Tag Archive for Austerity

image_pdfimage_print

The Inhuman Failure of ‘Austerity’

A classic photo of a poor mother and children in Elm Grove, California, during the Great Depression. (Photo credit: Library of Congress)

The Framers of the U.S. Constitution said the Government should provide for the “general Welfare,” a mandate to help build a strong and prosperous nation. But the concept has been lost in a wave of anti-government, “neoliberal” propaganda making the Market king, as David William Pear explains.

Killing Democracy in Greece

The Parthenon in Athens, standing atop the Acropolis.

Greece, known as the birthplace of democracy, has seen the popular will thwarted often since World War II, from a brutal rightist coup to today’s austerity-driven depression touched off by financial manipulators, as William Blum describes.

What Syriza’s Victory Means for Europe

Alexis Tsipras, leader of Greece's Syriza party. (Photo credit: FrangiscoDer)

Exclusive: The Greek election of the left-wing Syriza party sent shock waves across Europe with establishment parties fearing more populist resistance to years of austerity and to putting bankers first. The question now is whether European voters will follow Syriza’s lead, says Andrés Cala.

The Bad Math Behind Austerity

In recent years, the Republican obsession with slashing the federal budget even at a time of high unemployment rested on the intellectual foundation of a study purporting to prove that government debt strangled economic growth. But that foundation crumbled when a computation error was revealed, as Beverly Bandler explains.

Almost Flunking on Global Warming

Focusing on issues like terrorism and austerity, the world has slid back toward neglecting the slow-grinding existential threat of global warming. A report card by an Establishment think tank offers poor grades on some of the most important subjects, reports ex-CIA analyst Paul R. Pillar.

Spain’s Battle Against ‘Austerity’

Western governments are stepping up their demands for public “austerity” hitting the middle and lower classes, even as extravagance remains the watchword for Wall Street and the rich. In Spain, a determined movement of “indignados” has emerged to challenge this political/economic dynamic, Pablo Ouziel reports.