Saturday, May 12, 2012

France and Greece Reject Austerity

I am breathing a breath of fresh air after the French and Greek elections last Sunday. I'm not saying that the results were completely positive, but it is clear that the people of both countries unequivocally rejected austerity and making the middle and lower classes pay so that the rich can hang on to their wealth. I am especially happy that Hollande and the left-wing socialist party won in France.

The news in Greece is more mixed unfortunately. The vote was split between a few parties, who will now try to form a coalition. A lefty block ruling the country wouldn't be bad, but it's scare that the far right is gaining in popularity. The Neo-Nazi party New Dawn scares the bejeezus out of me and it's even more frightening that they got 7% of the vote. How anyone can vote for a nazi party in the modern world is beyond me, even during a severe economic depression.

It's scary, but this whole thing is reminding me of the 1930's, as struggling countries are becoming more nationalist and xenophobic and are electing insane right-wing parties who promise to fight back against the world. They are playing on the fear of people and appealing to the worst instincts of humanity!! This led to World War II last time, which was the only thing that got the world out of the depression: SPENDING on war machines. Let's hope it doesn't come to that again and governments realize that smart spending and tax reform now will end the problem without the need of bloodshed.

Below is more coverage on the French and Greek elections in video format.

French Election Results

Greek Election Results

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