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Residents of a village near Nafplion...
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EDITORIAL |
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Populist sound bites
Given the disquieting public surveys and the apparent exodus of PASOK voters toward the Coalition of Radical Left (SYRIZA), one can understand George Papandreou's rhetorical switch to an 1980s-style statist platform.
However, if PASOK is truly a government-in-waiting, as Papandreou has himself said, the Socialist party leader's Parliament speech on Thursday was more than just incomprehensible. It was, in fact, potentially damaging to his party as well as the country.
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COMMENTARY |
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Gresham’s Law
English merchant and financier Thomas Gresham (1519-1579) once said, «Bad money drives good money out of circulation.» Gresham's Law does not just apply to currency circulation but also to a society's political, ideological, spiritual and artistic activity, which tends to be dragged toward the lowest common denominator. |
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