Class Struggles and National Debts [Videos] http://mrzine.monthlyreview.org/2010/wolff050510.html

The political conflicts and street battles in Greece today foretell what is coming to many countries...The struggles are basically over what the government spends on and who pays the taxes. Governments in such societies often turn to borrowing...as ways to defer and postpone the political problems of resolving class struggles...Problems arise when lenders...demand much higher interest payments or refuse to lend more. Then rising national debts can no longer postpone resolution of the underlying class struggles.