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Monday 14 May 2012

Greekeconomics from a Catholic Point of View


The Greek political leaders did not form a government yesterday through talks about the economy. From a Catholic point of view, several problems arise. First, a first historical points.

One, Greece has never had a large industrial base, but the people expect to live with a status of living like those countries, such as Germany, which still do. The country has relied on the service industry, like many other warm countries, and it has relied on loans.

Two, Greece is the only country to have not paid back any money after the Marshall Plan. This means that Greece has some sort of modern history in not paying back debts to other countries. So, the idea of not paying back debt is not new.

Three, Greece has not, according the an expert on the Bloomberg Report, had property taxes. This is amazing. As one who has paid property taxes for the benefit of an entire community, my city, I find this almost unbelievable.

Four, Greece is experiencing a lack of creative leadership. This is obvious.

Five, the far-left parties, some of whom broke out of Eurocommunism, still hold communist ideals and really do not care if traditional capitalist forms of economy fail

What has this to do with Catholicism? Catholic social teaching has been based on the ideas of personal responsibility and inequality. Now, both of these ideas are missing from discussions in Greece. Pensioners do not want their pensions cut. This is understandable, but pensioners have taken cuts in other countries as well, including the States. My aged parents have taken cuts. We are not rioting in the streets, except in Wisconsin.

The idea of cut-backs causes pain and pain is part of life. My life-style is not a "high" as it was before the global economic crises around the world. Some of my friends have lost much money and had to down-size. Some people are not eating as much. Many of my friends in the States do not buy new clothes, but go to second-hand shops. Some have cut out vacations. I find that many Europeans refuse to consider these options, which are obvious to me.

The entire world is facing problems and to point to one group as if they are the only ones suffering is nonsense. The Greeks are very provincial in their outlook. They do not seem to me to be "Europeans" in the sense of wanting to identify with European values. What are these values, fast disappearing?

Catholic ones. The birth-rate of Greece is one of the lowest in the world. Out of 221 countries, Greece is 205, on a 2012 chart. The youth have not been able to take over their responsibility for taking over the infrastructure as necessary and, perhaps, the real leaders never saw the light of day through contraception, abortion. This is never discussed.

Catholic values include seeing the good of suffering. This idea is missing from modern Greece. Those who want austerity are fighting those who do not. Ireland, to the credit of the government, took bail-out money, but are meeting austerity measure guidelines. A lack of country-based industry or technological jobs, plus birth-control, plus the entitlement mentality has created a group who expect to get without work. I am astounded by those who were occupying and demonstrating on the weekend. All of them were dressed better than most, had jewelry, cell phones, nice hair, etc. No one interviewed on European television looked like a street person, or people suffering. Those demonstrating have not suffered enough not to buy middle-class goods.

Catholic values have meaning beyond the economic. Most people no longer define themselves outside of economics. Marx has won the mind battle.

Catholic values create unity, a true humanism, not division in a society. Again, class war-fare is not a Catholic value, but a communist one. Rioting, destroying businesses, breaking into jewelry stores and banks is simply not helpful....

Catholic values regarding social justice are based on the fact that each individual has value and something to do for the larger community. This idea of duty, whether civic duty or duty to the state as a responsible person is missing. In fact, one does not get a sense of a state with citizens who identify with such in Greece. This accounts for all the factions, and all the political parties, which are seriously fragmented. There is no real discussion, as ideologies have dominated all attempts at compromise.

Catholic values mean that merit and hard work are rewarded. This is not socialism. The moral idea of giving opportunity to all, including the poor, is a clue to free enterprise, which must be based on Christianity, which does not create the politics of envy. Free enterprise is about cooperation, not hatred or sloth. Socialism has been condemned by the Church for the reason I have listed on this blog earlier.

And, Greece is not alone. Spain is right behind Greece in the default, leave the euro-zone game. And, my friends in finance tell me that the collapse of Greece is a ripple in the lake, but the collapse of Spain will be a tsunami. Spain has many, and bigger problems than Greece. It is only a matter of time.