Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Saturday, February 09, 2013

Paul Krugman: Global Austerity 'An Unethical Experimentation On Human Beings'

Paul Krugman doesn't just think austerity is bad economic policy; the Nobel Prize-winning economist says it's just plain wrong.

"We've basically had an unethical experimentation on human beings going on across the world right now," Krugman told HuffPost Live on Friday. "All these countries are pursuing austerity policies, and in doing so, they are giving us evidence on what actually happens when you do those policies."

Several European countries -- including Great Britain, Greece, Spain and Italy -- have slashed their budgets in recent years. Those countries have seen high unemployment rates and stagnant economies.

"It's been a disaster," Krugman said of austerity in Great Britain. "They have gone back into recession."

The U.S. has also pursued austerity, albeit to a smaller extent. The U.S. government has cut 719,000 jobs since President Barack Obama took office. And the unemployment rate still is far higher than before the recession.

You can watch the whole segment here.

Original Article
Source: huffingtonpost.com
Author: Bonnie Kavoussi

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