Surviving Capitalism (Not) : Ultimately the problem of the debt is a political problem

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Monday, August 1, 2011

Ultimately the problem of the debt is a political problem

Click here to access article by George Katrougalos from the Committee for the Abolition of Third World Debt.

I found it a bit difficult to follow all the European legal structures and operations, but it is clear that the capitalist ruling classes are doing everything they can to circumvent democratic principles in order to impose their self-serving neo-liberal policies. And, as here in the US the Greek ruling class political operatives are using fear to intimidate their citizens into complying with the neo-liberal demands. However, the Greeks are not so easily intimidated or fooled.

...fortunately in the last two or three months we have seen the rise of a very genuine and massive political movement, an independent movement that has escaped this trap of fear and tried to reinvent democratic solutions that are going to be imposed by the people and not by foreign powers or our creditors.