“Let’s say that when every one of us is born we bring with us a little ring of power. That little ring is almost immediately put to use. So every one of us is already hooked from birth and our rings of power are joined to everyone else’s. In other words, our rings of power are hooked to the doing of the world in order to make the world.”
Carlos Castaneda

Journey to Ixtlan

Greece and (economic) Growth

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“… a sustainable debt reduction is only feasible if the economy grows …”

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but what if growth is over or nearly over? even the robust German economy may be showing signs of slowing down … so what can be expected of Greece? could that also explain the position of people like the German finance minister … are they catching a glimpse of the coming storm and heading into their national shelters (and leaving Greece to fend for itself)?

Greek leaders are making an effort to reframe this crisis in a European context (which I believe is a correct effort) however what if you go beyond that and look at a global context that also goes beyond just money and finance? That is what I was hinting at when I wondered if Greek leaders are aware of the depth of the challenge they are facing. I suspect that even a complete, unconditional debt forgiveness will not qualitatively change the situation (though it may buy a delusional period of relief). I suspect that the Greeks are maybe the first to taste the end of growth and its social, political, financial and cultural implications.

This entry was posted in AltEco, Greece, Intake, Money, outside and tagged . You are welcome to add your comment

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