The Bald Eagle

The Bald Eagle

Friday, July 3, 2015

Viewpoint: Will We Ever Learn?

1933- Signs of discontent, distrust, and jealousy arose in Europe, no longer hiding behind the smiling face of tolerance. The burdens placed upon the German people through the Treaty of Versailles, after losing the First World War caused anger and frustration to smother beneath the surface. Hunger, inflation, rising costs, and joblessness created clusters of dissatisfied people who grumbled.

That the Treaty of Versailles, with its failure to reach an agreement on reparation and Article 231, (the War-Guilt Clause), would play a leading role in starting the second world war, only a few people considered possible.  One of the few was Economist John Maynard Keyes, who thought the ordinances set down in the Versailles Treaty too harsh.  Keyes considered that treaties overlooking the food, fuel, and finance would exacerbate the situation.1 Keyes was right. For many Germans, to this day, the Treaty of Versailles broke their necks while humiliating and stripping them of their pride.

This year, 2015, that same wind blows, not in Germany but Greece; not because of war, but because of the economic collapse of Fannie Mae and Freddie Mac, in the United States, in 2008; which led to the Great Recession.  The corrosive nature of that recession has put Greece in the begging role and subjects them to the hands of non-compromising politicians, whose main concerns are securing their own country’s safety, instead of the welfare of their sister nation, Greece.2

Soup lines, homeless sleeping on streets, beggars pushing carts, begging, while the initial instigators of their presence crisis discuss how to repay a debt that began with the negligence to institute proper controls, just as the Treaty of Versailles neglected to devise a method that would ensure that the German people survive with their self-esteem intact. 

The Greek debt must be paid, but does this mean humiliating the Greek working class who has no millions stashed away in bank accounts in Luxembourg or Switzerland or on the Cayman Islands.

The question should not be whether or not the Greeks pay their debt, but whether they will be allowed to pay it back with dignity and room to breathe.  History has shown us repeatedly that when the feet of those who have much hold down the feet of those who have little rebellion comes. Will history repeat itself, once again?  

Will we ever learn?














Shalom,
Pat Garcia





1. The Treaty of Versailles and its Consequences. Europe Between the Wars Dr. Julian Casanova, University of Notre Dame, 16 December 2001. James J. Atkinson ↩︎
2. The Political Consequences of the Great Recession in Europe. EuroCrisis in the Press ↩︎

8 comments:

  1. I've been dismayed at how little we learn from the past. We repeat the same things over and over. People panic unnecessarily in the same way repeatedly. Watching what's happening with Greece has been sad.

    ReplyDelete
    Replies
    1. Hi Shannon,
      Oh how I can identify and agree with what you're saying. It seems as if we repeat the same mistakes over and over.
      Thank you so much for dropping by and sharing your thoughts.
      Shalom,
      Patricia

      Delete
  2. Excellent piece Patricia thank you ...

    ReplyDelete
    Replies
    1. Hi Susan,
      Thank you so much for dropping by.
      Shalom,
      Patricia

      Delete
  3. I agree with Shannon, Patricia. There IS a way to compromise; I have heard leaders of some nations speak of it. One is to forgive the Greek debt and to allow them to move forward responsibly. To lose Greece from the EU, relative to history and posterity, in my opinion, is unforgivable. When will they ever learn? Europeans have been playing Pacman for over 100 years -- well, hundreds more, actually. Thanks for addressing this crucial issue.

    Shalom

    ReplyDelete
    Replies
    1. Hi Samantha,
      Yes, you're so right. There is a way to compromise but does Europe want to find a compromise or exercise its strong muscles. At the moment, it seems as if the European Union is determined to humiliate Greece to put a scare on the other countries that could fall into the same situation.
      Thank you so much for dropping by my dear and sharing your thoughts.
      Shalom,
      Patriciqa

      Delete
  4. It's important to remember the Treaty of Versailles, and the bitterness it created, the fertile ground for dictatorship.
    Today's economic system of exchange works with virtual assets and debts, needs debts to function at all, complex, interdependent and eingewickelt. Not just Greece, we all live a borrowed life on borrowed funds. If one country is made a scapegoat then the cracks of this weird global system where conglomerates rule, will show.

    ReplyDelete
    Replies
    1. Hi Ashen,
      Agreed the world economic system of exchange works with virtual assets and debts and that all of the countries are living on borrowed funds but the problem becomes detrimental when those countries that have developed to a certain degree of economical wealth begin to hoard the resources and exercise or imposed rights upon other countries at the exclusion of themselves. They have their piece of the pie and are unwilling to relinquish any of it or to adjust their own standards of living because they are only looking out for the welfare of their own country.
      Thank you so much for dropping by and sharing your thoughts.
      Shalom,
      Patricia

      Delete

Your comment is waiting approval. Thank you for dropping by. Shalom, Pat Garcia