Sunday, June 17, 2012

Today Greeks vote to decide their national government for the second time this year. SYRIZA, an anti-bailout/anti-austerity party, stands a chance of winning outright.

In my view that'd be a healthy outcome. Policymakers around the world have committed egregious economic malpractice for years. Most western economies need massive jobs programs, with direct government hiring of every woman and man who wants to work. Then that workforce would repair and rehabilitate everything possible: transportation and utility infrastructure, hospitals, schools, post offices, parks, etc., etc.

There's a global depression afoot, with unemployment rates soaring. As with most Greek voters, I'm tired of policies that ignore the massive joblessness and pleas that there's little that can be done. That's bullshit. Hire idle workers, dammit, and do it now. Fire up the Works Progress Administration, the Civilian Conservation Corps, and other programs like them. Fix America, and fix Europe, literally.