I note with some happiness and satisfaction for the future of the human race that the Greek government has decided to put the latest "bailout", handed down from on high by non-Greek politicians in the thrall of big finance, to a referendum. I note with further satisfaction the howls of outrage represented in the "market reaction", and the absolute naked hatred for democracy demonstrated thereby. Exposed and ugly as ever.
Prepare for massive application of shock doctrine tactics to the Greek people. I wouldn't be surprised if the Greeks were eventually to vote yes, even though I am firmly hoping for a no. Make no mistake: the brutal confidence fairy's insatiable thirst for the well-being of the old and the future of the young will not be slaked by another austerity package.
This is the lesson: you cannot have free trade without political union. One is the other. All supranational free trade (protected investment) zones are political unions. Most of them are hidden corporate dictatorships. Now the Greek government---as part of a gamble for the political capital that they would get on a yes, notwithstanding the fact that the situation had become untenable in Athens---has done the unforgivable and exposed this reality. Europe will have to decide whether it is going to implement democracy or abandon the project (or resort to corporatist military coups in noncompliant states...).
I for one am with you, Hellas. Here's hoping that they'll retain the strength to say no, and to force the rest of Europe to stop trying to pass the buck. The truth is, a referendum is far preferable to what would follow if the world is forced to feed the vampire squid another decade.
I don't believe in fairies. Unicorns, maybe. Fairies, no. Especially not confidence fairies.