But remember Giles, despite your surprising enthusiasm for debt default , this will be kinda hard to make stick - and a certain amount of "heavy handedness" might be required by the 99.9% of the population, in Greece as with the world in general, against no doubt armed resistance by the tiny minority (and their supporters) who currently own and control most of the resources ie, the buggers would have to be expropriated without compensation , and the resources put under some sort of socialised ownership. Otherwise , no "clean sheet", as with grossly unequal ownership of resources , the "haves" quickly build up their wealth again as against the "have-nots", even if there is some sort of " world debt reset/writeoff" at some point (most unlikely - unless we mean via hyperinflation and brand new currencies after a world economic metdown -- which is possible - but still doesn't in itself change the nature of grossly unequal resource ownership by social classes).
To quote that cynical old tyrant ,Mao , at the end of the day "real power comes from the barrel of a gun" Fuck with the bankers and the capitalist class generally , on behalf of the 99% of "have nots" for too long and the Greeks and the rest of us will soon see the facade of "Bourgeoise Democracy" pulled aside and the reality of that harsh judgement acted out.
