The key to the Greek economic growth model is quite simple: growth leads to prosperity. It does not matter if this growth is driven by domestic policies (such as increasing tax rates and increasing subsidies) or external factors (such as raising the Euro against the Dollar). What matters most is that growth brings more people into the formal economic class of creditors, banks, multinational companies, and professionals. This class then uses its vast wealth to run the economy through a complex system of levers and weights. And because it has complete control of the economy through various levers and weights, it is able to secure the loyalty and compliance of the population.
This Keynesian model is a key to the modern world. In fact, many theorists argue that it is the key to every successful model in the history of mankind. The key to the Greek model is the “trickle-down effect.” The Greek model uses a “leverage and cost” theory. For instance, if the investment community has high costs for creating new jobs and providing benefits to employees, they are likely to pass these costs along to consumers through lower wages and layoffs. If the investment community has low fixed costs for investments and corporate welfare programs, consumers are more likely to use their purchasing power to buy products that would otherwise be out of reach.
The Keynesian Economic growth model is also coupled with a political environment that is highly protectionist. Protectionism helps to maintain the economy in a stable position despite changing market conditions. Protectionist policies help the economy maintains its long term viability. And although this policy does not help individual citizens directly, it does help the economy as a whole.
The key to the Greek economic growth model is its ability to use economic leverage in a manner that is consistent with self-interest. As Thomas Carlyle said, “In the long run, what has grown is the thing that has made a man rich.” The Keynesian economic model puts forth a similar view of what makes a nation prosperous. A nation that has used economic leverage to build itself up is one that is likely to continue to prosper.
The key to the Greek growth model is its use of a mixed economic system. It does not focus on one form of development such as industrial growth or business specialization. Instead it looks to mix and match several forms of economic activity to increase overall value. When the various forms of economic activity are able to work together and pool resources, a stronger and more prosperous country is born. A mixed economic system is not only more sustainable, but also more intelligent and able to adjust to changing market conditions.
The Greek economic growth model also has another important attribute. In this model, the government plays a vital role. In other words, the government does not simply look to the market to provide the necessary resources to develop. Rather, the government ensures that the various forms of economic activity pool resources and make use of each others' services when possible. This is another key aspect of this model, which makes it so unique.
The Greek economic growth model is also . . . . . . unique in that it does not concentrate on a small group of individuals. Rather, it looks to build an infrastructure that spans the entire country and works with all parts of society. This provides the Greek government with the ability to take care of the needs of all citizens and distribute the profits they make to everyone equally. This is unlike the American government, which concentrates its attention on the business community and the stock market. By doing this, the government is spending far too much money on initiatives that benefit the very wealthy.
Finally, the Greek economic growth model enjoys a higher degree of legitimacy than most models. Unlike the American system, which is based upon meritocratic merit, Greek economic growth models are based upon need. For instance, people who are extremely vulnerable and in need of assistance will be provided with this help by the Greek government. This is something the American government is very hesitant to provide due to the fact that many of its citizens are not well off in need of assistance.