Debt Crises: What a sorry spectacle to watch Greeks rioting in the streets in reaction to austerity measures. As if tantrums can change reality. It’s Exhibit A of how socialism infantilizes citizens. The only cure is free markets.
As Greece’s legislature heads for a vote Wednesday to cut the size of its government by $40 billion in exchange for the last $17 billion of a $156 billion International Monetary Fund bailout on July 3, the world’s television screens are flooded with images of young “indignantes” calling a riotous 48 hour-strike in Athens.