Let's remember that so many of the proposed financial aid plans for countries like Thailand and Greece are about rescuing investors who lost their bets. They certainly aren't about helping the people who actually live there. Some line is trotted out about their governments being irresponsible and corrupt, and that's probably true (true for the increasingly plutocratic USA and Europe), but why punish the people, who had to live under those governments, with austerity measures in the middle of the worst global depression since the 1930s?[...]
I raise my old socialist question again, whose economy is it?
Saturday, May 15, 2010
Greece & Thailand and Where Else?