Charity

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On the Greek online funding campaign - lets not neo-liberalise solidarity

The ideas of each age tend to become that of the ruling ideology and we are seeing an extraordinary example of that at the moment. As a response the ECB/IMF attack on Greek democracy an online fund it campaign has been set up to fund the 1.6 billion interest owed and so far 1,863 people have contributed.

The first problem is the obvious practical one that the 1.6 billion if raised only represents the latest interest instalment on an unplayable debt over 300 billion. So even if successful such a project would only kick the ball down the road for a month or two.

The social cost to us of O'Briens massive debt write offs

The vast sums of our money that the state gave in load write offs to the billionaire Denis O’Brien are so big that they hard to get your head around. None of us are ever likely to see one million, short of winning the lotto, never mind 336 million, the amount written off when O’Brien acquired Siteserv Group, Topaz Group and Beacon Private Hospital.

  


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