Saturday, October 8, 2011

The real Greek crisis


In this article, AP's Christopher Torchia gives us a somber reflective look at Greece's economic situation, and sums up with some words from Aristotle on the seductiveness of riches. I like the article but the author quotes the wrong ancient Greek. Aesop's story of the goose that laid gold eggs is more apropos.

Greece's problem is government took too much out of the economy to give to too many people for too many reasons. Greece is not the only country that is doing this and it won't be the only one to fail economically because of it. They are going first because they have relatively a small and weak economy. The others will succumb by and by.

The idea of paying people with their own money is so preposterous that, like the big lie, it escapes immediate detection.  In the long term, of course, truth comes out whether we like it or not.


Æsop. (Sixth century B.C.)  Fables.
The Harvard Classics.  1909–14.
 
The Goose With the Golden Egg
 
 
ONE day a countryman going to the nest of his Goose found there an egg all yellow and glittering. When he took it up it was as heavy as lead and he was going to throw it away, because he thought a trick had been played upon him. But he took it home on second thoughts, and soon found to his delight that it was an egg of pure gold. Every morning the same thing occurred, and he soon became rich by selling his eggs. As he grew rich he grew greedy; and thinking to get at once all the gold the Goose could give, he killed it and opened it only to find,—nothing.
        “GREED OFT O’ERREACHES ITSELF.”

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