Thursday, November 17, 2011

David Leonhardt’s fairytale of austerity

Click here to access article by Jim O’Reilly from his blog, Comments on Global Political Economy.

The author deconstructs an opinion piece about the economy published in the NY Times and reveals what many in the OWS movement are now understanding: the one percent are hoarding and denying the fruits of technological wealth created by working people to working people--unless or until they can derive sufficient profit from it.
The earth is a great casino for the owners, nothing more, and human society will be allowed to fall to the dark ages if the species becomes no longer profitable.