New York Times Supports Austerity Harshness
The NYT notoriously supports wealth, power and privilege.
by Stephen Lendman
Austerity reflects predatory capitalist harshness. Bankers, other corporate favorites, and super-rich elites are enriched at the expense of most others.
Force-fed policies are destructive. Disadvantaged households are harmed most. Capital's divine right is prioritized. It profits by cutting wages and eroding social spending en route to eliminating it altogether.
Washington's fiscal cliff duplicity conceals class war. Bipartisan complicity wants America's social contract destroyed. By 2023 or sooner, it may no longer exist.
Robbing poor Peter to pay rich Paul is policy. It's happening across Europe. The worst of times are planned. Banker rights are prioritized over popular ones. They're on the chopping block for elimination.
On January 1, The New York Times headlined "Used to Hardship, Latvia Accepts Austerity, and Its Pain Eases."
It's hard imaging rubbish this unconscionable gets published. The Times featured it.
Latvia "provide(s) a rare boost to champions of the proposition that pain pays," said The Times. Hard times continue.
"But in just four years, the country has gone from the (EU's) worst economic disaster zone to a model of what the (IMF) hails as the healing properties of deep budget cuts."
IMF policies wage financial war on humanity. They're hugely destructive. They debt-entrap nations. They impoverish millions. They force-feed structural adjustment harshness. They mandate:
- privatization of state enterprises; many are sold for a fraction of real worth;
- mass layoffs;