Goodbye, Mr Varoufakis,
… and welcome back on the science stage.
Policy and science rarely come together.
Science approximates the truth, it’s a conquest for the rules of the game.
Policy approaches power, it’s a strenuous fight to set the rules of the game.
No politician seems to like being taught his own rules.
Better a good teacher than a knowing politician.
Thank you Greece for exposing the state of the European Union
Thank you Mr Tsipras and Mr Varoufakis for opening the eyes of European citizens who can clearly see now the shape and nature of the European Union, very clearly.
It is a monetary behemoth politically restrained by national egos.
Over the past months of Greece’s evolving debt crisis, the Eurogroup and the European treasury secretaries told Greece what it ought to do and what to omit. Each of those negotiators referred itself to the will of its national voters.
But even the position of Greeks government has been justified by its public.
Greece, you have any right for a referendum
And here’s why.
Let’s consult game theory – the playground of Mr Varoufakis – to find some answers.
Let’s be clear: neither Greece nor the European Union is interested in Greece’s disintegration.
Greece’s referendum is NOT about Greeks membership in the European Union!
The general question of a Grexit is a prisoner’s dilemma in the eyes of a game theorist.
It is clear that Greece’s membership as well as its disintegration will cost the EU tax payer anyhow.
The costs of a dissolution are assumed to be higher than the cost of integration.
Greece and the EU are thus better off within the European framework, so both they more or less openly confessed to stay together.
IT security is self-defeating since it’s life blood, or call it success proposition, is an infinite tug-of-war without winners: don’t win at no loss. One wins, both them lose.
Dear Ms Chancellor,this post has sat in my outbox for months since I could anticipate your official answer:
“Thank you we will consider your opinion, but the affair has been closed.”
Dear Ms Chancellor, you and me, both we were born in the same country, the GDR.
We lived in it’s dual society and learned to tell the surface from the hidden meaning.
We got to know which rules to ignore, how to find loopholes and how to improvise in order to create some spaces of ingenuity and leeway.
Why? Because GDR’s ruling party, the SED, its border guards, and intelligence, the StaZi, operated on the same moral level: suspecting people for “counter-something” activities against the state and putting them under surveillance in order to let system prevail which only they understood.
Trust was a precious currency.
We know how that state ceased to exist. It was changed from the inside since “we were the people”.
Having survived the dot.com collapse, well educated people were on the hunt for new revenues.
Astrophysicists, mathematicians, and other geeks started drawing profits from market volatility with the help of machines crunching their elaborate quant models.
Icelandic fisherman buying assets abroad with borrowed foreign money.
Irish banksters inflating their national real estate markets with destructive tax competition and borrowed money from abroad.
Greeks cheating their way into the EU in order to borrow like solvent citizens and nordic tax payers.
Investors, mainly the Landesbanks from Germany, hurled in to take the opposite side of the bet that none of these borrowers will ever default.
And the quants who produced such toxic crap ran to mom and asked her for insurance on assets they did not even own!
Glorious days, those were.