>> "Whatever the deep roots of this paralysis, it’s becoming increasingly >> clear that it will take utter catastrophe to get any real policy >> action that goes beyond bank bailouts. But don’t despair: at the rate >> things are going, especially in Europe, utter catastrophe may be just >> around the corner. " -- Paul Krugman
michael perelman wrote: > A liberal shock doctrine? but it seems that Europe is going to be shocked a lot before the ECB does what's good for the euro. Naomi Klein's "shock doctrine" makes a lot of sense in this context, especially if shorn of its conspiracy-theory elements. One of the reasons why so much of the Euroestablishment doesn't want Keynesian expansionary fiscal policies, a fiscal union, etc. is because they are (hoping that they are) profiting by picking up the pieces at fire-sale prices and by pushing "labor market flexibility" and "screw the pension fund" strategies. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
