"In my January column I explained that by stonewalling financial regulatory reform and imposing draconian fiscal austerity in the midst of the worst economic recession in eighty years ruling elites in Europe, the US, and Canada have us on track for what amounts to economic suicide, putting the North Atlantic region fast on the road to becoming formerly advanced economies. How can this have happened? Why would our ruling elites engage in such counterproductive policies?"
from new left project...
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