Sunday, November 11, 2012

If You Were Greek

... and you saw the rioting over the latest round of budget cuts, wouldn't you leave the country?

Watching this, you would think that anyone with marketable skills and the ability to pack up and go is leaving the country to get to somewhere more hospitable. That would leave Greece with government employees, the rich in guarded compounds and the dependent class.

The financial flight is just the beginning. It's the flight of human capital that really dooms you. Even if the country manages to get itself under control, is there going to be anyone left who can make a go of it?

Someone should write a book about this.


Kelly the little black dog said...

They already have.

Secular Apostate said...

KT, Give it ten years, and the title of your successor post might be "If You Were Californian".

World's Greatest Money Quote:
"The money exists."
-- G. Papandreou, Former PM, 2008