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Reducing the Hellenic Financial Crisis to Its Root Cause: A Cybernetic Analysis
Author(s) -
Trujillo Joaquin
Publication year - 2018
Publication title -
anthropology of consciousness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.117
H-Index - 14
eISSN - 1556-3537
pISSN - 1053-4202
DOI - 10.1111/anoc.12099
Subject(s) - austerity , tragedy of the commons , financial crisis , language change , cybernetics , root cause , faith , positive economics , commons , sociology , political science , economics , political economy , politics , keynesian economics , law , epistemology , philosophy , linguistics , operations management
This article cybernetically (isomorphically) investigates the causes of the Hellenic financial crisis. It (1) describes the crisis and its commonly assessed root cause: systemic corruption coupled to the decisions of ample numbers of Greeks to endure the problem rather than resolve it; (2) reviews SYRIZA 's 2015 anti‐austerity campaign and identifies incompatibilities within its apparent collective purposes that imply processes more fundamental than corruption and bad faith may be causing the crisis; (3) situates cybernetics within a sociological framework to analyze those processes appropriately; (4) propositionally reduces them to a general rule—the tragedy of the commons—operating more or less within the collective conscience of the Greek people; and (5) and exposes the parameter's self‐similar manifestation in social actions that have contributed to the crisis.