Austerity Measures Meet Resistance and the Democratic Will

austerity measures

*+-Carl Bloice: It’s funny how a dramatic political crisis can focus the mind, how things like the Occupy movement and the European voters’ revolt can shift perception — even the public expression — of the powers-that-be in politics and the media.

The Tinder-Box Society

poverty

*+-Robert Reich: Most of the gains from the productivity revolution are going to the owners of capital, while typical workers are either unemployed or underemployed, or else getting wages and benefits whose real value continues to drop.

Let’s Have a Tea Party

tea party congress

*+-Ted Vaill: Teabaggers, look at what has happened this past week in England – get rid of entitlements and you have rioting in the streets fomented by the unemployed youths who have been pushed down through England’s safety net.

How Austerity Is Ushering in a Global Recession

world-economy-wide

*+-Robert Reich: Chalk up a big part of Europe’s slowdown to the politics and economics of austerity. Europe – including Britain – have turned John Maynard Keynes on his head. They’ve been cutting public spending just when they should be spending more to counteract slowing private spending.