isolated as we think from our greek counterparts well for more on list on this let's now turn to jay meyerson independent journalist and contributor to truthout jesse how are you. you know there's a new there's thanks for joining us there's been a lot of discussion about how greece is sort of a more extreme example of what's going on around the world in europe and here to talk about that how so. well it's not only a more extreme example of what's been going on here but it's a more first world example of what's been going on all over the world you know the the i.m.f. and the sort of major international engines of neo liberal capitalism have been treating the developing world the global south this way for decades you know haiti in liberia and all these places that they presume to bail out when they reach horrible fiscal conditions but what that entails is huge cuts to. social spending privatization of the commons obliteration of labor a huge very sharp decrease in labor in living standards and in wages and this kind of thing has been going on all over the world for in africa and in latin americ