Stock Markets & THE WRATH OF DEMOCRACY
Hijacked
Once upon a time, Greece was gallantly giving the world its wealth of ideas, poetry and scientific perspectives (which it had learned from Egypt, Persia, India and other places). Much of what has been achieved by the Western World can be attributed to those Greek gifts. What has gone 'unnoticed' is that the Greeks then and today are different. And while they should be in Europe, they are by no means German in attitude and culture, nor British, Finnish or Polish. But somehow the bigger countries happily ignore the implications when cultures clash.
Now they face the WRATH OF DEMOCRACY in Greek fashion, the original version so to speak. It implies that you cannot just ride roughshod over people and their innate quirks and qualities. This is what could have been playing on Greece's Prime Minister's mind when he announced the idea of a national referendum.
Other European nations feel that their agenda has been hijacked and their plans thwarted. The fact that these plans were overrated at first than found to be inadequate, - talk and no action, promises without money, plans with little chance of follow through - is no longer so important now.
'Financial markets react 'violently' to the new spanner in the works, a Greek referendum!' so the media comments, with values falling some 5-6% in just two days. It is quite pointless to comment on such volatility. I don't like it, you don't like it. And still someone and a few others instigate it on a daily basis, a sort of Macho Capitalist show, hardly evolved in attitude from their previous incarnation as medieval knaves and robbers. I say 'instigate' because frankly there is no need for such dramatic gestures. Is it really 'worth' throwing billions of dollars away in value because of Greece's detour to maybe a more Greek solution, which might even be better for Europe and beyond?
Sorry, - I forgot: - ze Big Boyz just accumulated a tidy sum in the previous few weeks, riding on the Franco-German Greek solution. Time to take profit. I understand.
A Greek Melodrama
I don't have enough insight into the Greece situation to gauge how this may pan out.
The fact that everyone pictures its impact in the darkest possible tones is rather telling: are we seriously wishing for a bad outcome? Are we desperate for the consequences of a suicidal wish we harbour subconsciously, knowing that we cannot continue operating a life on credit cards?
Greece is famous for its tragedies, in the poetical sense. Let's see, whether they can find recourse in their own heritage of human wisdom and bring about necessary change.
If that flounders then Europe can still hope for the Chinese Opera to spring into action, cap in hand, begging bowl ready. But that would just be a survival stunt. Real change needs to follow.
The Oracle of Delphi
.. I am not. Nor do I have a concrete wish list about the outcome. While it surely matters to Greece and Europe, financial markets are just as surely overreacting, almost deliberately. In the meantime, we watch the battle between money and minds, from the sidelines.
Once upon a time, Greece was gallantly giving the world its wealth of ideas, poetry and scientific perspectives (which it had learned from Egypt, Persia, India and other places). Much of what has been achieved by the Western World can be attributed to those Greek gifts. What has gone 'unnoticed' is that the Greeks then and today are different. And while they should be in Europe, they are by no means German in attitude and culture, nor British, Finnish or Polish. But somehow the bigger countries happily ignore the implications when cultures clash.
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| "a way of life: asceticism, anti-conformism and anti-conventionalism' |
Other European nations feel that their agenda has been hijacked and their plans thwarted. The fact that these plans were overrated at first than found to be inadequate, - talk and no action, promises without money, plans with little chance of follow through - is no longer so important now.
'Financial markets react 'violently' to the new spanner in the works, a Greek referendum!' so the media comments, with values falling some 5-6% in just two days. It is quite pointless to comment on such volatility. I don't like it, you don't like it. And still someone and a few others instigate it on a daily basis, a sort of Macho Capitalist show, hardly evolved in attitude from their previous incarnation as medieval knaves and robbers. I say 'instigate' because frankly there is no need for such dramatic gestures. Is it really 'worth' throwing billions of dollars away in value because of Greece's detour to maybe a more Greek solution, which might even be better for Europe and beyond?
Sorry, - I forgot: - ze Big Boyz just accumulated a tidy sum in the previous few weeks, riding on the Franco-German Greek solution. Time to take profit. I understand.
A Greek Melodrama
I don't have enough insight into the Greece situation to gauge how this may pan out.
However, such a move is highly significant in 'the big scheme of things', i.e. we need to calmly assess the benefits that come as a result of this call for a referendum.
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| Alexander, the Great, meets his match: "Get out of the sun!" |
Greece is famous for its tragedies, in the poetical sense. Let's see, whether they can find recourse in their own heritage of human wisdom and bring about necessary change.
If that flounders then Europe can still hope for the Chinese Opera to spring into action, cap in hand, begging bowl ready. But that would just be a survival stunt. Real change needs to follow.
The Oracle of Delphi
.. I am not. Nor do I have a concrete wish list about the outcome. While it surely matters to Greece and Europe, financial markets are just as surely overreacting, almost deliberately. In the meantime, we watch the battle between money and minds, from the sidelines.
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