When Young Democracies Make Immature Decisions
How could any country find itself in a scenario where it suffers the consequences of having been too socialist and too capitalist at the same time? I was listening to a former Greek Prime Minister recently at a global conference and I was struck by the number of times he referred to his country as a "young democracy." The implication, of course, was that it was an immature democracy -- and suddenly it all made sense.