The Take a Dump of Labor Fallacy

Basically, as long as you can pay taxes with the new scrip, then the scrip has some kind of value and people will take it at some price. Issuing said scrip will allow Greece, Portugal, Spain, etc. to reflate their economies. This won’t change the fact that all these countries need to take a real hit to their living standards (part of the point here is precisely that the new currencies won’t be as valuable) but you won’t be in the absurd condition of having 21 percent of the Spanish workforce simply idle and unemployed.

-You Know Who

Here is neoliberalism in a pork rind: the poverty of the many is preferable to the idleness of the few.   His commenters are mocking him because he goes on to make a clumsy joke about Germany conquering the south in order to force the repayment of loans, but that's not fair; the poor dear was just trying to make a funny.  This though, is that good, home-cooked psychopathy; it is the global-gulag mentality demonstrated at its uttermost absurdity; it posits the human condition as a work camp; empty toil is better than unemployment insurance; a society universally engaged in moving piles of sand from place to place is preferable to a mere 80% engaged in real work.  Of course that 80% is charitable.  A lot of the workers are engaged in fake work.  The point is that there are more people than available work.  The solution?  Impoverish the entire society, thereby making its trinkets cheaper to . . . someone?  Germany?  Anyway, more people will then buy its Sancho Panza plush dolls; the plush-doll sector will boom, putting more people to work in the sweatshops.  At least they won't be idle!  That would be absurd!