Reading about the details of the Greek case, I cannot help but see many structural and cultural similarities between Greece and Algeria: corrupt politicial and business elite, dismal working ethics at the population level, a completely inefficient not to say non existant taxing system and so on. All observers say that Greece will inevitably default now, but opinions vary as to what this will lead to on the economic level of Greece and also with regards to the Euro project. Personally, I just wonder if (or should I say when?) the same scenario happens to Algeria, who will be able to propose a solution out of the mess (not even talking about what sort of solutions as am sure most will be incredibly hard to implement at that point anyway). The world is becoming an unstable, riot-happy place. I wonder if we will see a surge in the fashion appeal of the Fascist regimes of old in the next few decades….
I keep saying, in Algeria we absolutely need to sort out our working ethics and taxation system, also put in place measures to minimize big business influence on government. It is absolutely imperative. But sadly, seems to fall on deaf ears…even the population does not see the importance of some or all of these things. Worse, we seem to be replicating the consumption-based system of the West!! Sigh.