15 December 2010

Name that Rioting Country: Wednesday Edition

If you responded with "What is Greece?"  Then you can give yourself a big pat on the back!

That brings the number of rioting countries in the last two days to, well, two.
About 200 leftist protesters chased Kostis Hatzidakis as he left parliament, shouting: "Thieves! Shame on you!" They threw stones and beat him with sticks, until he took flight into a nearby building. 
Notice that we see the word, leftist.  While that does not necessarily mean their motives are purely from the leftist agenda, the mere fact that they are fighting austerity and disrupting the public sectors like schools, transportation, and airlines, is it a wounder that the writing is on the wall for the United States?  These average citizens had entrusted their government leaders to preserve their general welfare, but that is exactly what seems to be their undoing.
The 300-seat house voted into law measures that cut wages in state-owned bus and railway companies and weakened the power of collective bargaining to allow company-level deals to prevail.
As can be seen in other countries that are facing the budget crunch, programs and jobs have to be cut to reduce spending.  When that happens, real people are effected and they loose their gravy train.  Factor in the corruption that coexists within the American public sector via unions like the SEIU, is it hard to imagine seeing violence in the streets of our major cities in the year(s) ahead?  What will happen when those on public assistance lose their free lunch? 

Zero Hedge has also been covering the Greek news this morning as events unfold.  Following their Twitter like feed of events, it seems that all of the anger is directed at the government officials and or wealthy individuals that have perpetuated the disconnect with the working class.  What needs to be measured in these protests is that the working class in Greece (and to a lesser extent in Italy and Ireland), is starting to realize that their mortgage bill has come do, and they don't like that the wealth disparity continues to grow at their expense.  Wealth transfers from the middle class to the wealthy and poor, simply because they buy votes or favors has to come to an end.  With no way to earn a living to pay the ever inflated bills of necessity, those who are in these afflicted Euro Zone countries have been rebelling, and will continue to do so.  

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