Unfortunately, the views expressed by this author are highly representative of "progressive" critics of austerity policies now threatening North American and European workers. They want to turn back the clock from neoliberalism to national oriented capitalism. You know...the kind of capitalism Europeans enjoyed under their former "social democratic" governments. This, of course, was a temporary fix used by capitalist directors after WWII to pacify European populations, who were entertaining socialist ideas, into accepting a milder version of capitalism.
She correctly reviews the history of post-war capitalism as having moved from the exploitation of third world countries through debt-driven policies of international bankers to similar treatments now being imposed on European countries as well as North America. She doesn't seem to understand that capitalism has simply, and inexorably, gone global. Thus, she, like her fellow "progressives", can only advocate the futile idea of turning back the clock on the natural development of capitalism.
What the one per cent has imposed, the 99 per cent can reverse. But we’d better be quick about it: time is running out.
