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On Greekonomics

There are many hilarious reasons for the Greek’s present debt crisis but this one is the jewel. The Government created a committee to manage Lake Kopais. The committee had been working sincerely ever since and earning their worth until now. Just that the lake had dried up and disappeared since 1930.

The other tummy-ripping-funny story that comes close to that is from the Indian Administration. A particular state had a lot of sandal-wood trees in its forests that needed to be protected from smugglers. The rangers demanded horses for their surveillance. So a committee was formed to procure horses. These jokers swindled all the money and returned back with some ‘don’t-know-whats’ that come out of crossing horses and donkeys. The rangers found them only as useful as a rubber mouth on a wood-pecker and stopped using them. The brilliant committee did not even check for the genders and the animals started reproducing profusely. Thus the committee found its reason for existence - maintaining these otherwise precious ‘Government assets’.

Back to the Greeks in a SpongeBob borrowed quote !

"What am I now? Moron? No, Greek? What's the difference?"

With all the corruption, clientelism and squandering, these dim wits were cruising for a bruising as in the ‘parable of the boiled frog’. And this is the celebrated cradle of Western civilization and the birthplace of reason and democracy. How sad!

On a serious note, I cant stop pondering these questions below

  1. Is there such a thing still left as ‘the interest of the whole is above the interest of the individual’?

  2. Where is the fairness in wealth distribution? The squandering riches get easy piecey bail-outs against a honest hard worker that struggles to even get a job?

  3. How much study was done on the merits of just not bailing them out – the US banks? The Greeks? Will the recovery be harder? But cleaner and fail safe?

  4. How are we punishing the greedy who brings the system down?

  5. Does the line of control exist for recession proofing the economy?

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