Overview and Reasons for Concern

This blog will serve as the avenue through which I will create, expand, and develop my project for the course Creativity and Expression.  My project concerns economic crises, and specifically that which is presently occurring in Greece.  I am interested in this issue because I love Greece.  The country’s history is explosive!  It has existed for thousands of years, and has managed to survive countless wars and crises emerging throughout the region.  Greece, Italy, Israel, Egypt, etc., have extremely rich histories, which tell compellingly intriguing stories.  There are crises currently arising within many of these nations as well, but the recession in Greece is a major concern for the world’s current economic instability dilemma.  I am drawn to Greece’s setback because I am also a Political Science major, and the impending impact on the rest of the world if the conditions in Greece are exacerbated will be explosive! Greece has has been a positive influence on the world for thousands of years, including the ancient philosophers’ and mathematicians’ prescient and groundbreaking discoveries, the introduction of democracy,  and its function a language depository from which many nations have borrowed and transformed words to craft or to expand their languages, including our very own.  The current problem primarily encompasses Greece, secondly Europe and its Union, and it may be endure long enough to have lasting effects that pervade and breach the walls of all the nations of the world.  As nerve-racking as this possibility is, it displays a sort of comical irony to consider that Greece has been such a positive force on civilization for so long, and it now potentially stands to economically cripple the entire world.

The media covers catastrophic phenomenon occurring throughout the world every day, but do we actually stop and wonder if that problem could spread and wind up directly involving us?  Not likely. This fact is especially evident in the United States, where we feel secure and relatively unaffected by what goes on in the rest of the world because there are thousands of miles of ocean separating us from from.  The world, however, has experienced technological develops to such a degree that the problems facing other countries no longer respect oceans, maintain, walls, or any physical barriers that had served to prevent problems from entering and leaving a given nation in years past.  We are all connected, and our condition is no surprise; economists and theorists predicted an increasing interconnectedness amongst civilizations.  For instance, Karl Marx, whose observations of industry and technology were extremely limited in comparison to contemporary analyses, suggested that industrialization–i.e., technological advancement–increasingly leads to the interdependence of nations.  That was a pretty good guess considering the stage of development during the mid 19th century. Nations depending on each other for whatever reason result in sharing responsibilities.  This circumstance is not desirable, and is especially distasteful for the nation that inherits problems they do not claim to have initiated.  Difficulties facing one country will spread beyond their borders and into their neighbors’ with an intensity proportional to the extent of their interdependence.

Our fragility resulting from this interdependence, which itself, remember, is caused by technological advancements, is easily observed in the stock market.  When instability unfolds in the Middle East, the gas prices in the United States skyrocket.  Technology has made it so that an ensuing crisis in a country can reach a nation thousands of miles away in just seconds! Therefore, we have to keep an eye on Greece, Europe, and the world in general! Watching what goes on, however, will not protect us from being impacted by others’ problems.  If being interlinked is the dominating factor causing one to be effected by a problem caused by another, than it thus follows that a preventative measure is to slow down and reverse the tendency towards globalization.  At its current rate, however, haltering and eventually inverting its path is an unlikely possibility.  What is the solution then?  If I knew I would be the head of some international organization. No one knows how to protect one’s nation entirely from being effected by the actions and circumstances in other nations because its avoidance is nearly impossible, especially since the trend is tending towards more and more connectedness.

Considering that nations are involved with each other’s economic affairs today more than ever, Greece’s economic struggles, as well as those that other nations experience, are of great concern for the world’s economic security.  Greece has recently displayed signs of failing.  As if economic dependency was not enough of a fearful impediment, nations decided to unite themselves in contractual unions.  Myopically viewed, these unions serve to strengthen nations economically when they are all doing well financially.  Regarded in such a light, it seems pretty practical for nations to augment their accomplishments through unification, but there is another side to the equation.  Conversely, unionized nations will all suffer if one or more nations undergo difficulties. One could only wish its mathematical simplification were possible, but international politics is rather characterized as an extremely anarchical system of self-seeking nations attempting to co-existingly survive–essentially to progress–in a world of instability.  The stipulation that people, which essentially results in whole nations exemplifying the same attribute, are selfish naturally leads to the assumption that nations will try and benefit at the expense of another country.  Its pretty much a free-for-all; ulterior motives and designs for personal gains are being veiled by creating international organizations and treaties so countries can leach onto each other.  The European Union included Greece into its society of leaches, resulting in noxiously pervasive parasitical relationship between Greece and her neighbors. 

The catastrophic phenomena surrounding the crises in Europe, both current and those that have yet to be realized, are signs of an ensuing economic global meltdown; however, these events do not quite reach the audience an issue of this magnitude is deserving of.  Fox News and CNN, two of America’s most widely viewed broadcasting channels, at best will spend a minute or two discussing the crisis, but they usually only relay the message if Greek protests and riots are violent enough to compel them to listen! BBC usually does a good job explaining the severity of the current conditions in Greece, but if you frequent that channel, chances are you’re already attentive enough to political and economic issues that you’d investigate and learn about them on your own. My point is that for the most part, the media is not fulfilling their avowed responsibility to construct and maintain an informed audience.  Relatively irrelevant events like Whitney Houston’s and Michael Jackson’s deaths take the center stage and problems vital to every nation’s economic welfare are kept under wraps. If I were not 50% Greek, I probably would have only heard about it a few times, and simply disregarded its potential impact altogether. My grandparents alternate between their home country and our home in America nearly every year, so for us the current recession in Greece cannot be easily-overlooked and written off as an inconsequential matter effecting a region far away from home.  For us Greece is home; its our second home, and regardless of how far away a particular situation may be, it may not be long before the consequences manifest themselves and become your encumbrance.  In America we have family constantly transitioning to and from Greece, and we also have family permanently residing therein. Let me tell you, things are bad, and they’re only getting worse. 


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