The Fiscal Cliff and all its variations are called "austerity" in most countries. Austerity means raising taxes, burdening people and enterprises already hurt by years of crisis. Austerity likewise means cutting government spending that hurts those losing government jobs and business. Politicians now negotiating about the Fiscal Cliff are, in fact, dickering over the details of austerity for the US.The author's "Plan C" is remarkable coming from a US academic. This plan implies, but does not state, public ownership of the economy. Such a thesis is truly radical and revolutionary, and it is very daring of him to advocate this.
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.
Tuesday, December 11, 2012
Republican and Democratic "Remedies" Ensure More Crises, But Alternatives That Work Are Taboo
Click here to access article by Richard D Wolff from Truthout.