moved 2 crete wrote:
with you all the way Warwick but answer the question, what is the correct democratic alteranative?
There is no democratic alternative. Democracy so often gets things wrong.
Democracy is the reason we're in this mess in the first place - the reason we have Brexit and Trump - seemingly, the reason Germany had Hitler.
Personally, I believe that each person should pass an exam before they are allowed to vote - they should have lessons in critical thinking and what it means to be a citizen. People so often vote without thinking of the consequences of their actions, and as you can see in most countries, politicians are adept at making turkeys vote for christmas (basically by lying and fear-mongering, with the backing of an elite-owned media - but since there is no recourse available to combat this, they can get away with it)
I tend to agree with Chomsky, who seems to advocate anarcho-syndicalism, but I'm not sure how that would work in the real world, where we have people who are just contrary for reasons of 'being contrary', and 1 in a 100 who are just sociopathic. Anarcho-syndicalism seems to require everyone to be sensible and rational.
Failing this, I've always believed in the benign dictatorship scenario, and while I respect Warwick, I would prefer Chomsky to be that dictator.
Going back to the original post - I see the taxing of cash withdrawals as a short-term goal, finally resulting in the withdrawal of physical money, and the imposition of electronic transfers. This is the way governments want money to go - everything will be traceable (and taxable).
In the short-term, however, this policy will be bad for banks and the government - before the measures come into force, people will withdraw as much as they can and there will be a 'wash' of cash which will circulate in a grey economy, which will be hidden to the government. (Tax receipts will actually go *down*) They will only have sight of money that has to be paid as salaries into bank accounts, but not the grey money. Banks will lose because their capital reserves will decrease.
Given that this will occur in Greece - how many people keep very much money in the bank, in the first place? How many Greek people actually have that much money? (I'm betting on a very small fraction)
As usual, I see this headline as the political classes "putting an idea out there, and seeing how much reaction there is to it", before deciding whether it is implementable or not. This seems to happen a lot in Greece, but it's gaining momentum in most other countries too.