Stop the neo-liberal crisis politics - dispossess the beneficiaries!

1 post / 0 new

"We are experiencing the deepest crisis of capitalism since the great depression of the 30s – and the European governments continue to pour oil on the fires! From the very beginning, some governments have prevented a solidarity-based solution to the crisis in Europe and are significantly responsible for its exacerbation. This refers particularly to the German government, which, in August 2008, blocked a substantial economic stimulus package for Europe. Hardly had the recession reached its lowest point in Germany in 2009, when the German government preached the necessity for hard austerity policies. The “debt brake” was anchored in the constitution: politics disempowered itself, shaped by neo-liberal ideology. The austerity measures taken in various EU states affected above all wage-earners, pensioners, the unemployed and the self-employed, while the wealthy, the banks and the corporations were spared. In spring 2010 the German government blocked aid for Greece, causing a steep rise in the yields of Greek government bonds and thus an increase in national debt and making a solution of the crisis more difficult and expensive. The loan agreements with Greece and other countries in crisis and their ridiculous austerity demands only made the crisis worse. For example, the reduction in the Greek minimum wage does not contribute to an increase in “competitiveness”, as the country’s current account deficit is as much due to the mercantilistic policies of the core eurozone countries, as to the role of deregulated finance. Instead, the reduction of the minimum wage has destroyed the internal market further. This example makes clear that the current crisis politics redistributes wealth from wage-earners to those who possess the capital, regardless of the macro-economic and societal consequences. Greek salaries have already dropped by 20-30%, hundreds of thousands of people are losing their jobs, over 10,000 schools are closed, hospitals are running out of medication, children are starving. Similar developments are also looming in Portugal and in other European countries"

to read the new international call to Blockupy from attac academic advisors and others Published May 1, 2012, click on

http://www.stop-neoliberal-crises-politics.org/index.php?id=11288&L=2

demandside's picture
demandside
Joined:
Jul. 31, 2007 4:01 pm

Latest Headlines

Who rejected United States-North Korea peace talks?

There were conflicting reports on Sunday regarding a recent proposal for United States-North Korea peace talks which was allegedly made before North Korea"s recent nuclear test

U.K. Pound Falls As Markets Get Brexit Jitters

Bloomberg said on Monday the pound had sustained its biggest fall against the dollar in 11 months

Clinton: I'll defend Israel but push for 'two-state solution

Hillary Clinton believes both Republican candidates Donald Trump and Ted Cruz "missed the mark" with their approach to the Israel-Palestinian Arab conflict

State-Owned Bank of North Dakota is a HUGE Success!

In 2014, the state Bank of North Dakota was more profitable than Goldman Sachs and J.P. Morgan Chase. And, that's why every state should own their own depository institution.

Most people attributed the Bank of North Dakota's success with the oil boom in the region, but their latest report shows that last year was their most profitable year ever, despite the fact that their state's oil boom has become an oil bust.

Powered by Pressflow, an open source content management system