Greece, austerity, disaster, new thing needed then:
It is now being challenged by parties of the left that reject a
failing neoliberal system
He\’s still not got it , has he?
The neoliberals have been screaming for years that the euro is a bad idea, that it shouldn\’t exist and if it does Greece certainly shouldn\’t be in it. And that the only solution for Greece\’s woes (and Portugal, Spain, Italy etc) is to stop being in it.
The is true whether we use the US meaning of neoliberal, Krugman P for example, or the much less important UK version of neoliberal, like me.
We\’ve all been leaping up and dopwn screaming that default, exit and devaluation is what has to happen. Otherwise there will be this decades long process of internal devaluation. Either way is hard, either way a loss of wealth to the locals, but one way is a fuck of a lot easier than the other.
The \”neoliberals\” here are arguing exactly the case that Seumas thinks we\’re not. It is the broadly social democratic centre of European politics that we are both arguing against. Those who are, as is the way of these things, the general establishment and thus the most conservative of all the political groupings.
Default, devaluation and start again: this is the neoliberal solution!