Tuesday 1 November 2011

demos

One of the great things about memes going viral, modular and remixed and remixed, is that that creativity is channeled into a sort of choose one’s own adventure type story. One template is pretty much accepting of any theme or expression. The same is true for democracy, a very Greek invention. Introducing this pomegranate (Granatapfel) of accepting the money and the terms of the euro-bailout fund as a ballot measure, a referendum for the voters of Greece, was an unexpected but necessary move. It is not quite accurate to compare the plight of Greece with that of Argentina’s decision to default on its loans years hence, since although both could survive this choice, Argentina was not part of a currency union, and the vox populi may well out-shout any usury and further anything more to do with membership in the European Union. The Greek people and future generations are going to be the ones who have to deal with the consequences (equally unenviable, it seems) of default or grand-receivership.