[WS:] And why should it be? The modern financial capitalism is not that much different form feudal peonage - the system cannot produce more "value" to cover shortfalls - its only choice is is to extract more from peons. The occasional peasant revolt did not change the fundamental logic of the system under feudalism and it does not change it now - it is not the growing pie anymore but a zero sum game. Just like feudalism, capitalism is reaching its limits and the only way it can bail out of its systemic failures is by extorting more from the peons. As long as peon rebellions do not get rid of the system, they are at best irrelevant and often make things worse for the peons.
Wojtek
On Mon, May 10, 2010 at 11:20 AM, Wendy Lyon <wendy.lyon at gmail.com> wrote:
> This makes no sense whatsoever. The austerity measures are still going
> through in Greece. They're still going to go through in Portugal and
> Spain. Quite possibly there may be further austerity measures in
> Ireland too, because we're pledging €1 billion + for the Greek bailout
> and it's hard to see where that's going to come from under our current
> budget. The bailout is anything but a reward for the riots.
>
> On 10/05/2010, double bluff <mullah_omar at email.it> wrote:
> > Revolting pays, according this point of view, so many will follow the
> Greek
> > example.
> >
> > Now You Really Shouldn't Expect Austerity In Europe
> >
> > <
> http://feedproxy.google.com/%7Er/clusterstock/%7E3/Wi0Vnq0uYJ0/greece-austerity-riots-2010-5
> >
> >
> >
> > The message from the Eurozone today is clear -- if you rack up massive
> > amounts of debt which you can't pay, don't even think about trying to get
> > your financial house in order.
> >
> > Riot instead. Throw firebombs at police, and use your violence to scare
> > neighboring countries into paying your bills. They'll do it in the name
> of
> > stability.
> >
> > That's the victory Greece just won and if it was hard to make
> significant
> > austerity measures happen there before, now it just seems stupid for
> Greece
> > to do so. Persuading eurozone nations to bail you out is an easier
> > proposition than cooling mass riots which will erupt if tough austerity
> > measures are announced.
> >
> > If it stopped here it wouldn't be so bad, but don't think other Eurozone
> > populations haven't notice the victory of Greek rioters.
> >
> > Pushing through fiscal discipline just became a lot harder in nations
> such
> > as Spain or Portugal, in addition to Greece. Expect more riots and less
> > fiscal responsibility, because riots have just been rewarded. Right now
> it
> > seems like a necessary evil, but the day heated /anti-bailout/ riots
> happen
> > in nations such as Germany or France is the day intra-European politics
> > becomes extremely ugly.
>
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