Skip to main content

View Diary: Things very serious people say (35 comments)

Comment Preferences

  •  Austerity has a purpose (6+ / 0-)

    It always serves to redistribute wealth and income upwards, away from wages and into profits, rents and interest.

    The US, and in our wake, the rest of the world have unquestioningly embraced neoclassical capitalist economics in the past 40 years.  Somehow, at some point, there will be a stage of crisis for all the very same reasons original classical capitalist economics was abandoned in all the world outside the colonial resource states, and even in some of them.

    Ever get the feeling you've been cheated?

    by ActivistGuy on Mon Mar 18, 2013 at 08:20:38 AM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site