Capitalism’s Two-Step Survival Plan: Austerity and Structural Reform

austerity stimulus

Shamus Cooke: The coast is clear, the media tells us; economic disaster has been averted. The Euro Zone is finally stable and the U.S. economy is recovering. Whew! Why, then, are government policies internationally still pursuing extremist measures?

Why the Automakers Won’t Make Fuel-Efficient Cars, Even as the Price of Being Bailed Out

detroit

by Robert Reich – Telling automakers to make more fuel-efficient cars as a condition of being bailed out is like telling Citigroup or any other big bank to issue more affordable loans to Main Street as a condition of being bailed out. It won’t happen.

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