4 ms·
Wonder how long before he is sacked. Rare instance of establishment official bucking the narrative. These kind of reports are usually made about 'inconvenient r
by throw2016 8y ago
Wonder how long before he is sacked. Rare instance of establishment official bucking the narrative. These kind of reports are usually made about 'inconvenient regimes'.
Austerity [1] is a dubious predatory ideology pushed by neoliberal economists parroting the mantra of freemarkets, privatization while pushing crude policies that benefit special interests. The modus operandi is defund public services, raise a ruckus about ensuing chaos and build the rationale for privatization.
A country with its own currency is a not a household. In the case of the US the dollar being the global reserve currency provides even more freedom compared to any other country. Simplistic household type comparisons by agenda driven economists about complex modern economies are grossly misleading.
You cannot bailout banks to the tune of trillions and them impose austerity on the population, this is not capitalism or freemarkets, its gross corruption. Where did this money come from? What about all the scares of 'runway inflation' by such massive injections, why were creditors bailed out and not debtors? Why shouldn't these funds be spent on the people the government represent and not special interests?
Mark Blyth [1], Michael Hudson [2], Steve Keen and Joseph Stiglitz [3] are doing a lot of work on neoliberal economics and dubious policies like austerity.
[1] https://www.youtube.com/watch?v=JQuHSQXxsjM https://www.youtube.com/watch?v=JQuHSQXxsjM
[2] https://www.youtube.com/watch?v=YBi00-LBUnQ https://www.youtube.com/watch?v=YBi00-LBUnQ
[3] https://www.youtube.com/watch?v=HzCRCX_gwII https://www.youtube.com/watch?v=HzCRCX_gwII