The Greek Crisis

Mario Rizzo on the impending Euro crisis centered around Greece:

People like to deny reality when it is unpleasant. This is not just a problem of bad leadership. It is a problem that goes to the heart of the fantasy world the typical voter lives in. But reality bites. Let’s see how it does so in the next few years.

Greek history is an illustration of a great point by Thomas Sowell: societies that dominate the intellectual, technological, and military scenes in one age do not necessarily keep that lead.

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