The futility of applying political solutions to socioeconomic problems is discussed in my current book, Neither Left Nor Right. It is illustrated in the current economic crisis in Greece which is the result of the government’s spending more money than it had and incurring a national debt of billions of euros.
The Prime Minister, Alexis Tsipris, called for a referendum on the creditors’ demands for more austerity in exchange for more bailout funds to keep the country solvent by putting the problem in the hands of the people. By doing so, he neatly stepped out of facing the problem head on. The public’s debate over this single question has swept the country down ideological and socioeconomic lines. For some, Greece’s identity as a fully developed European country is at stake. For others, the vote is a chance to stand up to Europe. The Greek people and their politicians seem to have learned nothing about the importance of fiscal responsibility.