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.
Tag: Austerity
What Syriza’s Victory Means for Europe
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…
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…
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…