Saturday, 16 February 2013

'Starve Society to Impose Unseen Poverty': EU Chiefs' Way Out of Crisis


France says it's unlikely to meet its target of reducing the public deficit to the 3 percent limit set by the EU. Portugal and Spain are also trying to deal with unprecedented levels of unemployment, while Greece has suffered ongoing protests over it's austerity policies. For more RT talks to social analyst and philosophy lecturer at the University of the Aegean, Panagiotis Sotiris.




[Posted at the SpookyWeather blog, February 16th, 2013.]

2 comments:

steven andresen said...

spook,

Sometimes I think I need to see more on just one or two topics instead of a little bit on a lot of topics.

So, for example, I would like to know where I could find a lot on this economic debate around austerity and Keynesian economic policies.

Do you spend your way out of a depression, or do you cut your budgetary expenditures until you are not spending more than you are producing, and thereby work to decrease your indebtedness?

I thought this was the debate between Paul and Krugman, or between the bankers who are for austerity in Europe, or America, and the Keynsians who would have depression era jobs and investment programs.

Do you know of any blogs that focus on just this issue, or on other issues you have been discussing on your weather channel?

s.

SpookyOne said...

S,

I think you might have to search typing in the key words like depression, Keynsian, Austrian economy etc.

I usually run into debates on this topic with the Keiser Report and articles that pop up on WhatReallyHappened.com.

I don't think spending money is a problem except where the chronic underlying issues are not addressed, like bankrupt banks and lawless systems. The gov can act to support the people but the system will probably not correct itself if finance system is not addressed ie Glass Steagal laws, Derivatives mostly abolished, abolish NAFTA etc.

The endless money being spent on the big banks is being wasted. Helicopter money into a multi trillion dollar derviatives black hole.

Spook