The working class will now pay for these huge sums of money in the form of welfare cuts, wage cuts and unemployment. With the new euro rescue package, the European governments have placed themselves completely at the mercy of international financial capital. If they do not drastically reduce their budget deficits, the next wave of speculation will inevitably follow. If the financial guarantees are then called upon, the holes in the state budgets will grow, demanding even greater austerity measures.
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.
We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up