Comments by "Zach B" (@zachb1706) on "The Greek Debt Crisis - 5 Minute History Lesson" video.

  1. “Everyone what except Greece made money from our crisis” When you start a crisis, you don’t earn money from it.
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  2.  @DimitrisVi  so it wasn’t the huge welfare state that would refuse to cut spending or raise taxes?
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  3.  @ArisHDi  No, no one did want to buy them. If people did, their price would have been higher.
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  4.  @red3d364  Social welfare programs share alot of similarities with socialism. Expensive, inefficient and poorly managed
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  5. Democracy is a great system, but it’s terrible at future planning.
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  6. Greece was a developed country
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  7. The us will see a slow decline, not a quick default like Greece.
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  8.  @red3d364  so the government essentially running the healthcare system (as we see in countries like the UK) has no relation to socialism (where the government essentially runs everything)? Onto your second point, if the social programs were cost effective and well managed, then Greece wouldn't have defaulted on it's debt.
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