Saturday, August 11, 2012

Crisis and alternatives


Crisis for whom? Why after all this is it business more or less as usual? Because those who benefit think they can get away with it. Where there is greater ground level resistance – for example in Greece, significant political forces have put forward specific alternatives of a fundamentally anti-austerity kind – debt renegotiation, partial cancellation, progressive taxation and redistribution, employment generating policies, reversal of privatization, moving towards public control of finance. What the elites of Europe fear is that this kind of upsurge from below can spread from Greece to other European countries hence their support to the conservative parties.
(A paper was presented at the Sub-regional Conference of the Asia-Europe People’s Forum in Jakarta in  June )
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