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TheOtherContraGuy posted:Debt relief should be so painful as to avoid the "moral hazard" of taking out loans you can't pay. The actual economic justifications seem to have mostly disintegrated on contact with the real world. It's important to remember that moral hazard is never, ever experienced by banks, resulting in them making loans they shouldn't have to people that can't pay them back. Only debtors can ever experience moral hazard.
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Jul 16, 2015 16:09
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Sounds like someone needs to read Klein's The Shock Doctrine, or listen to Deltron: "crises precipitate change".
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Jul 17, 2015 14:24
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wateroverfire posted:Those are not non-economic structural changes, though. Those costs add up. 1. Cook the books with the help of a few government officials 2. Demand changes that have no proven effect on a government's ability to pay back their debt, but that are hugely beneficial to corporations that operate in Greece and align perfectly with the ideology of the IMF/Troika 3. Deleverage, profit.
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Jul 17, 2015 16:41
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KingFisher posted:The children do not "deserve" to suffer, but they do at the will of their parents, therefore any suffering a Greek child endures is at the direct will of their parents and the Greek nation. edit: removed Radbot fucked around with this message at 22:01 on Jul 23, 2015 |
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Jul 23, 2015 21:58
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Institute mandatory minimum wage jobs for all Americans, for a period of 6mos-3 years depending on random chance... BUT the trick is you just have to keep checking every week to see if you still have to keep that job, we don't tell you in advance. Because it's not just about the job, it's about the desperate feeling of never being able to get out.
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Jul 24, 2015 20:09
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