Austerity measures aren't designed to help the general economy or the public. Austerity measures are designed to help the banks and multinational financial interests only.And it is obvious that we can't look to corporate controlled governments for our salvation. We've must do it ourselves.
This is a good thing to keep in mind if a politician or talking head on TV tries to tell you that things will be worse if we don't sacrifice. They are either ignorant, or are lying. The politicians want the working class to compensate the bankers for their losses in order to "save the financial system".
The austerity measures, which are always targeted at labor and the poor, never at the wealthy and the people who caused the crisis, are not in your interests. If you trace the crisis, bailouts, and austerity measures, there is a common thread - the rich are taken care of at the expense of the working class at every single step.
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.
Monday, July 12, 2010
Stimulus vs. Austerity
from The Economic Populist. What the author of this fairly long article is describing is class war in full bloom. Working people must take control of their economies if there is any hope for real change.