It is Saturday January 24th, 2015. Greece is going to the polls tomorrow, in an election triggered by the main centre-right coalition's inability to form a consensus on who the president should be. (The Greek President is elected by members of the Parliament rather than by the public or an electoral college.) It takes place against a background of traumatic externally-imposed austerity that is familiar, in watered-down form, to anyone living in the UK outside of London and the south-east, and to many elsewhere in Europe. And it is looking as if Syriza, the Coalition of the Radical Left, is on course to win an outright majority and form a new non-coalition government.
This is not an insignificant regional event. Events in Greece set a precedent for the next election in Spain, where support for Podemos ("We can") is growing rapidly. It may also provide a precedent for the UK, which is due to undergo a general election this May, and where polling suggests that the once-dominant share of the vote held by the Labour and Conservative Parties (around 97% of votes cast, in 1950) has declined to around 60%, and where hitherto marginal parties (UKIP on the right, the Greens on the Left) are rising towards, or passing, the 10% milestone.
Syriza is a left-wing party, unapologetically opposed to the policies of austerity and IMF imposition of deficit-reduction on the Greek public. They don't want to leave the Euro (to do so would cause, at a minimum, a banking crisis and a worsening of recession), but the widespread pain of austerity has reached the point where the downside of leaving the Euro may be seen as less unpleasant than continuing along the current path. (Nor is austerity without its critics; it's deflationary, damaging to growth, and there is some evidence that it is being chosen as the course out of the 2007/08 crisis by the rich for ideological reasons rather than efficacy—it doesn't harm continued accumulation of capital, but it places a disproportionate burden on the poor.)
Predictably the big political guns throughout the EU have been wheeled out against Syriza, to frighten them into going along with the post-2010 arrangement. But it's looking increasingly likely that the Greek public are about to say, not merely "no," but "hell, no!"
So what happens next? Monday's papers are going to be an interesting read ... as for me, I'm speculating idly if, now that Lenin's not-so-excellent experiment has been dead and buried for a generation and the crisis of capitalism has given us a salutory lesson in the consequences of unbridled greed, we aren't now drifting back towards the realization that it's time to try Socialism 2.0.