Neoliberalism, the privatization and commoditization of everything that moves, has experienced a great run over the past three decades, jump-started in the 1980s by PM Thatcher and President Reagan, christened in 1951 by Milton Friedman.
I’m no economist but I have been wondering how Syriza plans to bypass German-imposed austerity as long as it sticks with the euro. Depressed economies recover by devaluing their currency so that they can become more competitive. But Greece is currently tied to the euro, which means it cannot devalue and must continue to compete, despite its deathbed economy, against far larger and stronger economies like Germany’s.
Greece has a unique opportunity to exit the Eurozone gracefully, head high, telling the troika, especially the fratricidal Brussels gang, that honoring the election commitment to the Greek people is a priority – no more austerity, no more pension cuts, no more privatization of public services and public assets, no more closing of hospitals – for these honorable reasons Greece will exit the Eurozone – not surrender, never surrender. This is not surrender; this is a wise move that will lead Greece into a new and prosperous future.
Sputnik – 17.06.2015 Following the broadcast of an Irish documentary, a number of human rights groups are calling on London to take responsibility for its role in colluding with paramilitary groups in Northern Ireland. These actions allegedly resulted in the deaths of hundreds of Catholics, all to support the Crown. In 1974, a coordinated attack […]
Pliable Stats vs Stubborn Facts By CILLIAN DOYLE | CounterPunch | May 2, 2015 Dublin, Ireland – Have you heard the news? Dear old Ireland is in the midst of a great economic recovery. Well, that’s according to the government, the mainstream media, the multinational sector and even Angela Merkel. Yes, one by one they […]
By Danielle Ryan | RT | April 24, 2015 Once again Western media has rushed to judgment over a “Russian submarine”, this time in an incident off the coast of Ireland. But maybe they should have done their homework on this one. Britain and the US have worse track records in the Irish Sea. Last week, […]
When the banking system becomes too big to bail, the moral hazard trade that started it all becomes systemic “immoral hazard”—an extortion racket aided and abetted by the very politicians elected to serve our interests. When that trade takes place in a set of institutions that is incapable of resolving the crisis it faces, the result is permanent austerity.
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RT | March 24, 2015 In the same week that The Economist lauded Ukraine’s “commitment to European values,” Kiev’s current regime kicked out Euronews. Who do they think they are kidding? Ah, The Economist. Without question, it’s is the best informed news magazine in the world… except on subjects I know something about. Take Ukraine […]
The main culprit in the debt crisis was a fall in tax revenues resulting from massive tax cuts for corporations and the wealthy. According to Razmig Keucheyan, sociologist and author of “The Left Hemisphere,” this “neoliberal mantra” that was supposed to increase investment and employment did the opposite.
The post Europe’s Debt: Lies and Myths appeared first on BSNEWS.
RT | March 9, 2015 British Special Forces soldiers are once again operating in Northern Ireland, allegedly, to counter violent Republican groups including the Real IRA, according to intelligence sources. Quoted in the Daily Star newspaper, they said up to 60 members of the Special Reconnaissance Regiment (SRR) are in the region. One source told […]
