In the maneuvering to affix blame for the mess that is sequestration, the Republicans in Congress would have us believe this was all the President’s idea to begin with,
And that’s the problem. The debate has never been a question of whether or not we should even be pursuing a politics of austerity in the first place, it has merely been a question of the precise balance of pain that was to be exacted upon those less fortunate than those who will determine our fate.
With austerity policies in Europe and the USA and slow down in China and India, 2013 needs innovative policies or more recession is likely
Protest brings tens of thousands into the streets, but are such mobilizations enough to stop the cuts?
Costas Lapavitsas: Merkel’s visit to Greece shows Eurozone leadership don’t want to push Greece out, but situation is explosive as people are furious at austerity measures
Most Greeks Look to Left for Solutions, but Far Right Gaining Strength
Costas Lapavitsas Pt.2: Left party Syriza leads polls but conditions for fascism also developing as crisis deepens
One hundred thousand workers march on the capital as unions warn austerity isn’t working and threaten a general strike for the first time since 1926,
from The Big Picture with Thom Hartmann (RT)
Richard Wolff, economist & visiting professor in the Graduate Program for International Affairs, New School University, joins Thom Hartmann. Workers in Greece went on strike Wednesday to protest another round of spending cuts under consideration by the Greek government. Public employees, teachers, medics, lawyers, and even banksters walked off their jobs and took to the streets to protest salary and pension cuts. It’s the first such strike since the new Conservative government took power in June. Yet the Greek government today unveiled it’s new austerity budget pledging to cut $11.5 billion over the next several years. So what will this latest round of cuts due to a nation that is already collapsing under the banksters demands?
German Left Party Vice-President Sahra Wagenknecht on wage repression in Germany and the European Stability Mechanism
from Democracy Now!
Thousands of people surrounded the Spanish Parliament in Madrid on Tuesday to protest austerity measures and the loss of public confidence in elected leaders. The “Occupy Congress” protest came as the conservative administration of Prime Minister Mariano Rajoy prepares to unveil further austerity measures on Thursday. After hours of protest, police in riot gear charged against demonstrators with batons and fired rubber bullets. Thirty-five people were arrested and at least 60 people were injured. We go to Madrid to speak with independent journalist Maria Carrion.
Leo Panitch and Sam Gindin (authors of The Making of Global Capitalism: The Political Economy of American Empire): As long as effective demand remains low and banks demand austerity to protect their assets, the crisis will deepen.
Part Two: The Crisis and Who Has the Power
Major structural change or effective short term reforms requires addressing democratic decision making starting with making banks a public utility.
In Southern Spain, Juan Manuel Sánchez Gordillo, mayor of the small town of Marinaleda, is helping organize a growing protest movement against the austerity measures imposed by the Spanish government. Sánchez Gordillo and the landless peasants that follow him are at the forefront of demonstrations seeking a radical change in the country’s economic policies in response to the country’s worsening crisis.
The Progressive Fox is proudly powered by
WordPress
Entries (RSS)
and Comments (RSS).
Content on this site is licensed under a Creative Commons
Attribution-NonCommercial-NoDerivs 3.0 License
from