iPhone app iPad app Android phone app Android tablet app More

Featuring fresh takes and real-time analysis from HuffPost's signature lineup of contributors
Michelle Chen

GET UPDATES FROM Michelle Chen

While Wall Street Quakes, Greece's Fire Still Burns Bright

Posted: 10/09/11 04:23 PM ET

While we may be inspired to see a leaderless mass movement finally crystallizing in U.S. cities, the American occupations still can't hold a candle to the fire raging across Greece.

This past week, demonstrators again unleashed their rage across the tiny Mediterranean republic, blocking government agencies and clashing with government thugs amid plumes of tear gas, with assorted spectacles like trying to burn a European Union flag in effigy. Wilder than the spontaneous encampments in New York, Boston and other cities, the Greek tempests of the past several months have been persistent and rancorous enough to actually shake up the trading floor and the halls of Eurozone-IMF officialdom, as the troika hover, anxious and vulture-like, over a smoldering pyre of sovereign debt.

The explosion in Greece (along with Spain) illustrate how common assumptions about the neoliberal consensus of the industrialized world can be overturned if people become desperate enough. Despite the draconian austerity policies, writes Times columnist Floyd Norris, virtually nothing could persuade the Greeks at this point to swallow more misery:

The tax collectors, of all people, have staged job actions because they fear being laid off. To say the least, there is no sign of a national spirit of sacrifice to save the country.

The message from Greece now may be summarized as, “I’m small. I’ve suffered. You can afford to rescue me. If you don’t, I can create chaos for all of you.”

They may be right.

Are there lessons for the Liberty Plaza protesters to learn from the Athenian class warriors? The Greece context is politically and culturally unique, but it does embody the principle of fierce solidarity. The Greek left is working to harness widespread bitterness into a united front against austerity, linking unions, the jobless young, professionals and laborers.

The basic idea may be simply that those who have nothing left to lose have everything to fight for. True, as with Occupy Wall Street, there was no strict agenda guiding the 24-hour strike, but rather a roar of anguish and a fervent sense that the country is being plundered by international financiers. And that was enough. Rejecting the toxic “bailout” package the EU and IMF dangled before the Greek Parliament last May, Stathis Anestis of the Confederation of Greek Unions told the Guardian UK:

The government is behaving as if it has a pistol to its head... It is not just that it is the poor who are forced to carry the burden of this barrage of measures.... It's not just that all our hard-earned rights are being peeled away. It is that we wake up every day to another cut, another tax, another pay rise. No one can keep up!

In a correspondence with In These Times, George Pontikos of the international department of All Workers Militant Front (PAME), described a steady escalation of militancy across a growing swath of Greek society:

Students move on to huge demonstrations. Almost everyday a sector is on strike. Demonstrations become more massive and more organized. … For the growth of such a struggle, with those characteristics fight today, the class oriented workers movement and the radical movements of the self employed the poor farmers, women and youth.... Even now, class oriented trade unions and anti-monopoly coalitions of the self employed take up initiatives, through meetings at the work places, at neighborhoods, so as to express in a practical, organized and militant way, people’s response to the taxes that strangle the people, to the hard measures that condemn the people to poverty and insecurity.

PAME thus appears to have tapped into the common pulse of the citizenry's anger -- beyond the individual grievances of trade unionists, or worried pensioners, or college graduates anxious about the job market. There's a shared sense that the economy is broken from top to bottom and the all encompassing struggle is that of the tiny elite against the many. The group's campaigns, for example, reach out to immigrants and directly counter reactionary percolations of xenophobia among the dispossessed.

Moreover, the radical left's organizing philosophy seems to transcend conventional divisions among workers—across sectors, geography, generation and employment status. The conservative diagnosis for the Greek malaise is an inefficient “two-tier” top-heavy workforce, saddled with gluttonous underperforming bureaucrats, while younger workers are shut out of opportunities. Parroting a neoliberal canard (often echoed in the U.S. when debating pay and benefits for senior versus younger workers, or public versus private sector workers), Greek commentator George Kirtsos told NPR: "Those who control the system that are in [their] 50s or 60s sent a bill of their own failure to the younger generation."

But radical New School economist Richard Wolff told ITT these are classic divide-and-conquer tactics:

The tension between older and younger workers is and should be understood as a minor dimension of the much larger crisis of capitalism as a system that is unfolding before and all around us. Worse, this minor dimension risks being utilized by right-wing forces to distract attention from the systemic roots and dimensions of the crisis. In Europe, for example, those in power seek to transform a struggle pitting workers and citizens against austerity agendas (happening in all European countries) into a nationalistically inflected struggle between, say, northern and southern Europeans. This is articulated as hard-working and frugal northerners versus spendthrift southerners.

Another parallel distraction entails pitting private sector against public sector workers. Inside Greece, for example, this distracts attention away from struggles against austerity that unite all workers.

In the coming weeks, American media and officials will no doubt issue sneering dismissals of Occupied Wall Street, predicting that youthful activists will chafe against the involvement of established labor and political groups, or unions will distance themselves from more radical elements in the movement, or that the inability to agree on a ten-point agenda will sunder the delicate coalition.

But from the ragged edges of Europe to the heart of American capital, Greece can still deliver a prescient lesson in solidarity and direct democracy: in any economic system that feeds off, and ultimately destroys itself through, unbridled selfishness, the best alternative ordinary people can seek is to find common ground to occupy... and hold on tight.


Cross-posted from In These Times.

 
 
 

Follow Michelle Chen on Twitter: www.twitter.com/meeshellchen

 
 
  • Comments
  • 25
  • Pending Comments
  • 0
  • View FAQ
Comments are closed for this entry
View All
Favorites
Recency  | 
Popularity
HUFFPOST SUPER USER
CollectiveNotIndividual
08:49 PM on 10/10/2011
Lazy farmer grows 20 bags of corn each year....but lazy farmer eats 40 bags of corn each year. How does he pull this off? By borrowing the extra corn from a very hard working farmer that lives down the road. But then one day hard working farmer realizes that lazy farmer will never pay the corn back....so he stops lending. Does lazy farmer start eating less? or working harder? No....lazy farmer goes out to the streets in protest.
oilfield
large employer per obamacare
11:32 AM on 10/11/2011
government makes productive farmer give to lazy farmer.....productive farmer can quit.
photo
HUFFPOST SUPER USER
sylvialafair
12:23 PM on 10/10/2011
Good synthesis and comparison/contrast of situations in Greece and U.S. Here is another thought about the core, the deep underbelly of what is happening in so many places around the world. It is partly concerning the rise of women in business, speaking out at every level in ways not seen before. The feminine way is to see societies and leadership as facilitating and nurturing, rather than control or direction. Work and life are approached more from a process-oriented rather than product-oriented manner. There is a basic ideal that relationships are about seeing others as equal. This is not just for women, it is for all men to engage in and include these values as we move forward from the older patriarchial organizatioin of society.
Underneath the anger that is obvious in the demonstrations is a yearning for a new way of organizing the world of work, the way we live. This is an exciting time to focus on developing all people's skills and talents and strengthening self-reliance. History has shown over and over that when central governments fail, local citizen groups rise up. Isn't this what is happening now?
Sylvia Lafair author "GUTSY: How Women Leaders Make Change"
photo
Aikaterina
A Greek-American living in California
11:48 AM on 10/10/2011
The executives on Wall St. are nowhere near to "quaking" since they own the government. Most of the top political appointees (Treasury, Fed, Commerce, et al) are former Wall St. executives, and/or have very close ties-associations with Wall St. firms.

That explains why TARP was given without preconditions, scrutiny, accountability, and only to those firms associated with or who had business dealing with Goldman-Sachs. Hank Paulson was former CEO of that firm, while Lehman & Bear-Stearns were allowed to collapse (eliminating G.S. competition).

It wasn't just that we bailed bankers out from their own failures (consequences of their own mismanagement, abject greed, unethical and in some cases illegal practices), but that TARP was used for posh junkets, obscene bonuses, mergers-acquisitions making those "too-big-to-fail" institutions even larger, and for more lawyers-lobbyists to persuade (aka bribe) lawmakers to enable and encourage them to continue reckless speculation and abusive-predatory practices. BTW: TARP did not cost $700-billion, but with 0-interest Fed loans + guarantees against future losses, will end up costing $2.9-trillion. Worse, it's only a matter of time until the next melt-down/collapse.
photo
fairwayhill
1948 Palestine belongs to the Palestinians
11:24 AM on 10/10/2011
Greece should completely eliminate the budget deficit or get out of the euro.
12:28 PM on 10/10/2011
A one sentence, two thought answer to a very complex and intractable problem is not very intelligent or shows a command of the problem being discuss.
09:35 AM on 10/10/2011
I agree that there is a good chance that social peace (and perhaps even democracy) might become at risk in Greece. But it must nevertheless be clear that Greece is now only at the beginning of an economic adjustment process which will reduce the standard of living of Greeks to a level of 10 years ago or even more. That is a mathematical certainty (and not really a function of economics). The only question is whether it takes place in the form of a shock or gradually over time.

For decades now, Greece has not been able to achieve a good standard of living on her own. First it was the guest-workers' remittances to Greece and then the EU grants. Both were "gifts" and didn't have to be paid back. And since the Euro, it has been cheap loans which financed the Greek standard of living. 388 billion EUR flowed to Greece (net) from 2001-10. If money does not continue to flow to Greece, the economy will come to a grinding halt; poverty will be seen at all corners of the country. Greece does not produce very much and exports even less. Her standard of living depends on imports which can not longer be paid for if and when Greece is no longer given the money to pay for them.

http://klauskastner.blogspot.com/2011/09/endgame-for-greece.html
HUFFPOST SUPER USER
frank1946
Tell the Truth
08:02 AM on 10/10/2011
Greece has nothing to do with "OccupyWallStreet" since the latter is paid for with UNION and
George SOROS' Money !

"No More DEBT Economy" on two signs at local "OccupyWallStreet" Site on Sunday.

Seems like the entire Greek Economy works on DEBT/Public Spending. Isn't that what the DEMS
want America to do ? France has a large part of it's Banking Loans in Greece ? Serial Default
looks like the RESULT to this Kid ! So, Let's DO It in America ?

Why does Europe always get into Trouble every 30 Years ?
12:44 PM on 10/10/2011
Why does America feel the need to invade a country every 20 years and kill alot of people,since you say your a kid may i suggest that you broaden your horizons both intellectually and culturally. Because there are forces out there that play ignorant and ill informed people like you for all their worth.
photo
OzzieTonto
“Hatred, the only thing that lasts.”
06:28 AM on 10/10/2011
Ms Chen, please forgive the obtuse comments. The Americans are still fighting the Cold War: it hasn't dawned on them that socialism (welfare state) can co-exist with free market capitalism. This is no doubt why the extreme capitalist rich are winning against the many.
The vibe from Greece is quite bracing, when compared to the livid division among Americans. So clearly, the future will not emerge from the New World, but from the Greeks, (whom I have seen slandered on mainstream Australian media just as you've described). Those, such as the Argentines, those, such as the Bolivarians, the Asians, the Icelanders, have woken up, and taken back the economy from the vampires.
Thank you for your article.
photo
Kai-HK
Don't Share My Wealth! Share My Work Ethic!
01:53 AM on 10/10/2011
Ms Chen:

You state, ‘While we may be inspired to see a leaderless mass movement finally crystallizing in U.S. cities, the American occupations still can't hold a candle to the fire raging across Greece.’

I agree, the Tea Party has been inspirational and it is good to see the OWS supporters picking most of their already well-made points. I did not know you were such a supporter of their inspirational movement.

You state, ‘Wilder than the spontaneous encampments in New York, Boston and other cities, the Greek tempests of the past several months have been persistent and rancorous enough to actually shake up the trading floor and the halls of Eurozone-IMF officialdom, as the troika hover, anxious and vulture-like, over a smoldering pyre of sovereign debt.’

Thanks for aptly pointing out another reason for us to turn our backs on a European-style welfare state, start to reign in our debt in a serious manner via government spending cuts, and neuter the ruinous effect that our bloated public union class is having on our economy. Your point is well-taken.

You state, ‘The Greek left is working to harness widespread bitterness into a united front against austerity, linking unions, the jobless young, professionals and laborers.’

Or a more apt description, ‘assembling a big group of takers so they can marhc en-masse and demand more free stuff from the government at someone else’ expense instead of admit that THEY are the problem’

Kai
photo
HUFFPOST SUPER USER
spinotter11
Spinning through life and trying to understand it.
11:00 PM on 10/09/2011
Does the United States want to become more like Greece or more like Germany? I know what my answer is. But I am afraid that we are choosing the wrong model - olive oil, anyone, or sauerkraut?
10:09 PM on 10/09/2011
All that talk of resistance sounds well and good, but if they are not going to adopt austerity measures and reform their economy, the rest of Europe simply won't loan them any more money. And in that event, they are going to have a worse crash than the one they are experiencing now.
photo
HUFFPOST SUPER USER
BrianPK80
Wisdom is having more questions than answers.
12:55 PM on 10/10/2011
Foolishness. Blaming the Greek population for what its government and rapacious international finance did is as silly as blaming me for Dick Cheney's endless wars.
09:56 PM on 10/10/2011
Blaming? I did not say anything about blaming anyone. I have my thoughts on who is to "blame" and, IMO, there is plenty to go around. But what difference does it make? The decision to loan money or not to Greece is not going to be based on "blame" but on whether it is a sensible risk that needs to be taken.
HUFFPOST SUPER USER
CollectiveNotIndividual
09:06 PM on 10/09/2011
The article states "Despite the draconian austerity policies, writes Times columnist Floyd Norris, virtually nothing could persuade the Greeks at this point to swallow more misery:"
_____________________________

No...but they could be forced to swallow more misery. If the Euro gives them the boot (whcih they should) the Greace would have exactly one choice: annual consumption must equal annual production. There is nothing wrong with a country and/or government matching consumption with productions. Greace should do it and so should the United States.
photo
HUFFPOST SUPER USER
spinotter11
Spinning through life and trying to understand it.
10:58 PM on 10/09/2011
Some say that if they return to the drachma, they will have more fiscal options. I am not an economist - is this true?
09:22 AM on 10/10/2011
Not really. I think at the very best (from what I read about it in the ongoing debate here in Germany) it's very risky, not only for them but for the Euro Zone as a whole.

First, their debt is booked in Euros. That wont change just because they change the currency. The effect of such an imbalance can currently be observed in Hungary, where people often took (then cheap) credit in Swiss currency to finance their homes. Now, since the Forint depreciated and the Swiss Franc appreciated, they can no longer pay back those credits.
But the most critical thing is this: What would happen? The neo-drachma would depreciate rapidly (no one dares saying were the free fall would stop). Knowing that and taking into account that you cannot prepare such a move over a weekend, the moment it became known people would rush to the banks and trying to get any cent from their accounts in Euro currency. Within a day Greece wouldn't have any banks any longer. The whole economy would collapse.

My personal thought on this: We cannot change the past. If it was possible then I suppose everyone would agree that Greece just should not join the Euro Zone.
But now they are part and whatever the solution is it must not be a proposal that simply tries the impossible: Change the past.
09:58 AM on 10/10/2011
What's getting (slowly) more and more traction in German politics right now is to establish a system, a plan for Greece pretty much along the lines how we rebuilt eastern Germany and using some of the institutions and policies we put in place to do so.
But this has somewhat of a downside: For a number of years, we put administration officials from western Germany into key positions in order to help building efficient structures. They also were granted a somewhat broader authority in the decision making process than they would have had in western Germany (so they could sort things out faster). ... Such a move (and I am not suggesting to use German officials but maybe Polish or Swedish or Norwegian officials) ofc conflicts with a strong sense of sovereignty in Greece. They'd need to trust that - much as in eastern Germany - this does not infringe their interests but is a pragmatic way out.
08:43 PM on 10/09/2011
Thank you for this very informative article. I have been reading some Greek blogs and I also was impressed with the show of solidarity. It's nice to know that the divide and conquer tactics don't always work. When you have priests (some at least) and communists agreeing with each other, that is really something. I had to chuckle when I heard a priest give his blessing to the yogurt that is being thrown at politicians.

I really would like to know how it ends. Will a direct democracy truly emerge? Or will people become demoralized and accept whatever measures are imposed on them? I can see it going either way, but I very much hope for the best for the people.

Much of the mainstream media has not been portraying the situation accurately. They don't mention that 1/4 people in Greece are below the poverty line and that the official rate of unemployment a few months ago was over 16%. And yet more job cuts, brutal cuts to pensions and wages, and tax hikes are coming.
09:38 AM on 10/10/2011
I do not really share your analysis, especially the part: "It's nice to know that the divide and conquer tactics don't always work."

I think that no one doubts that the whole Greek economy as it presents itself is inefficient and does not create the necessary revenues to maintain the lifestyle (with all that comes along). Somehow that gap has to be financed, the system needs to be repaired. And repair cannot just mean that everyone else in Europe is taxed and the money transferred to Greece. Not only the Greeks have a democracy and a public and an opinion.
But what seems to happen (and this is also divide and conquer) is that all blame is put on the whole rest of Europe and on their own government only inasmuch as they don't protest against the rest of Europe. On the other hand, 2600 (or 2400?, I read the number a while ago) families own more than 90% of Greece's wealth ... and are not properly called to help their nation because of the clientile political system and because they lack a system of tax collection that would allow to draw on these coffers.
09:39 AM on 10/10/2011
For example, as far as I understand, the initial negotiations between Greece and creditors agreed that Greece would raise an amount X in taxes and present a credible plan where and how they would do so. Their initial proposal was to place a tax on Greece's wealthy. Somehow, I would guess that lobbying played a major part, they suddenly figured out that they lacked the information necessary to raise that tax (I think it was because they have no working land registration authority) and so said they would raise VAT instead.
This is a decision which has only one "ownership": Greek politics. It's wrong to blame anyone else for that.
photo
HUFFPOST SUPER USER
Gadgetman
No sense of humor? That's not funny!
08:02 PM on 10/09/2011
I hardly think that Wall St is "quaking." They own Congress in this Corporate-Kleptocracy.