Skip to main content

The Greek experiment

Could Greece's situation be characterized as a huge economic-social-political "experiment"? And if so, who are those who conduct it?

by system failure

Greece is entering one more year of an unprecedented economic recession and still, no optimistic signs can be seen in the horizon. When the financial crisis erupted in 2010, there were already many people who spoke about an experiment that was taking place, for the first time in a region of a developed economic zone.

Could Greece's situation be characterized as a huge economic-social-political "experiment"? And if so, who are those who conduct it?

Part 2 - What happened before Greece's entrance into the neoliberal path of destruction

When neoliberalism started its big onslaught in the early 80s with Ronald Reagan and Margaret Thatcher in power, Greece had chosen a different path with the then leader of the Socialist Party (PASOK), Andreas Papandreou.

Papandreou has chosen the path of implementing extended social policies and strengthening the public sector. The Popular Right mostly expressed by the rival power (New Democracy party) in Greece was accusing constantly Papandreou for being corrupted and for establishing corruption in public sector by hiring PASOK supporters in key positions.

While corruption was indeed a significant problem in Greece, it was not exclusively a product of Papandreou administration. It was evident also in previous decades under various administrations. Yet, when the economic crisis erupted in 2010, it was used as a pretext for the 'invasion' of IMF and the imposition of catastrophic policies that brought Greece in an even worse situation. IMF's history is full of pretexts related to corruption, in order to 'invade' in foreign countries and rescue - not the national economies of course - but the greedy bankers and investors.

Andreas Papandreou knew very well that neoliberalism would one day destroy his country. His words from a 1989 interview have been proven, unfortunately, extremely prophetic: “In case that we have a neoliberal solution in Greece towards 1992 and afterwards, the Greek economy will really suffer an extremely brutal attack from giants. We will surrender, whether we like it or not, to foreign interests and Greece will become the hotel of Europe in case that the laws of the market will exclusively prevail ... These are crucial moments.


In the European Summit held in Cannes in 1995, Andreas Papandreou described the undemocratic nature of the EU and the dark future of Europe: “I want to say that, indeed, I saw the directorate functioning because while many colleagues, PMs were telling me privately in the corridor that I was right, no one has spoken to cover my positions. What is the United Europe? Who governs it? What is our role for us, as national governments? These are basic questions. I find that we go to a kind of shrinking of national power, but not on the altar of a collective democratic process. On the altar of crises and interests ... I won't reveal names, who have spoken and what they said. But I tell you that there is a clear plan for the elimination of national governments which will not be able to play a significant role democratically, but they will subjected to the directions given by the directorate ...


This was one of the last statements of Andreas Papandreou that had sent waves of embarrassment to people around him because many of them, next year, were about to join Costas Simitis administration that thrown Greece, with almost a violent manner, into the neoliberal path of destruction.

Yet, previously, neoliberalism made its first, short rehearsal in Greece with one of its most fanatic supporters: Konstantinos Mitsotakis. Mitsotakis was in charge of a weak administration and governed for a short period (1990-1993), yet it was enough for many to understand what the neoliberal priesthood was planning for Greece the following decades.

It was the time of the collapse of the Soviet bloc and neoliberalism had crushed the last remnants of resistance in the ideological battlefield. Being member of the Western institutions, the small Greece would be impossible to resist against the onslaught of the neoliberal monster. Acting like an early IMF agent, Mitsotakis' administration rushed to cut government spending as much as possible, privatize state enterprises and 'reform' the civil services.

Despite the neoliberal fairy tale about the necessity of these 'reforms', at the end, Mitsotakis delivered an economy with high unemployment rate, sinking industrial production and dramatic rise of the public debt.

[1]

Comments

Popular posts from this blog

GAME OVER, Trump: Putin, China & BRICS Just CRUSHED US Dollar

Danny Haiphong   Donald Trump's war on BRICS is backfiring as the Russia & China-led Global South moves to dump the US dollar and build a new order independent of its dictates. Journalist and geopolitical analyst Ben Norton breaks it all down.    Related: Trump's tariffs: A unique opportunity for BRICS and the Global South to fully escape from dollar tyranny

WikiLeaks reveals that literally every router in America has been compromised

The latest Wikileaks Vault7 release reveals details of the CIA’s alleged Cherry Blossom project, a scheme that uses wireless devices to access users’ internet activity. globinfo freexchange As cyber security expert John McAfee told to RT and Natasha Sweatte: Virtually, every router that's in use in the American home are accessible to hackers, to the CIA, that they can take over the control of the router, they can monitor all of the traffic, and worse, they can download malware into any device that is connected to that router. I personally, never connect to any Wi-Fi system, I use the LTE on my phone. That's the only way that I can be secure because every router in America has been compromised. We've been warning about it for years, nobody pays attention until something like WikiLeaks comes up and says 'look, this is what's happening'. And it is devastating in terms of the impact on American privacy because once the router...

Confirmed: Alex Jones' popularity rises after Infowars banning from social media

globinfo freexchange We wouldn't expect to be confirmed so fast on this. A few days ago in the article IT and social media supergiants have just made Alex Jones a hero in the eyes of the ultra-conservative audience , we wrote that Alex Jones' wet dream has just become reality thanks to the combined move by Facebook, Apple, YouTube and Spotify to ban Infowars. These private IT and social media companies couldn't give a better gift to him right now. At a time where Infowars was going through a saturated period according to the best scenario, the corporate giants actually saved it with that stupid(?) strategy. Suddenly, a corporate branch of the liberal establishment gave real value to Alex Jones' awful performance, pretending to be the 'anti-establishment' hero - just like Donald Trump - and made him a real hero in the eyes of the ultra-conservative audience that has been brainwashed by his absurd conspiracy theories. Only a couple of days later...

Stephen Hawking confirms: The problem is Capitalism, not robots!

globinfo freexchange According to world famous physicist Stephen Hawking, the rising use of automated machines may mean the end of human rights – not just jobs. But he’s not talking about robots with artificial intelligence taking over the world, he’s talking about the current capitalist political system and its major players. On Reddit, Hawking said that the economic gap between the rich and the poor will continue to grow as more jobs are automated by machines, and the owners of said machines hoard them to create more wealth for themselves. The insatiable thirst for capitalist accumulation bestowed upon humans by years of lies and terrible economic policy has affected technology in such a way that one of its major goals has become to replace human jobs. If we do not take this warning seriously, we may face unfathomable corporate domination. If we let the same people who buy and sell our political system and resources maintain control of automated technology, the...

CIA had an agent at a newspaper in every world capital at least since 1977

Joel Whitney is a co-founder of the magazine Guernica, a magazine of global arts and politics, and has written for many publications, including the New York Times and Wall Street Journal. His book Finks: How the C.I.A. Tricked the World's Best Writers describes how the CIA contributed funds to numerous respected magazines during the Cold War, including the Paris Review, to subtly promote anti-communist views. In their conversation, Whitney tells Robert Scheer about the ties the CIA’s Congress for Cultural Freedom had with literary magazines. He talks about the CIA's attempt during the Cold War to have at least one agent in every major news organization in order to get stories killed if they were too critical or get them to run if they were favorable to the agency. And they discuss the overstatement of the immediate risks and dangers of communist regimes during the Cold War, which, initially, led many people to support the Vietnam War. globinfo freexchange...

How normal human behavior became a false mental disorder epidemic

globinfo freexchange In the early nineties, an epidemic of mental disorder was sweeping America and Britain. It had been uncovered by a new system for identifying disorders. Psychiatry had been attacked for relying on the personal and fallible judgement of psychiatrists. But instead, a new objective method based on checklists had been invented. These listed only the objective symptoms, and deliberately did not enquire into why the individuals felt an anxiety. In the late 80s, nationwide surveys had revealed an incredible picture: more than 50% of Americans suffered from mental disorders. But at the very same, the drug companies had announced that they had created a new type of drug, called an SSRI, which they claimed, targeted the circuits inside the brain that were causing these malfunctions. The SSRIs were marketed under names like "Prozac". What they did was alter the amounts of serotonin that flowed across the circuit connections within the brain, and they...

Confirmed: US imperialists wanted to drag Russia into a war with Ukraine since at least 2019

globinfo freexchange   As we wrote in our previous article, after almost eight years, the US imperialists and the NATO criminals got what they wanted. They finally managed to drag Russia into a war with Ukraine.     We now have indisputable evidence for that, through a document by the top US think tank, RAND Corporation. In the preface of a 2019 report under the title Extending Russia, Competing from Advantageous Ground we read: [emphasis added]                            The purpose of the project was to examine a range of possible means to extend Russia. By this, we mean nonviolent measures that could stress Russia’s military or economy or the regime’s political standing at home and abroad. The steps we posit would not have either defense or deterrence as their prime purpose, although they might contribute to both. Rather, these steps ar...

American youth are turning on Israel, left and right

The Grayzone   The Grayzone 's Max Blumenthal on the total collapse of support for Israel among young American progressives, and the crisis Israel faces for the first time among conservative youth. 

UN Official: Gaza Is The Worst CRIME Of The CENTURY

Owen Jones  

X of the day

US Empire and its vassel State Israel can't stop telling lies. And neither can stop committing War Crimes... https://t.co/jQjwc2MUH0 — Mick Wallace (@wallacemick) August 1, 2025