Daily Archives: October 3, 2018

Greece: PASOK, the Pan Hellenic Socialist Kleptocrats , by James Petras

Greek public and private kleptocrats falsified the national accounts turning mounting deficits into positive surpluses, till the system imploded. The EU banks presented the bill and demanded payments. The Greek state and capitalist class, under PASOK, immediately proclaimed a program of ‘austerity’ and ‘tax reforms’. In fact, it only would enforce the former, since it did not want to undermine its tax-evader elite and social base.

Massive cutbacks in wages, pensions and jobs were imposed and enforced. PASOK legislators toed the line, since their inflated salaries, pensions, perks and payoffs depended on submission to the Prime Minster, who, in turn, was dependent on the imperial bankers and bourgeois kleptocrats. PASOK’s existence as a Party depends on the flow of EU loans, bailouts and sell-outs to sustain its clients. The PASOK regime is the great example of an authoritarian party: Groveling at the feet of the EU bankers and leaders while ripping at the throat of millions of impoverished Greek pensioners, wage and salary workers. PASOK’s tax-evader and patronage base is barely affected by the fiscal reforms: Tax revenues have actually decreased because of the deepening recession and non-enforcement.

via Greece: PASOK, the Pan Hellenic Socialist Kleptocrats , by James Petras