Greece is no more indicative of Europe than is Utah indicative of the entire
United States. When will people get this trough their heads. When you do
analysis on the european economy, Greece simple doesn't ever register on
anyones rankings for business opportunity. It is a blip on the european map.
But then to claim that somehow Europe is avoiding the root of
Greece's problem rings so hallow when you compare it to the same level of
change that was "required" of the US when we had to bail out our own
banking system. I know it seems a long time ago, but lets flash back to 2008
when the world had to come to the US aide in buying US debt so we could bail out
our own banking system. Now just ponder what real change has been beee enacted
here to our own banks and financial markets. Not much.So lets not
go running around pretending we have all the answers. It wasn't too long
ago we were on the brink of our own financial met down.
The problem in Greece isn't entitlement reform. That's symptomatic of
much much larger problems. The problem in Greece is a complete collapse of any
larger sense of civic responsibility. Among the problems in Greece is that
nobody pays taxes. Tax cheats comprise, according to one study, 100% of their
national legislature. The US is nothing whatsoever like Greece.
"To Accommodate is to be Abused" ('Alama 'Ulu'ave). It
is only a matter of time before the people abuse those entities accommodating
(enabling)them: the banks, government, UE, world economy, etc). The same could
be said of entities that people, for so long now, have unwisely accommodated.