Monday, May 30, 2011

To See the Future for the U.S. Look at Greece Today

Below is a most unique aerial photo from Athens Greece of Syntagma on May 29, 2011. You may well have seen it. Crowds of protesters at Syntagma are a normal part of life in Athens. The makeup of this crowd is not the normal makeup. This time it is families with children and the elderly. Cuts have been made to the safety net and more cuts are coming. To understand where the United States is headed just watch Greece today. Greek bonds are at 50% of face value. Greece cannot borrow more money. More than 1,000 government agencies have been eliminated in the last three years. Pensions for civil servants and the elderly have been dramatically reduced. Yet this is a country with high income tax and a value added tax.

I am fortunate to be somewhat aware of how small business in Greece has adapted. I can help show American small business what it must do to survive the future. Some consultants have become angry at the solutions because they are so different from what they have known in the past. Many of the assumptions of the past do not hold true in a post-industrial, post-consumer, post-government benevolence society.









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