[Marxism] We Are All Greeks Now by Chris Hedges

Dayne Goodwin daynegoodwin at gmail.com
Mon Jul 13 16:59:14 MDT 2015

. . .
Human life is of no concern to corporate capitalists. The suffering of
the Greeks, like the suffering of ordinary Americans, is very good for
the profit margins of financial institutions such as Goldman Sachs. It
was, after all, Goldman Sachs—which shoved subprime mortgages down the
throats of families it knew could never pay the loans back, sold the
subprime mortgages as investments to pension funds and then bet
against them—that orchestrated complex financial agreements with
Greece, many of them secret. These agreements doubled the debt Greece
owes under derivative deals and allowed the old Greek government to
mask its real debt to keep borrowing. And when Greece imploded,
Goldman Sachs headed out the door with suitcases full of cash.
. . .

More information about the Marxism mailing list