For decades Libertarians and Republicans have been saying the economic and social policies of the left were destined to be catastrophic. Eventually all looters stop. There are only three options; 1) They stop because they realize theft is wrong, 2) They are stopped by force, or 3) They run out of places to loot.
Greece is the harbinger of our future and has the opportunity to select their option. Yet even now many do not see impending doom crashing in on them:
Riding a wave of anger to rise from obscurity to contender for power, leftist SYRIZA leader Alexis Tsipras, 37, promises to reject the punishing terms of the 130 billion euro ($163.75 billion) bailout if he wins the nail-biter vote on Sunday.
On the right, establishment heir and New Democracy leader Antonis Samaras, 61, says that would send Greece crashing out of the single currency and condemn it to even greater economic calamity.
With the election set to go down to the wire, European leaders weighed in on Saturday, urging Greeks to vote with their heads.
The bailout will not be renegotiated, warned German Chancellor Angela Merkel, whose country’s wealth is vital to shoring up its weaker partners in the bloc.
Some global businesses and banks are already in retreat: Europe’s biggest retailer, Carrefour, said on Friday it was selling up in Greece, a day after French bank Credit Agricole moved to take direct control of its Albanian, Bulgarian and Romanian units from its Greek bank Emporiki.
On Saturday, Germany’s Biotest appeared to become the first drugmaker to say it was exiting the Greek market in July after its customers there failed to pay outstanding bills of 7 million euros. Others have threatened to do likewise, as the Greek health sector struggles with huge spending cuts.
Spain and Italy will probably be next in line to make a choice.
When it comes time for the American left to select an option which do you think it will be? And will those that oppose them be ready if the left choses options 2) or 3)?