|Paul Krugman's recent column looks at the romance between the 'austerians' -- the promoters of austerity for economically troubled nations -- and the need to inflict pain to get economic gain. His bottom line -- no country that has tried austerity has seen a major economic benefit.
My bottom line -- add 'to its people' to the end of Krugman's bottom line and you've got it exactly. There is an obvious economic benefit, but only for a few.
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Born in the USA, living in Canada since 1968, I'm a Vietnam war resister, a revolutionary democratic socialist partisan of the Fourth International reproclaimed in 1993, a member of Canada's New Democratic Party, on the executive committee of the (more...
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