LETTER: False promises of economic freedom

Spending money increases the wealth of a nation and supports a healthy middle-class

Rather than acting like the sky is falling, I`m okay with the anti-austerity Syriza Party, and its leader Alexis Tsipras, winning the Greek election. Pure socialism doesn`t work but neither does this evil coming from the far right conservative economic policies – currently being celebrated in Davos – which have crippled the world`s economies with the lie that only through austerity can prosperity be achieved.

This is not to say that Greece didn`t need to deal with its debt load long before the German-dominated EU and the IMF became involved. But let`s not forget that it was Western banks that loaned Greece far more than it could ever be expected to pay back. The Koch Brothers were no small players in the Greek economic collapse. When two brothers can destroy a country it is time to take a long hard look at an economic and political system which allows it with impunity.

So I for one am quite happy that finally one country has given the middle digit to austerity. What people who support the false promises of economic freedom and austerity fail to understand, that while it is good when individuals act in a frugal manner, it is economic suicide for a country to do the same when spending money increases the wealth of a nation and supports a healthy middle-class.

The brutal attack on Greece by the IMF and Germany, aided and abetted by those attending Davos, is a warning to all of us who value democracy in the face of those who prefer that we submit to the rule of the CEOs and the one percenters.

If we do not start listening to the sanity of what that French economist has said about the world`s economy and, indeed, society itself, will collapse.

Robert Rock

Mission

Abbotsford News