The West sees words like justice
and liberty tossed around frequently.
The struggle to uphold, glorify, export, explain and expand liberty and to
engineer, legislate, improve, monitor and protect justice is an endless one. And
it’s apparent we can’t have both—or either one, rather—to the extent where it’s
really desirable. Partly because a just Europe—or America—is one where the
liberty to do bad is suppressed. The left-right, liberal-conservative spectrum
is partly a debate on what you prefer: your freedoms, or your justice. Somehow
amidst that debate, a macroeconomic tragedy perpetrated by the Euro institutions
takes place, and sends an entire sovereign state down the road of neither
liberty, neither justice. The Greek tragedy is just now unfolding.
It’s surprising how unconvincing the assurances of
politicians, left and right, have been regarding the Euro. A common currency
project—staple of the mission to unite Europe; to preserve peace and promote
cooperation among Europeans. Oh, but if only it were that simple.
Somehow the sensible notion of a pan-European partnership,
originating as an economic project in the fifties, got hijacked by the false
notion that executive powers need to be centralised. It is not enough to merely
create a legislative union or a common piggybank; now what is being presented
is the false urgency to unite behind a common currency.
It is perfectly reasonable to eliminate protectionist
policies when it comes to trading among the European countries, and perhaps
strengthen them towards the outside. (That itself is not working well, with
a disastrous trans-Atlantic trade deal on the table.) But the unfeasibility of
the Eurozone as it is (and this pertains to Greece) is staggering. A monetary
union now exists between countries with a common currency, a common exchange
rate, left for the European Central Bank to fiddle with. But how (and for
fuck’s sake, why) should two sovereign states with their own budget and their
own fiscal policy (and let’s face it: their own economics) share their money
supply? Greece is not in sync with Germany, nor will it be that way for decades
to come. Clearly, the Eurozone is a peculiar hybrid between the neutral option
and a full-on federalistic approach to Europe. There are two ways out.
The first is the obvious one—go for a complete transition.
Create a political union. Eventually, federalise the Eurozone and redistribute
wealth in a manner of solidarity. Subsidise, essentially, the little guy, much like
Greece’s former finance minister Varoufakis would like it.
The second one, which I (mind you, as a leftie) advocate, is
to disband the Eurozone completely. If you look past the doomsday scenarios the
Euro institutions want you to believe, there is a possibility of a proper
legislative union in Europe with minimal merging of executive power—a rigid
path to build a competitive international body that is so far ahead on the environment,
education, science and research, workers’ and civil rights.
What we see unravelling now is a culmination of what will
continue happening if we let the neoliberal experiment to go as it is going.
The troika of European institutions—Greece’s creditors—continue to stipulate
conditions associated with loans to Greece which are (according to the ECB’s own
analyses!) not sound. Greece’s national income will shrink and the
prospect of it actually repaying the
debt is dubious. Greece has become a debt colony to the Euro-establishment: the
bullies and the dogmatists out to perpetuate the fallacies of recovery via
austerity, the disaster capitalists.
It is particularly sad to see prime minister Tsipras of
Greece cave in to the troika’s demands. Scenario one: Greece faces a prospect of
remaining in the stranglehold of European institutions for three more years,
due to the disastrous reform proposals. Scenario two: the Greek debt crisis is
falsely presented as a cautionary tale for anyone who dare suggest an
alternative to austerity. Let’s face it, when the troika proposes impossible
reforms, it is for Greece to fail in the implementation. So, while Greece is
treated as a debt colony, its assets privatised and its public sector
disintegrated, the Greeks can only derive comfort from their bold and
courageous ‘NO’ to austerity from the sixth of July. If only it had meant
anything to the troika.
So when we debate justice and liberty as the cornerstones of
our society, let’s remember that as we speak, a proud European nation is being
stripped of both and becoming a debt colony.
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