Greece is the epicenter of the latest crisis of globalization -- the sovereign debt crisis. That country's prime minister, George Papandreou, has emerged as a key leader and thinker of the responsible left as he faces the challenge head on.
Unlike Greece, Venezuela controls its own foreign exchange, monetary, and fiscal policies. It can use expansionary fiscal and monetary policy to stimulate the economy, and also exchange rate policy by letting the currency float.
The Grecian revolt may prove to be the forerunner of similar events in Spain, Portugal, and across Europe. Our own Tea Party activism may be an intuitive awakening of people who feel it in their gut that something is not quite right.