I’ve grown tired of reading and listening anger manifestos against financial markets. Don’t blame the markets for the crisis. Financial markets hold a great potential to deliver real democracy and well-being to any society. So, who’s to blame? Apparently and above all, mass ignorance and indifference are the ones to blame! Be sure that, among all social-economical-political systems to organize and rule any society, Capitalism is without doubt the best. Or if you prefer, the least worst.
These days the (wow, so exciting...) news concern much about the Greek debt and its potential collapse. Greece, as well as Portugal and others, have been spending well above their production levels. That is nothing new. It is an undeniable fact and by now every citizen shall be aware of it.
Lately, all across the social media, solidarity has been a mainstream idea. Solidarity...!!! What a beautiful word, that goes so well... with the wind! Personally, I really love the whole concept of solidarity and strongly believe it is of utmost importance. But, let’s not exaggerate... also not to allow hipocrisy to come to play along.
I would like to know how many of us have taken a step forward and took any kind of action. “Oh, I am not a politician; I have no power to do anything at all!” - you may say. Really? OK... Time for a virtual social experiment: lets use the power of social media and create a movement entitled something as “I WANT TO DONATE MONEY FOR GREECE”. Lets see how much we can REALLY get.
Just to try to ironically illustrate a mixture of overspending with solidarity, take the USA, for example. For the last two or three decades they have been buying cheap and low quality manufactured products from China, assembled by ridiculously paid workers that live in conditions that any European or North American citizen would consider an outrage. I believe the proper word is “slaves”, instead of “workers”.
And so far, United States’ unpaid bill to China rounds up ONE TRILLION DOLARS!!! Does this issue deserves less attention than the European debt crisis? Why? Is it because the US Federal Reserve can print as much currency as they please and the European Central Bank is POLITICALLY forbidden, thus having to rely on the financial markets for money?
Lots and lots of key players in the financial markets - “those greedy pigs, satan worshippers” - are the first having no interest at all in letting Greece fall. But if the country wants more money to sustain an unbalanced economy (spending more than real production), who on earth and in its perfect mind will lend unless they do meet all elegible criteria? Does your bank lends you money if it strongly believes that you won’t pay back? Honestly, would you?
Once again, here it comes that “evil” inescapable and sacred rule of “Supply versus Demand”; f#&k you, Adam Smith for having explained the world this rule!!! (Hey, this is an irony!)
This next “money pack” is estimated to be as large as 130 billion euros. So, lets split it by 500 million people (the aproximate citizens of the 27 EU members) and we will get €260 for each of us. It is a small number!!! Hey, send me the bank account number, I’ll send my share right away, no further questions! I was firmly saving to buy that new electronic gadget that has not come out yet, but those chinese slaves are already working 25 hours a day to produce it and I’m sure I won’t live happy without it, but... what the heck... screw that. I decided to hop on the solidarity boat and I will help Greece instead!
Honestly, I don’t bet on Queen Solidarity to save Greece (or any other country in debt, like my dearest Portugal). If the markets are “The Devil”, I humbly think it is better to let the “grace of Our Devil” - gOD - to save those countries from a deeper potential misery.