Austerity is their best weapon: How the rich and powerful sold ineq…

Austerity is their best weapon: How the rich and powerful sold inequality to the masses

Middle class folks were afraid that inflation would erode their savings, so they were more keen to approve draconian measures to cut wages and reduce public budgets. People on the lower rungs of the economic ladder felt the pain first. But eventually the middle class fell on the wrong side of the fence, too. Most of them became relatively poorer.

http://www.salon.com/2015/12/30/austerity_is_their_greatest_weap_partner/

#economics #economy #austerity #lie #poverty #privatization #neoliberalism #propaganda #politics #us #usa #eu #europe #inequality #capitalism

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