Monday 5 March 2012

Professors lining up to ignore the obvious

There was a lecture tonight at the London School of Economics
by a Prof. Azariadis who is of Greek origin but has seemingly
spent his whole career in the US, where he's the
holy-jesus-that's-a-long-title Professor Hosanna at Washington
University, which is in .. you guessed it, St. Louis.
[a lot of lecturers coming out of Greece lately, as yet none
of them have seen fit to try to run the country]

His style was a bit flippant, jumping from point to point
about Greece's foibles, of which there are many, but offering
little in the way of proof for stuff that nobody's ever heard of.

I'm guessing that he's an Economics lecturer, otherwise he's got
no right to profess to anything about Greece. However, he didn't
have much in the way of economic charts or anything.

I'll post a link to the podcast when it comes available, so that
you can see for yourself what a circus performer this guy was.

I'll get to more details once I find my notes, but he rightly said that
Greece is a socialist nightmare. However, his solution, outright,
overnight switching to capitalism is a bit odd for a few reasons:

1 We're all in the middle of a banking crisis, and countries are
being picked off, one by one.
2 The Euro could very well collapse before Greece is forced out
3 Did I mention the banks are out of control?
4 All manufacturing is in China now, anyway
5 that leaves Greece with Cabana Boy capitalism.
6 the workers are suffering the effects of capitalism
7 while the rich are getting government-sponsored socialism

He's right that Greece's ruling class is evil. However,
his solutions regarding public service corruption
were like "send him to internal exile"
which is just plain stupid behaviour,
for a guy with the comic timing of ....
an economist.

His solution is summed up under the heading of


"Waiting for a miracle".

He thinks that Greece's transportation should be sold off
and kept up by the private sector.
The private sector is already collecting tolls on
the major southern highway,
and you've got Greeks breaking through the barricades.
Although he didn't push the big red button,
which is selling off public assets.
He did mention leasing land for 99 years, which I'm not so sure
about. If he had sell 'sell them off' then I would have known that he
was a neo-liberal.
If he has any knowledge of the Chicago school
neo-libs then he knows that such sell-offs are the thing of the
IMF/US rape of little countries, that is now being played out
in the first world thanks to the broad racism propagated against Greece.
It's the same racism that the Nazis used before they started exterminating
a particular race. Here, the Greeks will just be economically bombed
back into the middle ages.

I don't even know if the IMF/US demanded minimum wage cutbacks, but Greece
has already suffered that. How do you like that capitalist wake-up call?

more later