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 Post subject: Debtocracy
PostPosted: Mon Oct 06, 2014 6:41 am 
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Joined: Wed Sep 11, 2013 2:05 pm
Posts: 89
Location: Alpi Marittime
Quote:
The documentary traces the roots of the Greek debt back to the revolution of 1821 and the British loans that were issued. The documentary criticises the notion of that the Greek population, since it enjoyed the country's prosperity produced by past loans, is now accountable as a whole for the debts. Debtocracy argues Greek politicians encouraged too much borrowing and corruption. The documentary praises Ecuador's decision to unilaterally default on part of its sovereign debt, on grounds of social justice. The solution suggested for the Greek crisis is the formation of a committee for the analysis of the debt in a similar way that Ecuador did. If the analysis proves all or part of the debt to be odious the people should not have to pay for it and therefore it should be erased.


https://en.wikipedia.org/wiki/Debtocracy


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