What just happened in Europe?

There has been a lot of wailing and gnashing of teeth going on around Europe the past couple of days, as well there should be. What is playing out is something for the history books, to be sure, but I suspect it will be reported very differently than it actually went down.

We've known since 2008 and since the leaks around the TPP, TIPP, and TISA that the banks and big business has taken over. This is not a conspiracy theory, it is pure and simple fact. There's not a government in the western, industrialized world that has 10 cents to spare for a single humanitarian program, not even for its own citizens, but there are tons of cash, in the form of bailouts, tax breaks, and subsidies for the most wasteful of things. What is different about the past few days here in Europe, however, is the fact that we have now seen (a) just how much power they possess and (b) to what lengths they are willing to go to deal with opposition of any kind.

I would be the last to maintain that the Greeks need to reform their governmental apparatus, start collecting taxes, and try to reduce unnecessary expenditures. However, in contrast to the EC, the IMF, the ECB, and the Eurogroup, I'm not willing to maintain that these reforms should be obtained at any price. For those of you both inside and outside Europe: this is not about the EU; this is not about the euro, as currency, per se; this is about power and what it means for us everyday little people.

The person in the street will tell you right out that without a land registry office, without a functioning tax system and tax authority, you cannot expect to get a grasp on your national income. Since 2010, the Troika -- the big players in the field -- have been placing one requirement after the other on the Greeks. If you take the time to look at the Memoranda of Understanding that direct this process, one significant feature become conspicuous by its absence: the demand, specifically, to set up a necessary tax infrastructure. There is a whole list of things To-Do, no question about it, but if placed in order of priority, it almost seems as if it has been inverted. Not the most necessary things to do were placed at the top, but the easiest to do. All the necessary reforms, the ones that may, perhaps, if everything went perfectly well, were placed at the bottom of the list. They are still to come, but there is other business to be attended to in the meantime, like bludgeoning the defenseless, cutting pensions by 30%, eliminating healthcare for a third of the population, driving the poverty rate from 26% to almost 35%, increasing unemployment to 25% overall and over 50% among the youth of the country, shrinking the economy by 25% and increasing the debt by over 25% as well.

In contrast to what is floated as common wisdom, neither Ireland nor the Baltic states were in a comparable situation to Greece, so they are not the success stories that everyone would like to maintain. Estonia, for example, had as good as no debt when their crisis hit; Ireland had a functioning governmental infrastructure. When the smoke clears, it's obvious that, well, a lot of folks are simply blowing smoke.

No, Greece had the audacity to elect a leftist government. That will not be tolerated. They had the courage to throw out the Troika. That cannot be tolerated either. They demanded reforms that work. And that cannot be tolerated in a world in which you are to do as you are told or you'll be squashed like a bug. In the end, the entire population said "no", and, strangely enough, when asked to present a list of reforms, the Greek government laid on the table, more or less, the take-it-or-leave-it agreement that the EC had dictated. The result: go back and do your homework, such a list is simply unacceptable.

So now, the Greek parliament has approved the plan they've been given. They had three days to do so. Private institutions and non-elected technocrats have desovereigntized a country in the 21st century, right before our very eyes. And that, my friends, is the Europe of today. It is not the Europe I migrated to (yes, I am a mere immigrant here), and it's not the Europe that encouraged me to say.

The message is clear: hold all the referendums you want, cry democracy and the will of the people all you want. In the end, it's the money people who have all the say. It's the simple Golden Rule: he who has the gold, rules.