Greeks have run out of other people’s money

29 Jun 15
Written by
Published in Economy

The Left, through its control of media, makes sure that destructive results of its policies are never traced back to its policies. What is happening in Greece is the result of socialism playing out in the city square. But you won’t know that by reading papers or watching TV.

Greece has enacted entitlements which assure the citizens a royal life just because they are born in Greece. For example everybody gets pension. Everybody means everybody. At the age of 57, you as a private or self employed person retire with full State pension.
There is another convenient provision- if you work in a hazardous profession, you can retire with full pension at the age of 50. There are about 450 professions classified as hazardous. One of them is hairdresser.Yep, you read that right, in Greece, hairdresser is a hazardous profession. So if you are a hairdresser, you can retire with full state pension at the age of 50.

All other entitlements- healthcare, education, unemployment benefits, housing, etc., are of course there.

With these securities in place, Greeks did what all other Europeans have done: They stopped having babies. If government is there to take care of you from cradle to grave, why go to the trouble of maintaining families and having babies?
Its fertility rate is just 1.41. (World Bank in fact put the figure at 1.29 in 2013) So there are not enough Greek nephews to take care of the old age pensions and medical care of Greek uncles.

Greeks are discovering the hard way the two inescapable facts of life:

1. Government doesn’t have infinite money

2. Government has no money of its own. If there are no taxpayers around, government earns nothing.

But uncles say,”We don’t give a damn. We don’t care how you arrange the money. Just keep our Welfare cheques coming. Otherwise we will burn down our own cities.”

An elderly man cries outside a bank in Thessaloniki Greece.

The dispute right now is that Greeks want their entitlements to continue, to be paid by the rest of Europe, whereas rest of Europeans are not ready to pick up the tab. How cruel of them, those Europeans! They all profess to be socialists but are not ready to take care their poor brethren in Greece.

What is happening in Greece, and in the rest of Europe as well, is that the latest avatar of Socialism-the Welfare State- has bombed big time. It was inevitable by the very design of Socialism.

Socialists through their control of media may put any spin to it, but the fact is that their latest project of collectivising only incomes (and not means of production or property) has also ended up destroying some of the richest and most advanced countries on the planet- the Welfare States of Europe.

Once citizenry is made to believe that they are entitled to other people's money, they do not stop till bankruptcy

Absolute and mathematical laws of nature apply to us all. Just as a family can not consume for long more than what it earns, so can not a country. When human beings came out of jungle to form human settlements, they had this sacred covenant,"Who doesn't work, doesn't eat "

Leftists more often than not succeed in convincing enough people that they can, and this covenant is nothing but a cruel stratagem of the haves. If you convince enough people that this covenant is nothing but a cruelty of the haves, you may indeed seize power through votes or through violence, but no majority is ever known to possess powers to suspend laws of nature. If all 100% people vote that when you jump off a cliff, you would go up, it doesn't happen that way. The law of gravity is indeed cruel, in a kind and merciful world we should just float gently in the air. But the law is there, and we have no choice about it.

Role of populist Politics

When the Greek government asked govt employees to be content with only 12 paycheques per year, instead of 14 as is the norm now, they burned down a govt bank, along with two employees in it. Welfare State turns citizen-state relationship to that of a drug-addict and drug pusher. Once citizens get addicted to freebies, short of total collapse nothing can convince them to give them up, almost in all cases. Brits rioted when govt asked them to pay a larger share of college expenses. And politicians are like the drug pusher. He can see he is killing his client. But he can't let go of his profits.


The moral is simple enough
We can not consume more than we produce. Nor individually as a family, nor collectively as a country
.. contrary to what socialism would want us to believe.


  • Comment Link Debragaf Wednesday, 15 March 2017 14:15 posted by Debragaf

    Dead Admin of,

    First of all, let me tell you, that you have a wonderfull website.
    My name is Debra and I'm a partner of Online Finance Investment company.

    I would like to propose you cooperation, which will allow you to receive a source of passive income.

    All you need to do is 3 simple steps:

    1. Register on the website and get promotinal links or banners.
    2. Invite your friends, using refferal links or use banners on your website.
    3. Receive % from each invited client and become rich.

    Also you can invest by yourself and receive 128% оf income in just one day!

    Invitation link: (just copy and paste in your browser)
    If you have any questions feel free to contac Online Finance via contact form on our website.


  • Comment Link Lurlene Ernsberger Friday, 17 February 2017 08:51 posted by Lurlene Ernsberger

    Good article but i would consider putting this to the list which will make the post perfect

  • Comment Link Ima Wednesday, 25 January 2017 11:58 posted by Ima

    I just couldn't go away your website prior to suggesting
    that I extremely loved the standard information a person supply to your guests?
    Is going to be again incessantly to inspect new posts

  • Comment Link Jacinto Saturday, 21 January 2017 23:25 posted by Jacinto

    Cool blog! Is your theme custom made or did you download it from somewhere?

    A theme like yours with a few simple adjustements would really make my blog jump out.

    Please let me know where you got your theme. Many thanks

  • Comment Link Brandon Rowe Thursday, 19 January 2017 18:14 posted by Brandon Rowe

    We are a full service contracting company and would love to help you out in anyway possible. We are a class "A" general contractor and specialize in property maintenance. Visit our website [url=""]Windows Virginia Beach[/url]

  • Comment Link Roosevelt Sunday, 15 January 2017 02:42 posted by Roosevelt

    Thanks to my father who told me concerning
    this blog, this web site is genuinely amazing.

  • Comment Link Kathi Bible Friday, 16 December 2016 04:42 posted by Kathi Bible

    Philippines Airlines

  • Comment Link Lance Thursday, 20 October 2016 06:23 posted by Lance

    Have your brother or good friend do it for you should
    you afraid of being caught.

  • Comment Link Eugena Tillinghast Thursday, 22 September 2016 22:04 posted by Eugena Tillinghast

    An attention-grabbing discussion is price comment. I feel that you should write extra on this matter, it may not be a taboo topic however generally individuals are not enough to talk on such topics. To the next. Cheers

  • Comment Link Kerrie Tuesday, 30 August 2016 18:45 posted by Kerrie

    Así que, Jaimito, mejora tu ortografía, estudia un poco y luego te
    atreves a hablar sobre lo que no sabes papi.

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.