The National Commission on Fiscal Responsibility held its inaugural hearing on Tuesday, launching the process through which the Obama administration plans to introduce drastic attacks on social spending and living standards to make the working class pay for the crisis of American capitalism.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Friday, April 30, 2010
Obama’s blueprint for austerity
from World Socialist Web Site. What capitalists euphemistically call "structural adjustment", which has slashed social, educational, and welfare programs in so many developing countries, is now headed for the US. These are the results of late capitalism under globalization--every country becomes a colony of the international capitalist class and available for exploitation.