Truthout
Austerity

After Five Years: Report Card on Crisis Capitalism
After five years of crisis - with no end in sight - it's time to evaluate what happened, why and what needs to be done.

A Wall Street Gambling Tax: The Remedy to Inequality
Taxing Wall Street speculation is a great way to raise whatever money might be needed to meet deficit targets.

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Euro Fears Mount in Spite of Greek Election Results
Weekend election results in Greece did little to settle concerns about a Europe-driven global economic slowdown.

The Greek Elections and the Future of John Maynard Keynes
In what is certainly the most closely watched election that Greece has ever had, the center-right New Democracy Party took nearly 30 percent of the vote, with SYRIZA rising …

Spanish Austerity Savage to the Point of Sadism
If you are Josef Ackermann heading up the Deutsche Bank, you earned an 8 million Euro bonus in 2012, because you successfully manipulated the past four years of economic …

Greece and the Euro: Fifty Ways to Leave Your Lover
Rules that can be bent for banks can be bent for the people - not just the Greeks, but the Irish, Italians, Spaniards, Portuguese and others lined up behind …

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Happy Hour
Copyright Universal UClick.

Trickle-Down Cruelty and the Politics of Austerity
In Philadelphia, budget cuts have led to fire departments closing on a daily rotating basis, delaying response time. (Photo: Sam Blackman)

Gutting Public Education: Neoliberalism and the Politics of Opportunism
America's political and economic elites have declared a war on working, middle-class and poor Americans. Now that war is coming to a head with the draconian cuts in education, …

Teachers Without Jobs and Education Without Hope
The United States' choice to deal with its financial crisis by further weakening public and higher education is devastating.