Economic Update – Austerity Resistance Rising – 05.24.15

Opening updates focus on Seattle, Puerto Rico, Los Angeles, and Portugal. We then examine business domination of universities in service to profits and Republican efforts to undermine Democrats revenues from unions. We answer listeners’ questions about business influence on govt policies and the question: “What is fascism?”. Major topics treated in the program’s second half are repression aimed at those resisting austerity and crisis of US higher education.

water from the tap

Tens of Thousands Flood Dublin Demanding Abolition of Austerity TaxOn Water

Tens of thousands of people took to the streets of the Irish capital on Saturday to demand the abolition of a controversial water tax—an austerity measure that protesters say violates the human right to this vital good. The campaign Right2Water announced in a press statement on Saturday that over 80,000 people from across Ireland took part in the demonstration. The group, whose …

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The Greek Debt Interim Agreement: Necessary Step or Sell-Out?

By Jack Rasmus –

Last Friday, February 20, Greece’s Syriza government agreed to a four month extension of the current debt package that has been in effect since Greece’s last debt renegotiation in 2012, thus agreeing to the main demand of the Troika that it do so as a condition for further negotiations. Some have read this as a ‘sell-out’ by Syriza of its election promises to reject the austerity measures the Troika established in 2010 and 2012, which have kept Greece in a condition of perpetual economic depression for the past half decade. By agreeing to continue current debt arrangements for another four months, critics say Syriza has also reneged on its promise to reject the Troika’s previous debt deal. The same critics argue that Syriza should have simply declared ‘no’ to extending both the current debt package and related austerity measures by the February 28 expiration date. And if the Troika didn’t like it, so be it; Greece should just leave the Euro currency zone.