If Conventional Economic Weapons Work “Nuclear Option” is Out

The Samaras Government by stupendous, sagacious, and painful efforts, and by using “conventional economic weapons,” is pulling Greece out of its economic crisis. For the first time after four years, Greece next week will be able to borrow funds on the international financial markets.

I’m republishing this short reply that took place early in 2012, for the readers of this blog.

By Con George-Kotzabasis

A reply to Bruce Wilder, suggesting default for Greece and Italy as the remedy for their economic crisis.

In serious discussion it is wise to enter it carrying a sieve in one’s hands to separate the wheat from the chaff.

Your crystal clear “efficient calculating machine” that would implement your proposal of default, would be no other than a wise, brave, imaginative, and humane technocrat. So what exactly you have against technocrats? They are OK if they adopt your plan and only transported to Hades in toto for their ‘mortal sins’, if they don’t! Default was and is always an option. The distinguished economist Deepak Lal and exponent of the Austrian School of economics, long ago suggested such a schema. Lucas Papademos and Mario Monti, Prime Ministers of Greece and Italy respectively, both presumably have this option in their arsenal to be used as a last resort if everything else fails. But before they use this ‘nuclear’ option, they must try, and be given the right by all objective analysts and commentators, to resolve this economic crisis by ‘conventional’ means that could avoid a default which would open a big hole in their countries GDP and throw their people into pauperization for decades to come.

The Danger of Tyros Handling War Strategy

I’m republishing this short piece that was written on October, 2007, for the readers of this blog.

A short reply by Con George-Kotzabasis to:

Clinton’s Statement on Kyl-Lieberman Resolution Washington Note, September 30, 2007

Like the two eminent commentators of the New York Times Paul Krugman and Frank Rich, respectable in their own professions as an economist and art critic respectably, and a bevy of politicians like Nancy Pelosi and Harry Reid, not so respectable because of their populist stunt, all of them being novices par excellence in the affairs of war who have attempted to pass judgment on the war in Iraq and cashier its victory despite evidence to the contrary, we now have another “tired less” tyro joining them in war strategy. The scholar and blogger Steven Clemons of the Washington Note. Clemons indirectly rebukes Senator Clinton for her support and vote of the Kyl-Lieberman resolution that designates the Iranian Revolutionary Guard as a terrorist organization, fearing that this will allow Bush to manipulate this resolution and use it to attack Iran.

He calls therefore on Senator Clinton to exercise “leadership in passing an explicit Senate resolution forbidding Bush from taking action against Iran without clear advice and consent from Congress”. But such action is not a declaration of war against Iran needing the authorization of Congress. It’s a strategic force de frappe on the part of the US against Iran in which the elements of secrecy and surprise are pivotal and decisive in the success of such an attack. Therefore Clemons’ call is strategically oxymoronic.

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Pasok Jeopardizes Greek Government by Refusing to Pay Twenty-five Euros

By Con George-Kotzabasis

The present politically negative stand of Pasok to the Samaras government introduction of the payment of twenty-five euros for medical treatment in public hospitals for those who can afford to pay it is utterly unwise and politically reprehensible and condemnable as it could destabilize the coalition government of New Democracy and Pasok. The latter must realize that its political fortune and éclat is tied up solely with the success of the Samaras government in pulling the country out of the crisis and by putting it on the trajectory of economic development and hence to the gradual reduction of unemployment, and not on any ephemeral gains, on the polls. In the event which is most unlikely that the electorate will not render to Pasok the justified plaudits for the economic success of the government, history will pass the ultimate judgment and write in golden letters the prudent participation of Pasok in the formation of the Samaras government as its ultimate contribution toward saving Greece from economic and political catastrophe.

This stupendous success of the Coalition Government will erase all other parties, from Syriza to the Golden Dawn, from the electoral map and will be their Nemesis for their sinister and perfidious populist policies that shamelessly deceived a sizeable part of the people by their totally false promises and completely screwball inapplicable policies. Only New Democracy and Pasok will reap the fruits of this tremendous success that had prevented Greece from falling into the abyss of disaster. It is for this reason that Pasok must immediately cease its adverse stand toward the twenty-five euro payment whose raison d’etre is the restructuring of the medical system so it can render better services to its more indigent patients.

Serious economic analysts both within and outside Greece are forecasting that the country by the end of 2014 will be out of the economic crisis as a result of the painful but necessary austerity measures that the Samaras government had taken, by reducing the public sector that impeded economic growth, by privatizing public corporations, and by making the economy more competitive and entrepreneurial. Hence the prudent policies of the Samaras government would draw foreign investment into the country that in turn would lead to the resurgence of the economy and for the first time in six years 2014 would show, according to economic predictions, a fiscal surplus and a small growth of 0.5 in Gross Domestic Product.

Needless to say political stability is a prerequisite for starting a spree of investment. Pasok by foolishly shaking this stability for electoral interests apparently seems to be unaware that by doing so it hinders and discourages indigenous and international entrepreneurs from making any investments that are so vital for the economic recovery of the country.

It is this great achievement of the government in pulling Greece out of the crisis that Pasok in an unprecedented conduct of political frivolity could jeopardize by refusing to pay a twenty-five euro fee for treatment in a public hospital, which could bring about the collapse of the Samaras government.

Obama Diminishes Trust of Allies and Increases Confidence of Enemies

I’m republishing this piece that was written on October 2011.

By Con George-Kotzabasis

Barack Obama has been elected as president of the most powerful nation in the world that since the end of the Second World War has been the bulwark of freedom against its infernal enemies, i.e., the former Soviet Union and its allies. In the twentieth-first century Western civilization is threatened by a new implacable and irreconcilable enemy, fanatical Islam; and the USA is the only nation in the world that can defeat this foe. But president Obama has already failed both tests of “knowing thy enemy,” and as a sagacious strong respectful leader. He has weakened America both before the eyes of its friends and allies and, most dangerously, its enemies.

The nations of Eastern Europe are rapidly losing their trust toward the US that the latter will protect and defend their interests and security, since Obama’s withdrawal of the missile defence shield from Poland and Czechoslovakia and his concessions to the Russians. And the enemies of America, such as Iran and its multiple terrorist proxies are heartened and have increased their confidence that in Obama they have before them a giant eunuch who is incapable and unwilling to use force, even as a last resort, against them. Since Obama has replaced America’s superpower ‘Jupiterian’ bolt diplomacy with olive branches toward them.

The “dangerous scenarios,” of which you are concerned with, are already in their incubatory stage: a nuclear armed Iran that would start a proliferation of nuclear weapons in the region with all the great dangers that would issue from such proliferation, especially in a region that is replete with the votaries of fanatical Islam. Thus to your question what kind of advice one would give to Obama in such an impending crisis, it would be the most heavily ‘armed advice’ that would fall on his shoulders. But Obama has neither the spine nor the balls to carry such heavy advice on his morally rickety frame, and least of all bring it to fruition as a last resort. Thus any strong advice given to a congenitally weak president would be a barren exercise.

The Mechanistic Thinking of Civil Libertarians

I’m republishing this short piece for the readers of this Blog.

A reply by Con George-Kotzabasis to: Keeping Australia Safe By An Improper Exercise Of Power  By Surya Deva

On Line Opinion  July 28, 2007

The mechanistic thinking and unimaginative conclusions of this article are typical of someone who has been trained in legal studies and who carries proudly and aloft the banner of the civil libertarians. The latter as yet cannot see the great distinction between a crime committed and a crime prevented and the distinct ways and means that are needed to apprehend its felons in each case.

Everyone knows when a crime is committed. But no one knows when a crime is going to be committed. And it’s much easier to search and find the suspects of the former, but it’s by far more difficult to identify the suspects of the latter. And while it might be easy to catch a felon who committed a crime and bring him/her to justice with the existing laws, it’s almost impossible to apprehend and bring to justice someone who is preparing to commit a crime with the same laws. It’s like in medicine. While one can cure a known and an occurring disease with the current remedies of medical science, one cannot prevent a relatively unknown deadly disease from spreading with the same remedies and one has to resort to hard and drastic measures to stop it from happening.

Likewise in the age of terror to prevent a terrorist action from occurring, one has to take drastic, if not draconian, measures against it, because the conventional existing laws are totally ineffective to stop it.It’s because of this cerebral inability mechanistic thinking of civil libertarians to see the fundamental distinction between a crime committed and a crime prevented and the different “remedies” that apply in each case, that all their strictures and arguments against the incursions of governments on people’s civil liberties, are trite, irrelevant, and intellectually out of depth. 

Your opinion on this issue…