
On January 1, 2016, 1% of the world’s population will own 50% of the world’s wealth, according to Oxfam.
On January 26, 2015 Alexis Tsipras will be in the process of forming a new anti-austerity government in Greece. Some believe this will be a new beginning not only for Greece, but for the world–if others follow the Greeks in resisting the domination of their economies by the international monetary interests that represent the 1%.
The bondholders and the international press tend to portray the Greek economic crisis as a morality play in which foolish Greeks borrowed too much and must suffer the consequences to pay back their loans. If Greece were a lazy teenager appearing on Judge Judy, tough love might be the answer.
But this simplistic equation cannot be made to work for a country of 10 million people, only some of whom colluded in taking out loans they could not pay back. Continue reading “The Greek Elections and the 1% by Carol P. Christ”

