Horvat

This would lead to new ‘development’; something which does not exist anywhere except in ‘holy books’ and the perverted minds of global neoliberalism.

The fact that Greece will be left bankrupt and riddled with social problems is not important. What is important, is that a eurozone country is openly discussing the introduction of a wage level comparative to that of the Chinese, along with the abolition of workers’ rights, the abolition of national insurance and the welfare state, and the total privatisation of utilities and public goods.

The Greek ‘rescue’ plan (another convenient term used to describe this disaster) ignores a fundamental principle. The economy is like a cow: it eats grass and produces milk. It is inconceivable to take away a quarter of her grass and expect her to produce four times more milk. The cow will simply die.