Greek election consequences and the shape of the developed world’s future
will be more years of austerity, people winding up on the street, suicides and outright starvation. In this fertile ground, the neo-nazi right will rise. The left will most likely not compete, because they will refuse to create an enforcer class to protect their own people. The police in Greece voted about 50% for the Golden Dawn, they will not protect the left, either, but will enable the rise of the Golden Dawn.
Under these circumstances a coup of some variety, whether military or otherwise (remember, Hitler never won a majority) is very likely to occur. By blocking the rise of the left so that Greece can be looted, the oligarchs have created their own doom.
In general terms, we are in a pre-revolutionary period. The supreme court coup in Egypt, the outright refusal to obey even the letter of the law let alone the spirit in the case of Wikileaks and Assange, the reign of Obama, are teaching an entire generation that you cannot fix the system from within, through the mechanisms of the old system or through even semi-peaceful protest. The Pacific free trade deal will enshrine even more draconian IP laws and will extend NAFTA style takings regulations which give multinational companies sovereignty over governments.
This will not stand. There will be global war, and there will be global revolution. We are on track for it. The question is when and how. I would guess in less than 20 years the world will fully convulse. Many of the current generation of oligarchs will be dead by then and will win the death bet, but their heirs will reap the whirlwind. As for the population, I expect a billion deaths or so over the next 25 years from famine, disease, war and environmental issues.
Both populations and the oligarchs have refused, over and over again, to do what is necessary to peacefully restructure the world economy, but instead have opted to kick the can down the road. Each kicking of the can has led to more corrupt and sclerotic economics and politics.
In the period between now and the revolution, some nations will take control of their own destinies. Offered a choice between austerity in the international system and nationalism, they will choose nationalism. It will not be as comfortable as being a member of the old international order from before the financial collapse, but that is not being offered. A few nations will be able to work wedges to stay in the system and not suffer too much (Germany, France). But most developed world nations will continue to suffer real declines in their standard of living, driven by inequality and the resource trap which we refuse to restructure out of. The electrical economy wants to happen, but it will not happen on a wide scale until after war and revolution. Such is the choice both our elites and the regular population continue to make.