Austerity is a means by which the rich can buy up assets which are not normally on the market for cheap.
For Ian's full post, see: http://www.nakedcapitalism.com/2012/09/some-basics-on-the-economy.html Warning: kinda sobering.
Wednesday, September 05, 2012
economic basics - observations from Ian Welsh
In particular, one caught my eye. This observation illuminates an extremely effective oligarchy-enhancing policy mechanism:
For Ian's full post, see: http://www.nakedcapitalism.com/2012/09/some-basics-on-the-economy.html Warning: kinda sobering.
For Ian's full post, see: http://www.nakedcapitalism.com/2012/09/some-basics-on-the-economy.html Warning: kinda sobering.
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