Yesterday roughly 70% of the Greek voters said “No!” to austerity (despite same same proportion still wishing to remain within the Europe!)  At the same time the French voters voted for Hollande and his anti-austerity platform.  So both sets of people want to get better, economically speaking, but refused to take their ‘medicine’.  This is another interesting example of people having to see their needs being met in order to accept Change.  I’m not saying that the previous regimes necessarily had all the answers but the idea of spending your way out of this debt crisis seems madness.  The incumbent’s errors lay in the fact that they were unable to persuade their electorates that the vile tasting medicine was going to make them better, economically speaking.  If the amount of pain the ‘cure’ is delivering is equal to that you are currently suffering, or about to suffer, then you are unlikely to take the medicine.  If people have to choose between pain today or pain tomorrow, they will always, always choose the latter.

 

“Politicians and diapers should be changed frequently and all for the same reason.”  José Maria de Eça de Queiroz

“An election is coming.  Universal peace is declared, and the foxes have a sincere interest in prolonging the lives of the poultry.”  George Eliot