Catchy, but for more insight on Varoufakis's line: Varoufakis in an article in The Guardian: "A Greek or a Portuguese or an Italian exit from the eurozone would soon lead to a fragmentation of European capitalism, yielding a seriously recessionary surplus region east of the Rhine and north of the Alps, while the rest of Europe would be in the grip of vicious stagflation. Who do you think would benefit from this development? A progressive left, that will rise Phoenix-like from the ashes of Europe's public institutions? Or the Golden Dawn Nazis, the assorted neofascists, the xenophobes and the spivs? I have absolutely no doubt as to which of the two will do best from a disintegration of the eurozone."
The problem is that just as the fascism that Varoufakis apprehends extracts a human toll, so too does the imposition of "austerity"; and, what is more, the acceptance of "austerity" by a Left government that has been voted to power precisely to resist it can only have one consequence, namely to get the very same "Golden Dawn Nazis, the assorted neofascists, the xenophobes and the spivs" to power, on the ashes of the people's illusions about the Left. --From Prabhat Patnaik, "Europe's Moment of Truth" at http://mrzine.monthlyreview.org/2015/patnaik020815.html _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
