In the streets of Greece, arguably the biggest protest in years is now descending into violence. People are venting their anger against a new package of austerity measures the country is likley to adopt as soon as Thursday.
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Police and protesters in Athens clash outside the parliament as the so-called "mother of all strikes" is underway in Greece. Around 125,000 people are taking part in the largest protest since financial turmoil began crippling the country.
How did America become a land of debt-serfs? We can trace our debt-serfdom to three core dynamics which now dominate the American economy. To understand the transition from a state of minimal financial wealth/maximum freedom to one of debt servitude (illusory wealth and sacrifice of freedom for all that lifetime debt can buy), we first need to understand the gradual nature of this transmogrification. It has become a cultural given that major political changes are often wrought by conspiracies, official or informal. Conspiracies–otherwise known as crony or cartel capitalism and insider manipulation of process and perception–do exist. However, major cultural shifts are long, drawn-out affairs that result not from conspiracy but from the steady application of self-serving agendas by wealthy, politically powerful special interests. |
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