Friday, October 21, 2011

What's Their Real Game? #auspol

Bill Mitchell nails it with this article on "Debt, Deficits, and Modern Monetary Theory" in Harvard International Review.

And if you read it carefully and understand what he is saying then it becomes very clear that our Governments are not actually interested in looking out for their citizens. They are doing something else altogether - something that is built upon a nasty and destructive right wing *ideology*.

Which is why the UK, the USA and to a lesser extent the AU economies are all heading downhill - with their focus on *austerity* and reducing government debt and implementing budget surpluses.

Of course the politics are different in each country but the effect will be the same. A giant friggin mess.

In the UK the Tories are misguided - probably due to their extended period in opposition. Their Chancellor seems to believe that cutting government expenditure will help their economy grow ;-) In the meantime millions of their citizens will have to accept serious pain. The Tories will be lucky to see a second term if they keep this up.

In the USA many more millions will be subjected to even worse pain as the GOP attempts to shaft their President - and the Democrats just look on in awe. Unfortunately the American people have become the victims in a blatant attempt by the Republicans to stop a black man from being re-elected to the white house. It's not even subtle anymore.

And here in AU we have an opposition leader who is trying hard to intimidate our government into adopting a neo-liberal ideology. And it seems to be working a treat - which is why we have a promise by the actual Treasurer to bring the budget back to surplus "as soon as possible". Meanwhile job creation has stalled and the economy seems to be flatlining.

Three so-called developed nations - all with governments playing the *austerity* game and shafting their citizens - because they have been captured by a dingbat right wing ideology - or because they are too dumb to know what such a thing actually is.

I will leave it up to you Virginia to work out who is in which camp.

And now they are all cacking themselves that the Occupy Wall Street protest movement might actually get some legs and turf them out.

Bring it on baby.

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