Tomorrow will be the pivotal Greek elections which are widely assumed to foretell the direction of the entire European economy, which, in turn, will determine the direction of our economy. But the results won’t matter to anyone but the Greeks. Their problem, and the world’s problem, will still remain, whichever way the vote goes.
The analogy is no longer kicking the can down the road—it is kicking the can up the hill. Kick all you want, but the can will just roll back. Flattening the hill is too difficult.
Greece, it has been said, is the richest country in the world that doesn’t produce anything. Their only hope of maintaining their current inflated lifestyle is to become more productive, but productive of what? Goat cheese?
Increasing production is the problem of every country in the world, including our own. Everyone wants more jobs, not just service jobs, but good, high-paying productive jobs. But what more does the world need?
Maybe you can come up with some needs, but then who can afford them? We have become a world of street-vendors offering only pricy dream-catchers and slide-whistles to empty streets. This is the problem no politician, nor political party, nor election, can solve.