We should give austerity a new name: Call it the Reverse Robin Hood Doctrine.
Austerity is the regime imposed on the world’s debt-ridden poor nations to qualify them for loans to pay the corporations and banksters of the world’s richest nations.
To make those payments, the debt-plagued countries are forced to slash programs designed to help the nation’s afflicted, poor, sick, and otherwise afflicted.
The latest crisis, the Great Recession, brought Greece to its knees, and the government sought loans from the Troika, the International Monetary Fund, the European Central Bank, and the European Commission.
Needless to say, austerity was imposed, forcing drastic cuts in the national healthcare system, the selloff of public assets [including power companies, transit systems, ports, and much more], as well as drastic cuts in public pensions and paychecks, as well as reduced social benefits payments imposed on those who could least afford the loss.
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