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great diary, talos, it really eviscerates the IMF case, and the hypocrisy, (that the present financial system holds in its very DNA), is laid bare in all its tawdry detail.

capitalism has become a giant press, in which the public is squeezed, screwed tighter by the relentless drive for economic profit in the financial realm.

this iconisation of numbers leads to a terrible degradation of humanity, and Greece is, as Upstate NY so clearly states, just the weakest wildebeeste in the europack, so is the first crucible for what seems to me to be an experiment in pure post-deomocratic oligarchy, supplied with fascist overtones by its bloated fatcat associations with the arms industry and shipping magnate profits.

bankers love war above all, and this looks like a set-up to create one, as history shows us when a country is screwed too far, it lashes out against its neighbours, (as a distraction from its domestic turmoil.)

add that to a surfeit of weaponry and a crumbling social compact and you have the ingredients for massive mayhem.

the banks always win, and never get blood on their hands directly.

thankyou for a thoroughly professional diary, it brings badly-needed clarity to the discussion; the comments are great too.

international capital is remaking the world through creative destruction, whether/how we can live with the results is another story... as greece goes, so will we all, italians are watching this unfold very attentively.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Tue May 25th, 2010 at 06:54:05 PM EST
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