Man what the fuck happened...

they fell for the demsoc meme

It turns out when your country is joined to international capital you can't just tell it to fuck off when you simultaneously rely on it to power your economy.

Syriza itself was also flawed from the start, not only because it was a bourgeois coalition, but because people thought for some reason that a party operating in a bourgeois government would be able to work against bourgeois interests.

They fired Varoufakis.

They realized too late that "democracy" is the dictatorship of the bourgeoisie and were made to bow before the bankers and EU elites.

...

Being praised or condemned by Zizek is like flipping a coin.

The problem is Syriza did not prepare for having their own currency. And you need to prepare for that, even if you don't want to actually do it, so that the Germans don't see through your bluff. That said, I think switching to their own currency would have been better than what they have now.

...

Long rant incoming from a Greek.

Greece had no chances, from the beginning.

Some people say they were insincere from the beginning, and used populism to just get in power, but I beleive they are wrong.

I met many people who were in the party, before they were elected into power. They were the most authentic parts of the left wing in Greece, full of academics, students, and workers. Syriza isn't Podemos or Bernie Sanders type of movement. The party itself was originally KKE Interior in 1968 and was one of the first euro communist and anti-Stalinist Marxist-Leninist communist parties to exist in Europe.

It took literally decades for that party to be formed, from coalitions of Trotskyists, Maoists, soc-dems, euro communists, and many other sects.

When the crisis hit and in 2010 Greece entered the troika phase of its history. The party soared from something like 4% to 26.9% in 2012. People were eating out of garbage cans, and mass layoffs and suicides were happening.

It was after three grueling years that the party collected votes not only from urban areas, but from disgruntled farmers, precarious workers, and even former right-wing voters.

People had high hopes, that Europe would really change and that it would trigger a chain reaction of social democracy re-asserting itself in Europe.

So where did all go wrong?

cont.

Varoufakis is a cool guy. Does anyone knows that he is doing nowadays?

Iktf

To cut a long story short, Greece and the Left in general were living in another era. Syriza and most Greeks in general believed that left-wing economics still played a role in policy making.

When Varoufakis entered those first finance minister eurogroup meetings. He started this neo-Keynesian lecture about the importance of growth, less taxation on small business, and how the debt was unlivable with the current troika regime.

All of the finance ministers looked at him as if he was speaking Chinese. Varoufakis did not realise that when he was talking to these finance ministers he was not talking to politicians, but hardened technocrats. Even when he counted on the help of the German SPD or Frances socialist econ minister, they did not and did not want to understand him.

The IMF and Schauble would get the last word, and neo-liberal economics were not to be challenged, or questioned.

The Left was actively dead in Europe ever since 1968. Mitterrand in France tried to keep the illusion of the social welfare state and workers rights. But these soon were to be rolled over by Sarkozy and Hollande. Germany had Schroder, but he was followed by the Merkel-Frankfurt regime, which has become the power maker in Europe.

The left no longer existed, and Greece did not get the memo.

So what do you do in this disenchanted state, do you pull a suicide tactic in the hopes of them capitulating to you? But Merkel and the Germans already knew that in that decision, that is between turning your country to Albania/N.Korea tier levels of poverty, and the euro, a fauastian bargain would prevail. And in the long term it would benefit them in having a left wing government passing all of these harsh economic measures.

Now Afd, Le Pen, and Wilders are on the rise, revolting against neo-liberalism.

So in the end who will have the last laugh I wonder? Or will we all be crying by then?

wew, when will these kids learn

Haha.

Do you think that making your own currency is a suicide tactic? And why?

Because, it was clear that Greece had no currency reserves at the time.

What would have happened is Greece would take a massive new loan, possibly from China or Russia, and it would devalue the new currency to the dirt.

We can debate if in the long run such a tactic was feasible, but at the time neither the majority of Greeks wanted that, nor would it have been all sunshine and roses, if you had a situation where you issue coupons instead of paying actual wages.

you think Greece could have abandoned fiat based currency and had a new currency backed on 'real goods' like the Germans did in the 20's to curb hyperinflation?
Obviously there is a wide disparity even between 1920s German industrial capacity and current Greece.

Even if the did this it would not have lasted more than a year.

Greece doesn't have the tons of gold reserve. In theory this is what would have happened in the beginning until the new currency picks up again. But the problem would be what kind of market confidence would there be for Greece to become a spot for investments again.

Greece is furthermore not a big productivist country, it depends a lot on tourism and most jobs are post-industrial. It would not have been an ideal situation.

There is still possibility of grexit happening, but I now think it is better to go down with the ship if Eurozone falls.

...

...

/thread

Varoufakis pushes DIEM25, which tries to reform the EU.

they were threatened with complete economic collapse if they didn't give in to the demands of the banks

A country does not need reserves of another currency or gold in order to start a fiat currency.

it was only 1 year later, almost exactly 1 year

And what should they do instead that wouldn't make them completely irrelevant?

They antagonized the EU and thought they could get away with it. The EU is an incredibly leftist organization and Greece's refusal to work with them on structural reforms just shows how corrupt that shithole is in the first place.

checks out

Kys false flagger

This article has everything you need to know

wsws.org/en/articles/2015/11/13/icfi-n13.html?view=article_mobile

at least greece still has the golden dawn

Varoufakis is a neoliberal shill

It is neutered ;^)