WHO’S RESPONSIBLE?
THE GREEK CASE
January 29, 2015
In Tuesday’s broadcast of “On
Point,” Tom Ashbrook hosted a discussion of how the new Greek government can, should,
or will handle its debt (http://onpoint.wbur.org/2015/01/27/greece-syriza-elections-austerity-germany-populism). As the Greek journalist or the Greek economist
spoke of negotiating debt forgiveness, Ashbrook kept echoing a German’s
willingness only to extend the debt, asking, “But who is responsible for the
debt?”
I was reminded of the second
time I went to Poland (courtesy of an IU-Warsaw U exchange), in 1987, to a
conference of urban geographers, in the midst of a quiet political revolution
that shortly make Poland a European Union member. It was also a moment when Argentina’s
resistance to the IMF’s austerity package for repayment of that country’s
international debt. In introduced my
presentation on lessons Poles could draw from Argentina’s economic development
with the chorus of a coalminer’s lament:
Sixteen tons, and what do you get? Another day older and deeper in debt. St. Peter don’t call me ‘cause I can’t
go. I owe my soul to the company store.
Loans or investments, as contrasted to gifts, imply servitude, in this
case foreign and private ownership of public services. The Greek panelists on “On Point” kept citing
Naomi Klein’s Shock Doctrine, that
corporate capitalists create the very crises they use as a pretext for
intervention. Ashbrook didn’t seem to
understand. Those who demand repayment
of debts, ignore their own role in creating them. As foreign lenders required the Greeks to lay
off their public work force, and to share the Southern European brunt of
housing refugees from the land of the Islamic State, they were responsible for
the relentless impoverishment of the Greek populace as a whole, with
concentration of wealth in a Greek oligarchy.
Further austerity measures as a condition for rescheduling Greek national
debt payments promise to increase the wealth gap within Greece, and between Southern
and Northern Europe. I’m among those who
postulate that institutionalized inequality is a root of violence in all its
manifestations, and that we who enjoy relative wealth are responsible for
sharing it, especially with those we and our ancestors have impoverished. As the wealthier party, I’d say the Germans
are responsible to humanity (as creditors of the City of Detroit have been, for
example) to negotiate writing off their contribution to the Greek debt in good
faith. Love and peace, hal