I’ve seen our future, and it is Greece

The problem with socialism, according to Margaret Thatcher, is that eventually you run out of other people’s money. Case in point:

In May last year, Greece narrowly avoided default with the help of a €110 billion bailout from its fellow euro-zone partners and the International Monetary Fund, and is now seeking at least another €60 billion in aid to cover its borrowing needs for the next two years.

As a precondition for receiving the next tranche of its existing loan—or any further aid package—Greece must pass a promised five-year, €28 billiion austerity plan by the end of this month. If it doesn’t, Greece may run out of money by mid-July, possibly precipitating a new crisis in the euro zone.

Let this sink in. The country is being bailed out by OTHER COUNTRIES, and The People are protesting cuts.

You know what Greece needs? More social justice:

“The austerity measures are very difficult to accept. Some measures are fair; we were living in a bubble, spending money we didn’t own. Other measures are not just. We should be totally opposed to privatization of certain industries.

“The big question is now how are we going to bring back growth? We have no strong industries like Germany or France. How can we bring in new investments? We need IMF intervention but we also need more social justice. It is very complicated and we are feeling very insecure.”

You need more social justice?

Victor Davis Hanson offers this vignette regarding Greece when he asked a hotel owner, there, why he didn’t hire more help:

What followed was a harangue about the cost of hiring a permanent worker in Greece, the difficulty of ever firing him if he proved worthless, and why he preferred to do everything himself rather than fill out all sorts of forms and hire unmotivated but tenured employees. Besides, he said, almost everyone was on some sort of pension, disability, or government benefit, and was unwilling to work, so his choices were either illegal immigrants or broke foreign students. Then he launched into a blast against socialism, and explained how he was forced to become an expert tax dodger, how he would barter for all the transactions he could, and why he hated the government. He finished by sighing that in Greece, the people spend their time either devising ways to get government money or scheming to avoid the tax collectors — or, preferably, both.

Social justice is great, except when they expect YOU to pay for it.

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One Comment on “I’ve seen our future, and it is Greece”

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