Category Archives: economic necessity

Grave errors of the Greeks

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Time for many Greeks to look in the mirror

Political and popular dishonesty

Greek politicians, writes Dalrymple, erred in

offering a substantial proportion of the Greek population a standard of living that was economically unjustified, maintained for a time by borrowing, and in the long run unsustainable, in return for votes. They borrowed the money and then dispensed largesse, like monarchs throwing coins to the multitudes.

The Greek people erred in

accepting the bribe that the politicians offered; they were only too prepared to live well at someone else’s expense.

Cradle of democratic corruption

Popular dishonesty is a problem

wherever the universal franchise is unaccompanied by widespread virtues such as honesty, self-control, providence, prudence, and self-respect.

A reduction in their salaries and perquisites of many Greeks

is not only economically necessary but just.