Austerity will lead to economic collapse

As Toronto prepares to play host to the world's leaders, the global financial crisis continues to rage. Economics are expected to be at the forefront of discussions at the G-20 summit, however, each country has different concerns. Michel Chossudovsky says that what works in Europe is unlikely to be effective in the US since the causes of the economic crisis in the US are well known: escalating military expenditures and the bank bailout.

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[contacter]

@Motoicon a dramatic reordering of many of our societies is coming. I hope it is peaceful. However, our rigged electoral systems(first past the post) makes it unlikely that it will be.

[contacter]

An old axiom: Marx was wrong in everything he wrote about socialism, but absolutely right in his analysis and description of capitalism. I am no communist, rather a social democrat, but i can see that the market economy has morphed into corporatism. Oligarchs rule the industrialized economies thru their political stooges of all major parties(including the British Labour Party) and the real market economy is smothered by ever incr corporate concentration.

[bestkeylar]

Stock up on a few months of whole wheat and freeze dried food if you can.

Vote Ron Paul 2012

[ZSwierczynski]

Well no shit it will have an economic collapse.

[wolftreetree]

so aid goes to the bankers, they have bo honor.

[robmcneish1]

It's the mob.



[straty01]

This is the playbook of economic 'hitmen'

[Norwification]

@madmankitchen the fact that many countries no longer produce items that now are made in china and the asian tiger countries doesnt equal a falling economy for western countries, it merely means that production shifts as a result of ricardian model of international trade. as a matter of fact its mutually beneficial for the economies on the whole, albeit possibly negative for the individuals holding unskilled jobs in production

[restlesspride666]

holy crap.

[plalelal]

@jscottupton No, it's military.