Lessons on offer in Greece

TUESDAY, JUNE 26, 2012
Lessons on offer in Greece

People everywhere are celebrating the new Greek government, the country's first coalition in 60 years.

 

Since 1952, one single party or another has won each election, leading to a situation in which each successive government has tried to buy off the electorate to a greater degree than the previous one, and we all know where those efforts finally led the country: to financial ruin.
Many Americans have been making strong comparisons between the Greek and US economy, so maybe the Greeks – not for the first time in history, obviously – have given the US an example of a workable solution.
Thais might want to pay attention also. Neither ancient Greek democracy nor modern capitalist democracy was ever intended to produce two major mafia organisations in a single nation that call themselves political parties.
Guy Baker
Bangkok