Multimedia
Audio
Video
Photo

How do we get out of here? Alternatives to Austerity

Anonyme, Friday, December 10, 2010 - 16:51

Frederic Lordon, economist and contributor to Le Monde diplomatique

Austerity is not the only way to make up for massive government debt and lack of revenue following self-induced disasters in private finance. There are fairer ways to balance the books.

"The financial sector has been saved and the recession contained, but only by sweeping most of the problems under the carpet. This could easily lead to disaster in the near future...

Savage cuts are not the only solution. Interesting alternatives have been brushed aside...

Financial transactions, institutions and other players could all be made to pay for the correction of the problem for which they were responsible. The only acceptable principle for fiscal adjustment is that the financial sector should bear the entire cost of the crisis it caused..."

Frederic Lordon is an economist and contributor to Le Monde diplomatique.

To read his article published in March 2010, click on
http://mondediplo.com/2010/03/02financialreforms

__

www.freewebs.com/mbtranslations
www.onthecommons.org



CMAQ: Vie associative


Quebec City collective: no longer exist.

Get involved !

 

Ceci est un média alternatif de publication ouverte. Le collectif CMAQ, qui gère la validation des contributions sur le Indymedia-Québec, n'endosse aucunement les propos et ne juge pas de la véracité des informations. Ce sont les commentaires des Internautes, comme vous, qui servent à évaluer la qualité de l'information. Nous avons néanmoins une Politique éditoriale , qui essentiellement demande que les contributions portent sur une question d'émancipation et ne proviennent pas de médias commerciaux.

This is an alternative media using open publishing. The CMAQ collective, who validates the posts submitted on the Indymedia-Quebec, does not endorse in any way the opinions and statements and does not judge if the information is correct or true. The quality of the information is evaluated by the comments from Internet surfers, like yourself. We nonetheless have an Editorial Policy , which essentially requires that posts be related to questions of emancipation and does not come from a commercial media.