Economics Politics

‘Europe is Dying’

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If the financial sector can be rescued only by cutting back social spending on Social Security, health care and education, bolstered by more privatization sell-offs, is it worth the price? To sacrifice the economy in this way would violate most peoples’ social values of equity and fairness rooted deep in Enlightenment philosophy.

Superb, if lengthy analysis from Michael Hudson, Distinguished Research Professor at the University of Missouri at Kansas City: Europe’s Fiscal Dystopia: The “New Austerity” Road to Neoserfdom.

His argument is along similar lines to my Cameron’s Deceitful Cuts Rhetoric

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