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Economy

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Demeter

(85,373 posts)
Fri Jul 3, 2015, 03:28 PM Jul 2015

Weekend Economists Salute Ruin July 3-5, 2015 [View all]

“Ruin, eldest daughter of Zeus, she blinds us all, that fatal madness—she with those delicate feet of hers, never touching the earth, gliding over the heads of men to trap us all. She entangles one man, now another.”

“…and they limp and halt, they’re all wrinkled, drawn, they squint to the side, can’t look you in the eyes, and always bent on duty, trudging after Ruin, maddening, blinding Ruin. But Ruin is strong and swift—She outstrips them all by far, stealing a march, leaping over the whole wide earth to bring mankind to grief.”

― Homer, The Iliad





“This financial crisis in Europe would have left Greece in Ruins, but it’s been that way for 2,000 years.”

― Jarod Kintz, Who Moved My Choose?: An Amazing Way to Deal With Change by Deciding to Let Indecision Into Your Life


On this auspicious day (July 4) the Greeks are voting the issue of independence for themselves, their nation, their patrimony, and their future.

The Greeks, who taught the world "democracy," are doing it all over again, because too many people have been corrupted by greed and power, and have forgotten the lessons of 3000 years.

I wish I could boast that America, grateful for the lessons from ancient Greek thinkers which formed our Founding Fathers and our Founding Documents, is 100% behind the Greek effort, lending support both moral and substantial...but that would be a lie. America is in a fever-dream of greed and power and corruption. It barely recognizes Greece's existence, let alone its right to exist.

We live in interesting times--that ancient Chinese curse. We see history in the making, those of us who aren't glued to some commercial product of escape and fantasy. Our intrepid little band in this group seeks to know who, what, where, when and why. And How--how do we make Change? How do we further the Progress of Humanity towards those Greek ideals formulated so long ago:

Ancient Greek society was based on a devotion to the highest standards of excellence. This classical ideal of perfection was expressed through body, mind, form and spirit in Greek culture. From athletic prowess, the ancient Greeks sought the perfect body. Perfection of the mind was pursued through religion, philosophy and science. In sculpture and architecture, the perfect form was portrayed. Through comedies and tragedies, they found perfection of spirit. In every aspect of ancient Greek culture, could be found the classical ideal... http://scallion.hubpages.com/hub/The-Greek-Ideal


As we continue the search, let's reflect on history a bit: ancient history, recent history, history that might have been. Here's a first reflection to feed the thought:


“Call no man lucky until he is dead, but there have been moment of rare satisfaction in the often random and fragmented life of the radical freelance scribbler. I have lived to see Ronald Reagan called “a useful idiot for Kremlin propaganda” by his former idolators; to see the General Secretary of the Communist Party of the Soviet Union regarded with fear and suspicion by the Communist Party of Czechoslovakia (which blacked out an interview with Miloš Forman broadcast live on Moscow TV); to see Mao Zedong relegated like a despot of antiquity. I have also had the extraordinary pleasure of revisiting countries—Greece, Spain, Zimbabwe, and others—that were dictatorships or colonies when first I saw them. Other mini-Reichs have melted like dew, often bringing exiled and imprisoned friends blinking modestly and honorably into the glare. E pur si muove—it still moves, all right.”

― Christopher Hitchens, Prepared for the Worst: Selected Essays and Minority Reports


So mote it be, once again.
70 replies = new reply since forum marked as read
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ON PATRIOTISM Robert Reich Demeter Jul 2015 #1
Reich is a dirty commie hippie! Fuddnik Jul 2015 #2
It's not enough to drone them? Demeter Jul 2015 #4
Somebody makes a lot of money DemReadingDU Jul 2015 #36
Which States Are the Most Patriotic (And Which Are the Least) By Janet Allon Demeter Jul 2015 #3
Don't even know what to think about this one... MattSh Jul 2015 #5
If he's claiming to be mentally ill, I'd agree Demeter Jul 2015 #11
Organizational capacity and the Greek Referendum by Lambert Strether Naked Capitalism Demeter Jul 2015 #6
Greek Court Allows Vote on Bailout Package Demeter Jul 2015 #20
Expect Greek vote 1 AM MONDAY EDT ETA of Greek referendum result Demeter Jul 2015 #40
Great OP, thread, all of it, what fitting way to celebrate the July 4th holiday, Greece, the mother earth Jul 2015 #48
This is very unsettling. nt mother earth Jul 2015 #49
Europe has suffered a reputational catastrophe in Greece: unable to manage its basic moral responsib Demeter Jul 2015 #7
AND AS FOR THE EU Demeter Jul 2015 #8
PALLAS ATHENA Demeter Jul 2015 #9
VIDEO AND MORE AT LINK Demeter Jul 2015 #10
What No One Is Talking About When They Talk About Greece Demeter Jul 2015 #12
Rise in Use of Firewood to Heat Homes Causing Deforestation Demeter Jul 2015 #13
How we survive a Greek tragedy Demeter Jul 2015 #14
BARTER IS BACK Demeter Jul 2015 #15
We can’t print drachmas, says Greece’s finance minister Demeter Jul 2015 #16
Paypal Shuts Down in Greece - Bitcoin Still Operates Demeter Jul 2015 #22
Paypal has never been for the people. snot Jul 2015 #70
MEANWHILE, BACK IN THE USSR...I MEAN, USA Demeter Jul 2015 #17
Americans Not In The Labor Force Jumps By 640,000 To 93.6 Million (Participation Rate Drops To 1977 Demeter Jul 2015 #18
June’s unemployment dip means more Americans leaving the workforce Demeter Jul 2015 #23
Why you can't believe the unemployment numbers Demeter Jul 2015 #24
Our Spoiled-Brat Economy Demeter Jul 2015 #26
Only 44 Percent Of U.S. Adults Are Employed For 30 Or More Hours Per Week FEBRUARY Demeter Jul 2015 #57
This message was self-deleted by its author Demeter Jul 2015 #58
China's Boom Has World Bank Worried By William Pesek Demeter Jul 2015 #19
Big Trouble In Big China: Shanghai Stock Market Index Drops 5.77% In One Day (And 29% Since June 12) Demeter Jul 2015 #43
Europe’s Many Economic Disasters PAUL KRUGMAN CHEERS US UP Demeter Jul 2015 #21
The Bill: Germany Faces Billions in Losses If Greece Goes Bust Demeter Jul 2015 #25
HOMERIC GREEK IDEALS (STUDY GUIDE) Demeter Jul 2015 #27
I truly wonder if the Enlightenment ever reached Germany Demeter Jul 2015 #28
Been thinking a lot lately about this very topic FlatBaroque Jul 2015 #29
Indeed so DemReadingDU Jul 2015 #35
Hell, yeah! nt mother earth Jul 2015 #46
Musical Interlude hamerfan Jul 2015 #30
Greece's National Anthem Demeter Jul 2015 #31
Anti-Americanism provides big boost to Russia's small IT businesses - CSMonitor.com MattSh Jul 2015 #32
Sell Unmarked GMO Products and Jail Awaits MattSh Jul 2015 #33
Russia Science & Technology Roundup, June 2015 MattSh Jul 2015 #34
Meanwhile, back in America Demeter Jul 2015 #37
Alexandria Uses Block Chain to Preserve World's Knowledge Demeter Jul 2015 #38
Metadata Doesn't Always Mean Metadata: New Snowden Revelations Reveal Government Spying Went Much De Demeter Jul 2015 #39
EMU Periphery Watch: Investors Hold Fast Ahead of Greece Vote Demeter Jul 2015 #41
IS IT A JOKE, OR IS IT REAL? Demeter Jul 2015 #42
Oh, thats real, for sure! Fuddnik Jul 2015 #51
What Do We Learn from the Latest Monthly Employment Report?: DeLong FAQ by Brad DeLong Demeter Jul 2015 #44
Title perfect and stellar intro bread_and_roses Jul 2015 #45
Bernie Sanders on the situation in Greece & the IMF...unprecedented stance. mother earth Jul 2015 #47
The Pope on the banks bread_and_roses Jul 2015 #50
1776 Demeter Jul 2015 #52
Some intrepid soul has posted the whole thing Demeter Jul 2015 #53
Famous Last Words. " &$%@ the alligators!!!!!" Fuddnik Jul 2015 #54
Well, it was Texas Demeter Jul 2015 #55
Greece Again Demeter Jul 2015 #56
Greek bank official dismisses 'haircut' report as "baseless" Demeter Jul 2015 #59
9 Myths Of Greek Crisis: Insider’s take on the conventional wisdom to ignore. By James K. Galbraith Demeter Jul 2015 #61
Why Greece and Germany just don’t get along, in 15 charts Demeter Jul 2015 #62
Stanford scholar debunks long-held beliefs about economic growth in ancient Greece Demeter Jul 2015 #63
Excellent article by an excellent economist! Kudos to Galbraith for laying it out for us, mother earth Jul 2015 #66
Greek voters angry at media & creditors, scare-mongering campaign seems to backfire DemReadingDU Jul 2015 #64
today's toon DemReadingDU Jul 2015 #65
U.S. trade bill with EU includes landmark anti-BDS provisions Demeter Jul 2015 #60
That's a wrap, folks. Now we wait for the election results Demeter Jul 2015 #67
the trend is slowing, but still the lead widens. nearly 77% in; 61.60% OXI. magical thyme Jul 2015 #68
86.16% reporting; 61.53% OXI magical thyme Jul 2015 #69
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