Tuesday, July 7, 2015

Chris Bickerton — Syriza has not been radical enough

The right response to the current crisis is to dismantle the Eurozone. As it stands, there is no way of reconciling national democracy with a continued commitment to Eurozone membership.
Ever since it was created, the common currency has served to sharpen the differences between national economies in Europe. Diverging rates of competitiveness were masked by easy access to credit, something which ended in 2009. We are left with a situation where national populations are expected to bear the full brunt of adjustment whilst governments have no freedom of manoeuvre in either monetary or fiscal policy. 
These sorts of expectations about internal adjustment to wages and prices are what brought the Gold Standard to an end, precisely because it became incompatible with national democracy. Only the involution of national democracy and the abandonment by the Left of its belief in national self-determination has allowed the Eurozone to survive thus far. It should be dismantled in order that national populations across Europe have a greater control over their fate.…
the current moment
Syriza has not been radical enough
Chris Bickerton

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