Despite disappointing election results, Podemos party leader Pablo Iglesias has had an impact on his country’s political landscape and vows to continue to fight to reverse extreme inequality.
Just like the United States, Australia has a debt ceiling. Australian borrowing bumps up against this ceiling on a regular basis. But there the similarity ends.
The lesson of the Reinhart-Rogoff affair: If we let wealth continue to concentrate — and corrupt our societies — we’ll all end up crying ‘96 tears.’
Expect life expectancy in Greece and other austerity-hit countries to drop in coming years. Suicides are only the first symptom of austerity syndrome. The worst is yet to come.
Austerity is going to make Greece a cheap place to visit once the protests die down, and backpacker adventure tourists will make Greece a cooler destination than ever. But for most people, it’s much better to live in a rich social democracy than in a cool adventure tourism destination.