Greek National Debt
The Case For (And Against) Nationalizing Vital Industries in Greece
Written By: Alexandros
What is the purpose of the government when it comes to making economic decisions?
The modern political landscape is entirely monolithic as it relates to its nearly religious dedication to free market capitalism. However, much of the justification for such economic policies is founded upon certain presuppositions that KTE does not subscribe to.
Before you can form economic policy, you must first define the roles of the state and outline its responsibilities. The idea of a state existing to uphold the rights of its people first became popular in the 20th century, especially after the fall of the British Empire and the defeat of Germany in World War II. All of the Western World was in agreement that “freedom” was of paramount importance, and the sole responsibility of the government was to ensure that the inalienable rights of the people were not infringed upon.
Read More