Wednesday, June 17, 2015

A National Capitulation

I am not suggesting that Greece needs to surrender her sovereignty to pay off debt. I am not recommending Greece give up her patrimony to satisfy international creditors. I would never tolerate austerity measures so severe that Greeks starve. I also realize that socialism will not solve the economic problem Greece is facing. In fact, socialism has exacerbated the difficulties Greece must overcome. Greece must maintain a degree of austerity until debts are paid down. Greece must also expand opportunity by reducing bureaucracy to open the door to free enterprise to help grow a more prosperous economy. More government will not save Greece. More capitalism might.

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