Greece: Capitalism’s Latest War on Democracy — Medium

17.7.15

Greece: Capitalism’s Latest War on Democracy — Medium: Days after the Greek people resoundingly rejected austerity in a referendum vote, and with the nation’s banking system in a state of collapse precipitated by an onslaught of harsh measures by its European “partners,” Tsipras bowed before the absolute power of international finance capital. The Troika’s latest set of demands toward Greece constitute financialized neo-barbarism and Tsipras has agreed to them. Thus, the so-called compromise Tsipras returned to Athens with is one of total subjugation: one in which Greece relinquishes national sovereignty, one in which the prospects for the future are grimmer than the already-depressing present.

We cannot debate that Tsipras failed in delivering on his mandate to end austerity; this is a fact. He may have delivered on the promise to keep Greece in the Eurozone, but only as an indentured debt colony and barren wasteland.