Greece Succumbs, the Outcome Was Written

Erasmo Calzadilla

Alexis Tsipras, leader of Greece’s governing Syriza Party. Photo:

HAVANA TIMES — Back in January when Syriza was about to win I published a post saying how difficult it would be them to fulfill their election promises. These included a wage increase, provide assistance to the needy, reverse layoffs and reject the austerity plan of the EU Troika.  This was the program of the left coalition led by Alexis Tsipras.

To achieve such noble purposes the Greek economy would have to grow in no small way, but such growth would be almost a miracle in the midst of the serious crisis plaguing the countries of southern Europe.

Analysts who believed that the crisis was irreversible due to the global energy decline, predicting a dark future for Greece, were right on target. If politicians and the Greek people had listened to those predictions the path taken would have been different.

But no, they opted to bet on growth and now they are harvesting the bitter fruit of this misguided and irresponsible approach. Today the Greek economy lies in ruins (restrictions on access to people’s financial assets included) and the left shows a blot on his record while the right (fascism included) rubs its hands.

In a few months it will be up to Spain to decide who will govern for the coming years. I pray that the new political party Podemos wins but with the disaster facing its cousin Syriza, things look ugly.

By the way, Podemos also aspires to achieve exponential economic growth.



Erasmo Calzadilla

Erasmo Calzadilla: I find it difficult to introduce myself in public. I've tried many times but it doesn’t flow. I’m more less how I appear in my posts, add some unpresentable qualities and stir; that should do for a first approach. If you want to dig a little deeper, ask me for an appointment and wait for a reply.

22 thoughts on “Greece Succumbs, the Outcome Was Written

  • July 14, 2015 at 1:16 pm

    PASOK is considered a social democratic party. I never said otherwise. My use of political terminology is consistent, specific and accurate.

    The economy of Brazil is in serious trouble and a massive corruption scandal is engulfing Dilma’s government. Corruption, public & private, was the biggest cause of Greece’s economic woes.

    I did not say that austerity has not hit hard. I said that if they think the half-assed austerity budgets their government has half-heartedly enforced have been bad, they haven’t seen anything yet. Just wait till they get booted from the EU and have to go back to the drachma, and with no access to IMF or EU capital loans. That’s when the real austerity starts.

  • July 14, 2015 at 12:53 pm

    The spell-checker changed Syriza to Syria. Greece under the social democratic PASOK had a mixed economy, mainly capitalist but with extensive social programs and state ownership of key sectors of the economy. They also had rampant corruption,

    You can call it whatever you like, but PASOK called it Greek socialism.

  • July 13, 2015 at 1:13 pm

    Half the population under 25 is unemployed creating massive poverty and likely future civil unrest .
    It is in the interests of the owners to produce with as few workers as possible to increase profits.
    That is a factor of capitalism and would not a problem for a socialist society in which work would be guaranteed .
    The problem is the way we distribute goods and services in the world and that method is capitalism .
    An example: The world at present produces some 119% of food needed by the planet’s people .
    Yet each year millions die of starvation because they can’t earn the US$2.00 a day it takes to survive.
    That is a factor of capitalism that kills daily.
    Greece is the tip of an emerging iceberg of unemployment and poverty caused by globalization and more and more now, automation .
    As bad as things are for Greece , it’s just the beginning of a general collapse of capitalism worldwide.
    The bad news: capitalism is collapsing.
    The good news: capitalism is collapsing.

  • July 13, 2015 at 12:59 pm

    “The far left Syria government ……” ?
    Can you list the insane policies of the Syriza Party ?
    When Pasok ran Greece, did it have a capitalist economy or a ( worker-run , from the bottom ) socialist economy ?
    Hint: In the 100,000 year history of humanity there has NEVER been a socialist economy.

  • July 13, 2015 at 12:55 pm

    There has never been a socialist economy in the history of humanity.
    In order to be a socialist economy, that economy must be run by the workers from the bottom up in a democratic (majority rule ) fashion.
    What you CHOOSE to erroneously term socialist economies in the Soviet Union, Cuba etc were, IN FACT, state capitalist economies with politicians acting as the bosses do in free-enterprise capitalism .
    Democracy has yet to be tried in capitalist enterprises because capitalism is antithetical to democracy.
    So whether it is free enterprise capitalism or state capitalism it CANNOT be democratic.
    And because all the so-called communist countries had totalitarian economic forms they far more closely resemble free-enterprise capitalism and calling them either socialist of communist is just plain wrong.
    Moses, living in retirement community I get to deal with many aged people to whom it is necessary to repeat things because of their mental limitations and afflictions .
    You make me feel right at home repeating basic truths you can’t seem to either remember or effectively argue against .

  • July 13, 2015 at 12:44 pm

    Margaret Thatcher, like you deliberately misstated what socialism is .
    The problem with Greece is the economy.
    Any economy with a 50% unemployment rate in the under-25 bracket is in deep shit and no loan or other method WITHIN capitalism can address the present and worsening unemployment problem .
    Both ongoing globalization and the rapidly developing automation of all workplaces will create many, many Greeces all over the world in the next two decades.
    Capitalism is in a process of collapsing worldwide due to these factors and the last nail in capitalism’s coffin will be the smarter-than-human very advanced robots/androids that will widely come on line in almost every occupation during the mid 2020s.
    In short, you ain’t seen nothing yet.
    I just finished reading Robert Ford’s “Rise of The Robots: Technology And The Threat Of A Jobless Future and ” The Second Machine Age: Work , Progress and Prosperity In A Time Of Brilliant Technologies ”
    Brynjolfsson and McAfee.
    You can’t have capitalism without all those human workers’ paychecks and although you will not accept that the technologies will replace most humans in the workplace in the short time frame in which it MUST happen ( Moore’s Law) , the end of capitalism is not only in sight but well within most of our lifetimes .
    So Greece is just a harbinger of what is to come for most of the world’s capitalist economies .

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