Greece is in economic shambles and the resulting social costs are mounting. Since the Eurozone imposed economic measures to assure Greece’s survival, the situation is become markedly worse with little hope in sight if the present course is maintained. Does austerity lead to recovery? Are people better-served when governments sell their assets to private concerns? Do tax cuts for the rich return investment and jobs to the community? Are nations more competitive when workers rights are eliminated?
This is a cautionary tale about how economic ideologies can destroy a nation. To this day, the economics imposed upon Greece are being promoted for the United States. Who benefits? Is it good for a nation?