Saturday, February 20, 2010

Euro not for Europe's Poor

from IPS news service. Globalized capitalism works the same everywhere. It is impoverishing the most vulnerable people, people that the system finds dispensable because they have neither capital nor the kind of skilled labor power to enrich those who "own" the economy under this system.
"It is not Greece that is suffering but the Greek working people, the people who are always at the bottom of the pile," he told IPS. "If you want to have a reduction of the deficit, the first thing to do should not be to hit the most vulnerable parts of society, the low-paid civil servants and the working class. You should hit big capital, the people who profited out of the extreme neo- liberal organisation of the markets."