>Greece used to have one of the fastest growing economies in the world, 2nd only to japan, at 7.7% growth
>Its average wage and economy would DOUBLE every decade
>Then it threw all of that away for some bad social programs
Why did anyone do this? This was such an incredible miracle of economics to be so rich so quickly even when everyone else was growing and then they decided to redistribute it which is basically destroying it.
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I feel like you're oversimplifying things.
> Threw all of it away for social programs
It's way, WAY more complicated than that.
No, that's almost specifically what happened, they voted for "social democrats"(read socialists) for decades on end and it wrecked their economy.
But it obviously didn't ruin their economy or wasn't the primary/sole cause of it if they'd been electing them for a while and their economy kept growing after that.
Also, social democrats run tons of places in Europe like Germany, Sweden, etc. and those places do fine.
The problem/situation with Greece is therefore much more complicated or different than what you're saying it is.
>Why did anyone do this? This was such an incredible miracle of economics to be so rich so quickly even when everyone else was growing and then they decided to redistribute it which is basically destroying it.
jews
Tits or GTFO!
Their economy's growth began to slow down within less than 5 years of them being elected and there is a huge amount of theory that says that wealth redistribution hurts growth, so no. Also, those countries have also had their growth slow down or reach huge national debts after electing their own socialists as well.
She got the fuck out. It's ok, you were about to attempt logic on a woman.
> Also, those countries have also had their growth slow down or reach huge national debts after electing their own socialists as well.
Well economic growth slows over time as economies develop more, and that second part just isn't really true, Denmark, Sweden, Norway, Germany, etc. just don't have ridiculous debt levels or anything, they're pretty healthy by most standards.
Most standards = being so shit that being billions in debt is "pretty healthy"
Europe is in no way healthy and is heading for collapse, Greece was first to go.
That growth came from the excessive budget deficits they were running.
Both right and left-wing governments followed that path for decades.
Do you understand anything about how national debt works?
It's largely a meme.
Wait when did greece have a good economy? I knew fuck all about them, always assumed they were irrelevant until I heard about them going under
Did they really do socialist welfare reform?
>Europe is in no way healthy and is heading for collapse, Greece was first to go.
Pretty ironic that this is coming from a country that is being outgrown by Greece at the moment.
en.wikipedia.org
Tbf it was largely thanks to US gibs
I'm referring to a much longer time ago, nearly in the 70s
Too much prosperity leads to intellectual indolence, which leads to long term despair. The exact same things happen to people that manage to win the lottery. Despite getting a huge increase in their income most will blow it all away on useless junk. When they go through their surplus they can't change back to a smart life style before it's too late and they will go into debt.
Relax. They made TWO bicycles that year...
>>Then it threw all of that away for some bad social programs
This happened we we joined EEC. Coincidence? I think not.
These social programs were meant to destroy us in favor of our new European "family".
They meant to deindustrialize us, so the Germans can come and sell their shit.
They meant to make us look the other way, while EEC imposed their damned quotas on us.
It was a plot.
You appreciate the wealth you have when you have worked for it, unlike winning it through the lottery.
This was not a correct example.
See the Weimar Republic. 'Economic miracles' happen when Jews become irrelevant.
>It was a plot.
French and German greed and short sidedness wasn't a plot. They were making money (on paper) and for a time everyone was happy, even you. They knew their codified neo-liberal bullshit was dangerously stupid and inflexible, not to mention eternal euro tensions beneath the veneer of money, but it did seem to work. Everyone would be rich! Rich I tell you!