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Showing posts from December, 2016

Further reply to Marc-Andre Cotton

‪Re: In the midst of the Greece turmoil, his shared feelings are of particular significance to make sense of the deep psychohistorical factors underlying the current crisis. Three years ago, in an ABC News 24 interview by Leigh Sales, Varoufakis stated:
This is our Great Depression. Not only in an economic sense, but also in a psychological sense. Greeks are in a catatonic state. One moment in a state of rage, another, this is a typical case of manic depression. There are no prospects. There is no light at the end of the tunnel. There are sacrifices, but nobody gets a feeling that these are sacrifices that take the form of some kind of investment in turning the corner. This is the problem when you are stuck in a Eurozone which is really badly designed, which is collapsing and which does not give opportunities to its flimsier parts to escape through some kind of redemptive crisis[2].
Such a public statement carries strong emotional overtones resulting from the close interweaving of p…

Thinking on and responding to Marc-Andre Cotton's psychohistorical article on Brexit

Marc-Andre Cotton wrote (originally posted on regard, and permission granted to repost) : 
“S ince a clear majority of British citizens decided to leave the European Union on June 23, heated comments have been voiced. According to The Financial Times, their largely Europhile parliament will be forced to drag the country into“unsplendid isolation” as Britain is heading for “a quite probable recession”(Philip Stephens, “Britain is starting to imitate Greece”Financial Times, 06/30/2016). Not surprisingly, The Spectator—where former Mayor of London and ‘Vote Leave’ campaigner Boris Johnson once worked as a journalist—holds a different view. Waving reassuring news as a falling pound attracts tourists and sucks in investment, the conservative weekly neologized Brexit “the greatest opportunity ever handed to a government by an electorate” (“Business confidence is returning to Brexit Britain”The Spectator, 07/29/2016).
Indeed, fantasies and misrepresentations surrounding this …