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Greece

 A very short summary: Capital and a pro-capital oligarchic party presided over a crisis. A leftist party capitalised on that, but capitulated before the power of capital then implemented what it was imposed on Greece by the institutions of capital. Now the old pro-capital party is back in town. You cannot get a full and more beautiful citcle than that.

 "Greece is a small and weak capitalist economy; it cannot succeed without success in the rest of Europe; and that applies to a socialist Greece too.  But at least the Greek people would be in control of their own capital assets and labour allocation."

 What decides "success" within global capitalism is productivity. Greece can never be France or Germany unless its economic productivity matches the French or German one. And it is not about working long hours; it is about what technology and machines employed.

 Completing the vicious circle
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