force that could prevent this tidal wave of Syriza from destroying the country? My answer is in the affirmative. It is the force of intelligence that is embodied in that part of the electorate that has not decided as yet for which party to vote next Sunday. The major part of this undecided part of the voters consists of former supporters of New Democracy who are grievously angered with the policies of the Samaras government but who nonetheless perceive the small improvement in the economic magnitudes that have been accomplished by these policies in the short span of two and a half years since New Democracy was elected. It is inconceivable to imagine that these voters will let fly the one bird that they have in their hand for the two birds in the bush promised by Syriza. Nor could one imagine that this middle class would cut their nose to spite their face and vote for the neo-communists. It is on the wise vote of the undecided part of the electorate that hangs the hope of Greece. The return of New Democracy into the government benches under the insuperably strong and astute leadership of Andonis Samaras will ensure that Greece will overcome all obstacles to its economic recovery. In times of severe crises only the strong and intelligent can indulge in hope.

Barbarians Inside the Gates

The following paper was written on October 9, 2004. It’s republished here as a result of the ominous events occurring in the north-west of Iraq and the capture by fanatic Islamists of Mosul and their proclamation of a Caliphate. It is noteworthy that many of its jihadists are citizens of the USA, UK, Europe, and Australia.

By Con George-Kotzabasis 

A deadly Trojan horse has been placed in the midst of the metropolises of Western civilization and, like Troy, is threatening its destruction. Throughout Europe, North America, and Australia, the belly of this deadly Horse is already bursting open delivering and unleashing a horde of fanatic barbarians on the cities of the civilized world, whose holy agenda decrees the wiping -out of Western institutions and their open, tolerant and free societies, and the genocide of their peoples by the fire of Allah’s hell.This is the nightmare scenario that countries of the economically developed and free world are facing as a result of their humanitarian and generous, but replete with folly, immigration policies that allowed such vast numbers of mostly unassimilable Muslim immigrants with ‘exponential’ birth rates, to become permanent residents and citizens of their countries. (In the Netherlands almost one third of children under the age of thirteen are Muslim. No wonder that the great Islamic scholar Bernard Lewis argues, that “Europe will be Islamic by the end of the century”.) As inexorably, not an insubstantial number of these Muslims of the diaspora will become terrorist – fodder for the likes of bin Laden, as Mohammed Atta, the Western educated ringleader, as well as so many other terrorists who have been also educated in Western universities, as the murderous group of 9/11 has shown, whose terrorist cell was hatched in Hamburg Germany. This is especially so for many young unemployed Muslims in the West, who have been brought up within the strict confines of their rigid religion and who are therefore psychologically more susceptible to the calls of their fundamentalist imams for a Jihad against the infidels, making them therefore prone to become martyrs in this holy war against them. Hence the terrorist barbarians are not at the gates of civilization but inside its gates.

September 11 was a wake up call to all governments of the democratic world to the mortal threat that Muslim fundamentalists posed to their peoples. However, despite the exploding sound of this call, only a few governments are willing to recognize this great danger -whose gathering dark clouds teeming with lightning bolts are hovering over the cities of the world threatening their peoples with total annihilation -and stand-up against it. Apparently, only a handful of them have the intellectual capacity, imagination, and historical insight to perceive this great danger, and the resolve and moral mettle to take the necessary relentless measures and actions to prevent this catastrophe of biblical proportions from happening. America, Britain, Australia, Italy, Poland and the thirty other countries who have deployed their armed forces to fight global terror in Iraq under their politically and morally strong and historically savvy leaderships, will be acknowledged and renowned by history as the countries that saved Western civilization from this lethal attack by this horde of fanatically necrophilous barbarians. The no quarter given, relentless retaliation of these governments to this existential challenge of global terrorism to the civilized peoples of the world, will be totally justified by future historians, as has been the stand of those nations who fought against Nazi and Communist totalitarianism and who made the necessary and stupendous sacrifices to save the world from these two regimes of evil in the Twentieth century.

 

DESPITE US ERRORS AN WITHDRAWAL IS UNTENABLE

Even if one concedes that serious mistakes have been made by the Americans post March 2003 after the defeat of Saddam, which was part and parcel of the war against global terror, such as indiscriminately disbanding all Iraqi military units, and not dealing with the incipient insurgency of urban terrorists last April by using overwhelming force against it and nipping it in the bud, instead of ceasing their military offensive, as they did in Fallujah, and passing the control of that city to a former Iraqi general, who proved to be completely inept in disarming the insurgents. The strategic goal of the military planners against the insurgency, should have been the prompt and devastating defeat of the insurgents in this city, either by their mass capture or mass annihilation, which would serve as a deadly example to all other insurgents in other hot-bed provinces in Iraq, with the high probability that this would have led to their complete demoralization and surrender, as I had suggested in a previous paper of mine last April, which was sent to the U.S. Embassy in Canberra. (It seems now that the Pentagon is using exactly this strategy, as the capture of Samarra by American and Iraqi forces and the elimination of the insurgents, has shown.) As the outcome of this erratic implementation of the Pentagon’s military plan, by starting an offensive against the insurgents and then stopping it halfway before achieving its goals, Iraq has now become “the crucible of global terror”, to quote Tony Blair. This is the glaring fact that all governments who have committed themselves to fight global terror are presently confronting.

To turn tail and run now from Iraq would not be merely foolish, it would be the greatest military error against the war on terror, as it would deliver a tremendous victory to the terrorists on a global scale. It would reinforce in the minds of the terrorists, as the withdrawal of US forces from Beirut and Mogadishu had done, as a result of the casualties Americans had suffered in these two cities, by presidents Reagan and Clinton respectively, that America and other Western nations lack the resolve to stand-up to them and fight, and will induce them to be even more lethally aggressive against the ‘cowardly’ West. Hence the critics and opponents of the war, who blame the Bush administration for exacerbating terrorism in Iraq and call for the US withdrawal from Iraq, are purblind and cannot see that such action would be the greatest error that one could commit against the war on global terror. It would surpass by a great order of magnitude all the mistakes that the Pentagon committed in Iraq. If indeed the opponents of the war are right, that the US incursion of the country and the overthrow of Saddam has strengthened and intensified terror in Iraq, then the reasonable course for nations who believe that there is no other alternative but to fight and defeat this global menace, would be for these nations to deploy their armed forces in Iraq and inflict a deadly blow on global terrorism, by defeating the insurgents decisively. Or if they are unwilling to spill the blood of their own soldiers, they should at the least support morally and politically the soldiers of the nations, i.e., the American – led coalition, who are brave enough to sacrifice their own lives in the cause of global security and freedom.

This would be the wise course to follow, to correct the mistakes of the Americans, instead of aggravating and compounding these mistakes, by running away from Iraq, and in spite of these errors (in all wars errors are made ), to unflinchingly support America in this historic and deadly confrontation with these medieval barbarians, whom only America’s military might can defeat comprehensively, among all other nations in the world.

 

THE ENEMY WITHIN

But the war against global terror and Muslim fanaticism will not be won, unless the governments who have pledged themselves to fight global terror also deal with and tackle the cunning and deceitful enemy that lies within their borders. To carry out this far from easy task, these governments have to realize that they can no longer be tolerant, on the basis of laws of non-discrimination on religious grounds, to the breeding grounds of terrorism that entangle, ivy-like, the edifices of Western cities, i.e., the mosques and Islamic schools, of whom a minority of, but highly influential, imams and teachers, preach hate against the mores of Western civilization and of their peoples, inciting young Muslims to enlist in a holy war against the Great Satan, America, and on all other nations that embody the cosmopolitan values of Judeo-Greco-Roman civilization.

The cardinal question therefore is, how to sterilize and make barren the breeding grounds of terrorism that are ensconced in the cities of the West whose deadly offspring are the enemy within. Since the idea of repatriation and resettlement by means of a monetary incentive for millions of Muslims, who have now made their home in Western countries, is no longer feasible – fathered by that prophet of British politics Enoch Powell, who in his Birmingham “Rivers of Blood” speech on April 20 1968, clearly and ominously predicted the deadly conflicts that would arise between Britons and British citizens of colonial background who had settled in England, and who with prescience had opposed the so called humanitarian immigration policies of both Labor and Conservative governments – one has to consider other lines of action. One of them would be the immediate cessation of funding these mosques and schools by governments, unless the former adopt in their curricula a primary undiluted course of ‘no leaks’ assimilation for their students to the mainstream culture of the nation that they have chosen freely to live in, and put an end to all ‘traffickers’ of the disastrous policy of multiculturalism, which with mathematical precision divides a nation. Another one would be the swift passing of special, indeed emergency, legislation that would make it easier for the police and for the relevant government officials to jail or deport, radical imams and teachers who propagate, either openly or cunningly and insidiously, a holy war against the West. Furthermore, to attenuate and diminish the high birth rate of Muslim families, governments should introduce a policy of negative incentives, which could stop this high birth rate such as paying to all families of the nation, children’s allowances up to the number of four children. Any children born beyond that number would not be entitled to any allowances. Nor would any allowances be paid to children born from a second marriage, whose fathers or mothers already have four children from their previous marriages. This measure would bring the birth rate as close as it is possible to the common standard of Western societies and to the ethos and aspirations of motivated modern nuclear families. It would also stop the ‘racketeering’ of phony separations and single motherhoods, whose deliberate purpose is to abuse and defraud the system of family payments, and whose side – effect is, the perennial continuation of voluntary unemployment among this group of men and women. 

Undoubtedly, these harsh measures will raise a hurricane of protests from Muslim organizations of the diaspora and from Muslim states. This will be followed by a chorus of international lawyers and of the liberal intelligentzia from the well-heeled countries of the West, who will denounce these measures as brutal and heartless to poor families, viciously racist, and chauvinistic, striking a terrible blow to democracy and opening the way to an authoritarian state and even worse. But this soft potpourri of legal and intelligence gnomes are unwilling to recognize, and it might be beyond their depth, that the grossly mistaken immigration policies of the nations of the West are now coming to haunt them with their destruction. And the only way to prevent this destruction is for the governments of these nations to take tragically severe measures to correct this gross mistake of past governments that now threatens their peoples with extinction, either by weapons of mass destruction or by the upshot of demographics.

 

DEFEAT OF TERROR LIES IN ITS LACK OF SUCCESS

One must recognize that the terrorists are technically educated barbarians, with PC’s in one hand and with the distorted fragments of the Koran in the other – who consider it to be the only fountain of knowledge – lacking the open- mind of a universal education; unread in the great writings and literature of all peoples and of all ages; mentally untouched by their rich Arab culture, literature and philosophy; unread in the great philosophical writings of Al-Farabi, who placed rationality above the revealed truth of the Sharia nor in the equally brilliant writings of Ibn-Sina (Avicenna ) and of Ibn-Rushid (Averroes ), who both placed human reason above religion, and of Omar Khayyam, who never believed in Providence or in any other World but this one, valuing the sensual pleasures of this world as the fill to the brim of life. Being ignorant of the existence of this great Arab intellectual treasure, that was an essential element of the cornerstone of Western civilization and of the Italian Renaissance, their minds locked in the fanaticism of fundamentalist Islam and its death-cult, they have no respect for any other peoples’ religions except their own. Instead they zealously believe that the followers of all other religions are destined to go to hell and only Muslims will enter the gates of infinite paradise, especially if they are anointed by martyrdom. It is of such stuff that these implacable enemies of Western civilization are made.

Confronting such suicidal fanatics, who fervently believe that the West and its Great Satan, America, are responsible and culpable for all the ills that have befallen upon Muslim countries; determined to destroy this source of evil by chemical, biological and nuclear weapons, as soon as they are in their possession, the political leaders of the West, and especially of America, are deprived of any soft options and are forced to take on the hard option of the “unsheathed sword”
The art of diplomacy, the laudable deliberations of the United Nations for peace making, which could be effective when one deals with a rational foe, are totally ineffective when one confronts an irrational enemy, whose only ‘rational’ communication, in his hearing, is with God. That is why the academics who teach their students the ‘management’ of terrorism by a diplomatic demarche as the only rational way to counter and thwart it, rather than war, which is so costly in human and economic terms and without making certain its defeat, are not only starry-eyed, but also debar themselves from the disciplines of politics and of war strategy. Management presupposes and involves rational processes, which to the terrorists is terra incognita, and therefore with algorithmic precision is bound to fail.

But wherein lies the answer to this conundrum of how to defeat global terror and its state sponsors? History’s edict provides the clear and indefeasible answer to this intricate issue. When a nation fights a swarm of religious fanatics, depriving these fanatics of the ability to launch successful operations against their enemies is the most effective way to defeat them, as the terrorists, being no longer successful in their attacks against the West and in their attacks against the American-led coalition in Iraq, will find the “mouse of doubt” implanted in their hearts (a doubt whose epiphany will reveal to them, that after all they might not be in God’s favor) gnawing, slowly but surely, at their belief that they are the instruments of Allah. This, in itself, will compel them to abandon their cause.

And this is why the successful outcome of the war in Iraq for the U.S. – led coalition and the introduction of democracy to its ravaged people, is of such vital importance. The decisive defeat of the terrorist insurgents will unfold a dawn of a bright future for the people of Iraq, and also commence the beginning of the quick end of global terror.

I rest on my oars:your turn now

 

 

 

If Conventional Economic Weapons Can Work “Nuclear Option” is Out

The Samaras Government  by stupendous, sagacious, and painful efforts, and by using “conventional economic weapons,” is pulling Greece out of its economic crisis. For the first time after four years, Greece this week will be able to borrow funds from the international financial markets.

I’m republishing this short reply that took place early in 2012, for the readers of this blog. 

By Con George-Kotzabasis

A reply to Bruce Wilder, suggesting default for Greece and Italy as the remedy for their economic crisis.

In serious discussion it is wise to enter it carrying a sieve in one’s hands to separate the wheat from the chaff.

Your crystal clear “efficient calculating machine” that would implement your proposal of default, would be no other than a wise, brave, imaginative, and humane technocrat. So what exactly you have against technocrats? They are OK if they adopt your plan and only transported to Hades in toto for their ‘mortal sins’, if they don’t! Default was and is always an option. The distinguished economist Deepak Lal and exponent of the Austrian School of economics, long ago suggested such a schema. Lucas Papademos and Mario Monti, Prime Ministers of Greece and Italy respectively, both presumably have this option in their arsenal to be used as a last resort if everything else fails. But before they use this ‘nuclear’ option, they must try, and be given the right by all objective analysts and commentators, to resolve this economic crisis by ‘conventional’ means that could avoid a default which would open a big hole in their countries GDP and throw their people into pauperization for decades to come.

 

The Gravitational Force that Pulled European Nations into a Black Hole

As the superb and strong statesmanship of Antonis Samaras is pulling decisively Greece out of its economic crisis, I’m republishing this piece that was written in the midst of 2012, for the readers of this blog.

Government intervention always wills the good and works the bad.

By Con George-Kotzabasis

The European Union’s sovereign debt crisis was neither an act of fate nor an act of a free self-dependent man but an act of deluded ideology whose sails were blown by the long-lasting winds of government dirigisme, i.e., intervention, and welfare dependency. Once again it was the work, the social engineering, of the bien pensants in the form of a state directory of planning that would put a floor of security for the masses and protect them from falling into abject economic privation that was always, according to their thinking, the omnipresent and inevitable result of the unjust, harsh, and unequal regime of the capitalist competitive free market. The trouble was that this floor was made out of straw and at the first jump of an economic crisis–whose seeds were planted by government intervention,  loose monetary policy and low interest rates–would open a gaping hole through which this security would disappear and drown in a massive pool of unemployment and poverty.

The Eurozone’s one dimensional foundation of monetary union without banking and fiscal union could not sustain the European edifice in the long run with the differentiating regime of taxes, social benefits, and pensions that existed among its constituent states. The proliferation and prodigality of unsustainable Entitlement Economies, which have been the characteristics of the welfare states of Europe especially in the south, could not have been continued without cracking the economic underpinnings of the Eurozone. Also, the European Central Bank’s enabling of low risk premiums on interest rates of government debt, encouraged Greece, Portugal, Spain, Italy, and Ireland to go on an orgy of borrowing and overspending. The inevitable outcome was a stampede of budget deficits that were unsustainable and the eventual loss of all credibility in the financial markets that the afflicted States would be able to pay back their debts and thus the shutting out of the latter from the global financial lending pool.

Since no private person would hazard to lend money to states lassoed in sovereign debt the only alternative left was for the richest countries in the Eurozone, such as Germany, to become the lenders and continue to finance the former for their economic survival. But such help would be given under very severe terms encapsulated in strict Memoranda to the receiving countries with the stipulation that the latter would adopt and implement stringent austerity measures that would decrease substantially government expenditure, would restructure and reform their economies making them more competitive, and privatizing public enterprises, whose inefficiency and lack of a diligent working ethos can only be sustained by a continuous expensive staple of government subsidies.

These austerity measures, however, whose formulators have been the European Commission, the European Central Bank, and the International Monetary Fund, the so called Troika, are forcefully rejected by the people of those countries who for decades have been inured to the social and economic comforts and benefits engendered by the reckless spending of their governments, and are refusing to accept any cuts to these benefits even when some are aware that the latter can no longer be provided since the governments’ coffers are empty and the convenience of funding these benefits by borrowing, as they have done in the past, is no longer available due to their nation’s sovereign debt. Moreover, these austerity measures initially had not being complemented with policies of economic development and thus led to the worsening of the economic conditions of those countries that adopted them, such as Greece, leading to unprecedented massive unemployment by the closure of large and small business enterprises and to the smashing of the middle class which is the cornerstone of free societies.

This situation is dangerously engendering the fragmentation of social cohesion in those countries and giving rise to political parties of the extreme right and left, coming out of the foam of waves of violent demonstrations that imminently threaten democracy. A latest illustration of this danger are the attacks by petrol bombs and other incendiary devices by hooded youths of anarchists and extreme leftists in Greece against the homes of outspoken journalists, offices of the governing coalition of New Democracy, Pasok, and the Democratic Left, and the burning of Bank’s ATMs. And of particular significance are the attacks on journalists, which are a blatant violation of free speech and a sinister attempt to intimidate them from expressing their opinion about events and criticizing politicians of Syriza, the official opposition, of whom obviously the fire carrying mobs are its ardent supporters.

This will be the tragic legacy of European big government and its ill-considered, indeed, destructive intervention in the processes of the free market that for at least two centuries have delivered prosperity and an unprecedented increase in the standard of living of the masses; as the socialist politicians from Francois Mitterand to Jaques Delors–the architects and enforcers of the European Monetary Union that forced Germany to succumb and pay the price of the unity of west and east Germany as demanded by France–and their present disciples of  etatisme are in the process of killing the goose that laid the golden egg, i.e., the unimpeded free market, and by doing so unconsciously and unwillingly are generating and  unleashing the brutal forces of fascism and leftist directorates of totalitarianism on the landscape of Europe.

To avoid this slide to the hell of totalitarianism only the rise of statesmen who “can act beneath heaven as if they were placed above it” is consummated. The fiscal and balance of payments crisis can only be remedied by substantial cuts in government spending and the euthanasia of big government, and by the privatization of debt ridden public enterprises–that are the last strongholds of obtuse and doctrinaire unions– and by the freeing of private enterprise to pursue profit by competition and entrepreneurial creativity and dynamism, respectively. These ‘bitter’ remedies can only be administered by statesmen of the calibre of Lee Kuan Yeu and Antonis Samaras. The latter, indeed, might not only be the progenitor of the Greek Renaissance but also the paradigmatic leader of other European politicians to imitate for their own European Renaissance. The Newtonian apple that will stop the European ‘discord’ that currently threatens the demise of the EU will fall to the gravitational force of such statesmanship.

Hic Rhodus hic salta

 

Marxistoid Economists Consider Bankrupt Left Solution of Greek Crisis

Fair is foul, and foul is fair, /Hover through the fog and filthy air (Witches of Macbeth chanting their cursing ditty)

By Con George-Kotzabasis— July 04, 2013

In their article published in the New York Times  on June 23, under the title “Only the Left Can Save Greece”, the two politically ‘pinkish’ economists teaching at the University of Texas at Austin, James Galbraith (the son of the famous John Galbraith) and Yanis Varoufakis, argue that neither America nor Europe should fear an ascension to power of the Left wing party of Syriza in Greece on the contrary, they should applaud it, as a government of the left would reverse the defective policies of the European Union that have been so destructive to the Greek polity and to its people as well as to many other European countries.

The two economists were shocked at the closure of the Hellenic Broadcasting Corporation (ERT) and denounced the Samaras government for its authoritarian and undemocratic action, of depriving Greeks of a public service of information and entertainment that was invaluable to them. The government however closed the public broadcaster temporarily and planned to replace this cesspool of administrative corruption, opacity, and cronyism, for which each Greek household had to pay a levy of 50 Euros per year, with a new public broadcaster not run by the government but by personnel chosen on meritocratic criteria and professionalism that would upgrade the service provided to Greek viewers and at a cheaper price.  Galbraith and Varoufakis, in their support of this corrupt and inefficiently run public entity  and demand of its reopening, found a kindred political ally in the leader of the Marxist party of Syriza, Alexis Tsipras, who had committed himself to re-open with all its personnel intact if he became prime minister. Tsipras’ crocodile tears for the public broadcaster, which in the recent past had condemned as being the mouthpiece of the extreme right, exposed his blatant political opportunism in this U-turn from hate to love for ERT. But they found him also to be an invaluable ally to their economic proposals of how to lift Greece out of the crisis. .

Galbraith’s and Varoufakis’ solution to the crisis springs from the growing of a hundred blooming flowers in the luxuriantly prodigal Keynesian garden. Their package of Keynesian remedies consist of “a kind of European equivalent of America’s post-crisis Troubled Asset Relief program; an investment and job program; and a European initiative to meet the social and human crisis by  strengthening  unemployment insurance, basic pensions, deposit insurance, and the expansion of core public institutions like education and health.” Notice, that all of these remedies are to be financed by  government and taxes from private enterprises. How then government can finance all these things when its coffers are empty and depend on European loans to pay for primal services such as schools, hospitals, and public servants, and when private enterprise has no incentive to function or remain in an unstructured economy that has been for many years inimical to it? And the two economists do not make  a pip about the necessity of private foreign and domestic investments that are the only economically sustainable and viable investments that can initiate growth and economic development that are the sine qua non that will pull Greece out of the crisis. And that these investments can only be made under the incentive  of structural economic reforms that are favorable to private enterprise, and strict fiscal policies that perforce can only be accomplished by hard measures which are inevitably painful to the general populace.

Since neither the political color nor the gray matter of Galbraith and Varoufakis were able to convince serious politicians and economists in the Euro zone, or Greece, of the correctness of their Keynesian mirage as a solvent to the European and Greek crisis, they found in the fiasco leadership of Syriza, of Tsipras, the intellectual salvation of their by now withered flowers of their Keynesian remedy. (This speaks volumes about the value of their proposals in that they found their support and cerebral salvation in the intellectual and moral bankruptcy of the Greek left.) Tsipras bereft of any tenable economic policies, and rationalizing this vacuity in policy making by populist rhetorical denunciations of the policies of the Samaras government, eagerly embraced the policies of Galbraith and Varoufakis, which ideologically are cognate to his own as a ne plus ultra government interventionist himself, thus giving to his own policies some sort of academic prestige from this ‘south of the border’ economists that he is unable to get from more serious experts in the profession. (But beggars cannot choose.)

Indeed, the policies of Tsipras have their source in a variegated coterie of Marxists getting their inspiration from the flashing pan of Marxism, as the rising sun of the latter has long ago disappeared from the astral constellation of the universe, never to rise again. Tsipras, as a true believer of the great man, Karl Marx, attended the Marxist organised Subversive Festival of Zagreb in Croatia last March, which was likewise attended by both Galbraith and Varoufakis. Indeed, the former announced with pride his attendance of the Festival, in a lecture he gave to socialists in the German Parliament last week, where the gladiators of the great imperator Karl Marx had gathered together from all over the world and rushed into the arena of the Amphitheatre of Zagreb, with nets in one hand and swords in the other, to fight and slay the wild animals of capitalism, which their predecessors in the socialist camp, even better armed with technological weapons, had failed to slay. Moreover, Tsipras was an aficionado of Chavez and had visited Venezuela last year with the hope of getting financial help  from its president with an implied commitment of making Greece a protectorate of Venezuela, if not the European Venezuela. And yet Galbraith and Varoufakis in their political naiveté write in their article in the New York Times that the Americans have nothing to fear from a Syriza government.

Galbraith and Varoufakis, like the witches of Macbeth cursing the Samaras’ government as foul, undemocratic and authoritarian, slavishly implementing the dictates of the European Union, and as economically incompetent, are predicting its downfall while stirring the pot of their quackish remedies which nobody will ‘buy’ other than Tsipras. Meanwhile, Samaras wisely, assiduously, and decisively is transforming Greece within the short span of one year by an unprecedented series of structural reforms that are increasing competition–Greece is in the 22 position internationally for the first time–reducing the bureaucracy, especially its inefficient part that was an obstacle to investments, and planning to make it more efficient on meritocratic standards, changing the economic milieu by making it friendly to business and investments, and leashing the arbitrary and ruinous power of unions which for many years had prevented foreign investments in the country. Moreover by his virtuoso performance in the negotiations with the European Union and the IMF, Samaras  has blunted some of the austerity measures that have been a major factor in obstructing the re-igniting of the economy and artfully polishing these measures that will put Greece on the track of development. He was able to convince the leaders of the EU to provide Greece with extra funds for employment programs that will materialize by the beginning of 2014, more resources from the European Bank of Investments so they can be ploughed into small and medium sized businesses. He has started building Autobahns that have created 25,000 new jobs and he has enticed the economically hard thinking Chinese government to invest 350,000 million Euros in the port of Piraeus thus making it the entrepot of commerce between south-east Asia and Europe. ( The European Council announced that the port of Piraeus will be named as the capital port of Europe for 2015.) Also the Chinese are interested in making more investments in the infrastructure of the country, especially in its railway network by which they will transport their goods into Europe. But the most important and greatest achievement of the Samaras’ government up to this moment has been the building, through Greece, of the conduit by the Trans Adriatic Pipeline (TAP) that will convey natural gas from Azerbaijan to the heart of Europe. TAP will invest the huge amount of 1.5 billion in Greece and will generate 12,000 jobs by 2014 in the country. This, according to one authority in the energy industry, has been the personal accomplishment of Samaras who in his visit of Azerbaijan and meeting with the Prime Minister of the country three weeks ago, convinced the latter that it would be more efficient and economically cheaper to build the conduit through Greece instead of through Bulgaria and Romania, a project which the international consortium backing it was favorable to win, and lost it only, with the intervention of Samaras. Furthermore, this enormous investment, behind which one of its investors is the global gigantic company BHPBilliton, engenders confidence to other investors that Greece is about to pull itself out of the crisis, and hence, encourages and attracts more investments into the country and thus will increase employment which is one of the major challenges of the government.

The government under the statesmanship of Samaras is determined to pull Greece out of the crisis and not to squander the sacrifices Greeks had to make for the economic, political, and cultural Renaissance of the country. The great, fair achievements of the Samaras government, in an unprecedented short span of time, are depicted and cursed as foul by the two Marxistoid economists, James Galbraith and Yanis Varoufakis. Ignominy, loss of intellectual honor, is of no concern to them.

I rest on my oars:Your turn now 

Greece: The “Closure” of the National Broadcaster

By Con George-Kotzabasis

The politically thoughtless and opposing stand of Pasok and Demar (Democratic Left) to the closure of the corrupt, wasteful, and non-transparent opaque ERT, by the Samaras government, that needed three or eight times more staff than it was necessary, and its replacement in the next few months by a new public broadcaster employing its personnel on axiocratic criteria and not on corrupt government appointments, could endanger the cohesion of the tripartite coalition that is so crucial of Greece’s exit from the economic crisis. Venizelos and Kouvelis must realize that the political fortunes of their parties, since they made their intelligent, brave, and politically responsible decision to support a New Democracy government, are tied-up with the success or not of the Samaras government of extricating the country from its economic woes and thus saving the country from a devastating and calamitous bankruptcy. The electorate will not remember or extol their parties for their stand against the closure of ERT or for any other issue that is secondary to the main goal, i.e., pulling Greece out of the crisis, but will punish them electorally if the Samaras government fails in this great task.

That is why it is stupendous foolishness on the part of Pasok and Demar to jeopardise the up till now correct policies of the Samaras government that show clearly, according to all serious economic commentators and institutions such as Standard and Poor’s and Finch, that Greece has been put on the right track to overcome the crisis and these policies will reignite its economy at the beginning of next year.

The respective leaders of Pasok and Demar must be constantly alert and on guard not to derail the Samaras government, either by inadvertence or by frivolous, doltish, and politically irresponsible stunts, which with accelerating speed reaches the goal of putting an end to the crisis. As the corollary to the derailment of the Samaras government will be the total political obliteration of Pasok and Demar as a result of their association with a failed government. But it will be worse; their destruction will lead to the destruction of Greece itself. The collapse of the Samaras government will be followed by the rise to power either of the extreme left or the extreme right. Thus Pasok and Demar by contributing accidentally if not stupidly to the collapse of New Democracy will be opening the doors of totalitarianism to the country. Will they persist to oppose the Samaras government on secondary issues with the danger of creating an unstoppable momentum against it that could fracture the ideologically brittle composition of the tripartite government? Will Venizelos and Kouvelis foolishly sow their political wild oats on a ground whose pernicious crop will be Syriza or Golden Dawn?

Hic Rhodus hic salta

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