July 7, 2015

CHOOSING TO DIE ALONE RATHER THAN LIVE TOGETHER:

Greece's Vote for Sovereignty (Dani Rodrik, 7/07/15, Project Syndicate)

In a vote on July 5, the Greek electorate resoundingly rejected demands for further austerity by the country's foreign creditors: the European Central Bank, the International Monetary Fund, and the other eurozone governments, led by Germany. Whatever the economic merits of the decision, the Greek people's voice rang loud and clear: We are not going to take it anymore. [...]

When the Greeks voted "no," they reaffirmed their democracy; but, more than that, they asserted the priority of their democracy over those in other eurozone countries. In other words, they asserted their national sovereignty - their right as a nation to determine their own economic, social, and political path. If the Greek referendum is a victory for anything, it is a victory for national sovereignty.

Much as we conservatives prefer to ignore the reality, globalization requires some surrender of sovereigny. It's a surrender we assent to because it increases wealth.  Nationalists refuse that surrender in preference for sovereignty and disregard of poverty.   





Posted by at July 7, 2015 2:11 PM
  

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