Arthur Miller Would Write a Play About Cyprus...
...except he already wrote it back in 1953.
Cyprus is now swept up in blaming and naming those who are responsible for causing the financial crises and those who may have escaped it's major consequence to date, the bank levy, in a firestorm the media in Cyprus and Greece have fanned by publishing so-called "Lists." The media further orchestrated this frenzy by dubbing the media's own list publishing "The War of the Lists."
The lists have taken two major forms to date: 1) those individuals and companies who transferred cash out of Cyprus and/or out of the two floundering Cypriot banks prior to the bank lock down, and 2) those whose debts to banks were generously waived.
The lists have taken two major forms to date: 1) those individuals and companies who transferred cash out of Cyprus and/or out of the two floundering Cypriot banks prior to the bank lock down, and 2) those whose debts to banks were generously waived.
List Number 1) is maddeningly absurd. See my previous post on the issue Accusations Around Capital Flight Defy Logic and Reason
List Number 2) is something for sure, but what it isn't, is a surprise. Is there a single Cypriot or expat living in Cyprus who didn't think that people in positions of power in Cyprus were getting unethical, even illegal perks such as having loans written off? I don't think so.
Cyprus is infamous for the extent that nepotism, the act of favoritism without merit, has cemented itself at every level of society. I am told that nepotism on the level that it exists in Cyprus is a Mediterranean phenomena and can be found in Greece, Italy and Spain as well. I don't know about this, but I do know that nepotism lives in Cyprus like a cancerous tumor and that Cypriots classically wave their hands (literally and figuratively) and accept nepotism as something unavoidable and imminent. Cypriot parents commonly advise their children not to say anything against someone in power, and by power, I mean any level of power, no matter how small, in order to protect them from harm or in the hopes that they will receive favoritism in the future.
This is why the frenzy around List Number 2) is also ridiculous.
I think List Number 2) should be published. I think that people should be made to be responsible for their actions. I believe that transparency and checks and balances are necessary for democracy and fairness. I believe in the power of the news media and the power of positive social pressure.
But list Number 2) is a hypocracy, meaning that such nepotism would not exist to the level that it has thus far existed in Cyprus if Cypriots did not feed it. Now that Cypriots feel real consequences of such nepotism, they are angry and suddenly want names named.
This List frenzy reminds me of Arthur Miller's 1953 play about McCarthyism, "The Crucible." McCarthyism was the hunt for "un-American activities" and included the publication of lists of people who were believed to have been communists who were then "blackballed" meaning that they could not get jobs.
"The Crucible" is about the Salem witch hunts, and is an analogy about McCarthyism. Now I am not saying that those identified as communists are the same as those who may have had their loans unethically or illegally forgiven, but they may be the same as those who transferred money out prior to the bank lock down. We should be aware of the List frenzy and the destructive power that Lists can have on innocent people and use such Lists with discrimination.
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