The Austerity Hoax

via: ActivistPost
by: Stephen Lendman
August 3, 2012

Since 2008, Western nations have force-fed their people austerity poison. Decline replaces prosperity. Millions suffer. Living standards deteriorate. Societies become no longer fit to live in.

Neoliberal and imperial priorities let essential public needs go begging. How much more people will take before erupting remains to be seen.

The longer fiscal pain continues, the closer an ultimate day of reckoning approaches. It’ll arrive disruptively. Perhaps people will recognize that throwing out bums for new ones accomplishes nothing.

America is Exhibit A. Political Washington is corrupt, immoral, degenerate, and unprincipled. Instead of helping people, they destroy them. They benefit from imposing misery.

Allied with criminal bankers an other corporate predators, their policies made conditions for growing millions intolerable.

Imperial wars destroy nations. Austerity leaves “nothing to drive the economy,” says Paul Craig Roberts. Washington’s solution is increase it. Doing it is economically destructive. Only bankers, other corporate favorites, and war profiteers benefit.

Michael Hudson says austerity sacrifices the “production economy, the consumption economy, (and) the real economy….” Viable alternatives are ignored to benefit privileged elites at the expense of most others.

Continue Reading At: ActivistPost.com

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