A word for the “Wise”

It’s a new day in the world. If you had told people in the mid 70s and early 1990s that Africa’s economy would be growing and European countries crumbling, who would have believed you? We grew up with the myths that when it came to wisdom there was none like the Greeks. Greek philosophy this and the other, while Africans were deemed ‘uncivilized’ and at the mercy of the oh wise European. In 2011 the tables are turned Greece, Ireland, Iceland, Italy, Spain, Portugal and counting. Ireland and Iceland once deemed by the top American economist Fredric Mishik and counterparts has collapsed. What happened to the IMF/World Bank predictions? What of the learned economists?

 It turns out that there was a price tag to colonialism and that Spain could not afford all that conquering business. She is still riddled with costs from the days of Christopher Columbus when she borrowed just to be a colonial power. I guess they came they saw and now the only ones with the kind of money to bail them out are the Chinese who have come to conquer. Debt has a sense of humor; the conquerors are now the conquered.