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fix the rotten banks
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<blockquote data-quote="rickyb" data-source="post: 1574904" data-attributes="member: 56035"><p>they didnt say too much about the socialism... but it was a good article about the sheer amount of human suffering incurred by the speculators in the banks, and savage central bank policy, along with corrupt governments.</p><p></p><p>also be weary of corporate tax rate numbers like 26%. just because its that number, doesnt mean corporations actually pay that rate. the effective corporate tax rate in america is roughly 12% or so even though the official number is more than double that.</p><p></p><p>also note that public debt as a % of GDP has soared since they began austerity...</p><p></p><p>We have seen these austerity measures before. Latin Americans, like the Russians, were forced by the International Monetary Fund and the World Bank to gut social services, end subsidies on basic goods and food, and decimate the income levels of the middle class—the foundation of democracy—in the name of fiscal responsibility. Small entrepreneurs, especially farmers, were wiped out. State industries were sold off by corrupt government officials to capitalists for a fraction of their value. Utilities and state services were privatized.</p><p></p><p>this is 5 years old on greece: <a href="http://www.truthdig.com/report/item/the_greeks_get_it_20100524" target="_blank">http://www.truthdig.com/report/item/the_greeks_get_it_20100524</a></p></blockquote><p></p>
[QUOTE="rickyb, post: 1574904, member: 56035"] they didnt say too much about the socialism... but it was a good article about the sheer amount of human suffering incurred by the speculators in the banks, and savage central bank policy, along with corrupt governments. also be weary of corporate tax rate numbers like 26%. just because its that number, doesnt mean corporations actually pay that rate. the effective corporate tax rate in america is roughly 12% or so even though the official number is more than double that. also note that public debt as a % of GDP has soared since they began austerity... We have seen these austerity measures before. Latin Americans, like the Russians, were forced by the International Monetary Fund and the World Bank to gut social services, end subsidies on basic goods and food, and decimate the income levels of the middle class—the foundation of democracy—in the name of fiscal responsibility. Small entrepreneurs, especially farmers, were wiped out. State industries were sold off by corrupt government officials to capitalists for a fraction of their value. Utilities and state services were privatized. this is 5 years old on greece: [URL]http://www.truthdig.com/report/item/the_greeks_get_it_20100524[/URL] [/QUOTE]
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