Austerity is a Lie.

[KoKo]

17. Agree and many in the Business Community Blogs and even some establishment

and academics are waking up to this reality. It's hard to deny when the demise of Glass-Steagall, the ram through of the Commundites Futures Revision Act and some other policy changes done with the blessings of Alan Greenspan and Phil Gram allowed the derivitaves trading the Housing Bubble that occurred both in US and Europe in the same time frame. Now the people suffer as Austery replaces hard won safety nets and wages won through decades of Unions and Guilds working to give the working people some counterweight to the Corporate Wealthy and safeguards against unbridled greed and corruption.

So many want to say "Conspiracy Theory" and try to put well respected business writers and academics into the "Alex Jones" camp. Or, business reading isn't their interest. But, it all comes back to Wall Street and Global financial interests whose whole business model depends on exploitation. It's the nature of their beast and the beast needs a leash...that leash has been broken.