I riot because I have absolutely nothing to lose. I riot because I’m angry. Anger envelopes me like a blanket every day of my life. I’m angry because I’m poor, I’ve always been poor, and I know I will never be able to afford all those nice things people are supposed to have. I’m angry because my life is shit and I know it’s always going to be shit. You want to lock me up for it? Go ahead. It means nothing to a nothing like me.
The European community cannot stand idly by when one of its own members faces disintegration. The Union’s motto is: “United in diversity”. Now, more than ever, the EU must live up to this ideal.
Greece has been financially ill even before it joined the then EEC. The symptoms were chronic cronyism, high levels of nepotism, severe clientelism and acute individualistic mentalities. Why did banks continue lending to a country like Greece, especially since they knew the economic state of affairs the country has been in for decades?
From the social uprising that toppled Zine El Abidine Ben Ali’s regime in Tunisia on January 11, 2011, to the recent social unrest in Libya to oust the 40 year old reign of Muammar Gadhafi, many political scientists have been left puzzled as to reasons behind the North African revolutionary movement and where it could spread in the coming weeks.
The recent financial crisis marked the fourth systemic transformation of the global capitalist system, comparable to the upheavals that followed the great inflation of the 1970s, the great depression of the 1930s and the period of geopolitical turmoil that culminated with Wellington’s victory over Napoleon in 1815. The new politico-economic system emerging from the crisis can therefore be described as the fourth distinctive version of capitalism: Capitalism 4.0.
During the apparent peak of the so-called Global Financial Crisis in 2009, a flurry of descriptions of the crisis as a ‘mancession’ emerged. To ignore or trivialise gender in the global economy is to fail to appreciate the power of a basic and fundamental system of identification through which we understand the world; a system that organises how we respond to our environments, our abilities to survive, our goals in life, and how we approach our relationships.
Greece is tiny, its economy only 3 per cent of the EU. But just as the world appeared to be clawing its way out of financial turmoil and recession, Greece reminded the markets that countries, as well as banks, can go bust. The EU has changed its poorer members less than its founders imagined. Perhaps this crisis—the most serious in the EU since its creation, according to Angela Merkel—will finally persuade Greece, and the other weaker economies, to make the reforms they have ducked since joining the euro.
The financial and economic events of the last few weeks have shocked many of us. Indeed, they have shocked us out of our complacency and made apparent the urgent need to reform the financial sector. But more than that, there is a sense that it may now be possible to seize this moment as an opportunity to go much further.
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