Tag Archives: structural adjustment

Parallels Between Greece and California

Greece has been featured heavily in the news lately because of its ‘dire’ economic situation and the steps the European Union has taken to ‘bail it out’. Here is our comrade Sycorax’s analysis of why the economic situation in Greece actually shares some similarities with what’s going on in California.

Here’s the first post on the parallels:

Parallels between Greece and California: Understanding the Budget Cuts Means Understanding the Way our Global Economic System Works

Greek Farmers Blockading the Border Between Greece and Bulgaria

There’s also some coverage of the General Strikes that have been going on in Greece, which are also very applicable to the situation in California. Greece has had serious austerity measures placed on it, and there is tremendous pressure from the entire EU being put on Greece to cut its government spending.

In response, Greek public sector workers are not backing down. Their declaration? We did not make the crisis and we will not pay for it. This is a war on workers and we will respond with war.

Greek Public Workers on Strike

Check it out: Greek Public Workers on Strike!

So, what do ya’ll think? Parallels between Greece and California, is the comparison valid or not? What can we learn from both the crisis and the resistance to it, here and abroad?

Something to marinate on.

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