Category Archives: Syriza

Corbyn is eminently electable

Screen Shot 2015-08-16 at 08.59.16If the rumours are true, writes Dalrymple, that certain Tories (i.e. adherents of the British centre-Right ruling party the Conservatives) have

signed up to vote for Mr Corbyn because, if chosen, he would make Labour unelectable, nothing would better illustrate the idiocy to which certain Tories are prone.

In Europe’s

Screen Shot 2015-08-16 at 08.48.59present precarious circumstances, no one is unelectable. A crisis, not necessarily of the government’s making, could easily swell popular discontent so that it would prefer any alternative; and that is without counting the fact that all governments tend to become very unpopular with time, whether they deserve it or not. Time for a change: and Mr Corbyn would certainly be a change.

Screen Shot 2015-08-16 at 08.54.01Screen Shot 2015-08-16 at 08.45.56Screen Shot 2015-08-16 at 09.12.25

 

The Hellenic People’s Republic, hope of a new world

Marxist miracle worker

Marxist miracle worker

This glorious European spring

Leftists descended on Athens as student revolutionaries once descended on Havana

After, writes Dalrymple,

we were all Charlie for a day, we all became Greek for a night. Out came all the hopeful young people with shiny joyful faces, lighting candles in the dark and punching the air.

It was spring in Europe, like the Arab spring,

though perhaps the moment was not indisputably auspicious to make the analogy: on the day Greeks were voting for their spring, the Egyptian police were shooting dead 17 people who were commemorating the fourth anniversary of theirs. In Greece, it may yet come to that.

Grand socialist dream

The leftists

dreamed — there was much talk of dreams, which is always a bad sign — of a world in which there were no economic realities, nothing had to be paid for, and prosperity could be decreed, though with satisfying vengeance on the rich and prosperous.

Alexis Tsipras, the prime minister, made

the monument to the memory of the Greek resistance to the Nazis his first port of call, just to remind his people how awful the German chancellor, and the German chancellor’s countrymen, still are.

Prosperity by decree

He then promised to decree Greeks back to prosperity. He

  • pledged many thousands of them free electricity, not noticing that he thereby turned electricity bills for the rest of the population into a form of income tax as well as a payment for services received
  • promised to create jobs, both in the private and public sector, more or less by command, jobs that would have a minimum salary paid in a currency whose emission he could not control and which Greece cannot possibly earn in sufficient quantities to pay for the fulfilment of these promises

How the socialist miracle was to be achieved,

no one knew: but, as all left-leaning commentators agreed, it is permitted to hope and to dream.

Goldman Sachs, Greek economics and the Madoffian model

Screen Shot 2015-02-01 at 22.40.46In Greece, all roads lead to disaster

The pyramid scheme that was the Greek economy

Most of the Greek population appeared to benefit from the scheme that has now collapsed, Dalrymple writes. The two main political parties before the rise of Syriza

operated a system of patronage paid for by borrowing on a huge scale. The system would have been corrupt even if no politician had enriched himself personally. And the European élite believed, or affected to believe, that the national accounts concocted by the Greek politicians in collusion with Goldman Sachs qualified the country for membership of the euro.

The country having acceded to the euro,

French and German banks proceeded to act as if Greek debt were more or less the same as German debt, because membership of the eurozone was supposedly irreversible.

When the equivalence of Greek and German debt

turned out not to be the case, as any tolerably observant visitor to Athens for half an hour could have told them, the fool’s paradise in which the Greeks were living collapsed.

Today

the circle cannot be squared. There is no way out that could possibly justify the hopes placed in Tsipras and his party.