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Forum Post: Capitalism In Crisis: The Rise of the Zombie Economy

Posted 5 years ago on April 11, 2013, 1:04 p.m. EST by KMendoza (6) from New York, NY
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[-] 3 points by Middleaged (5140) 5 years ago

Damn, we are all drowning in State Debt... and it is because of the Idiots that are in charge of Finance. Two Sided Idiots. Idiots School, Hospital, Municipal Manager, or Project manager that signs for these Loans and Financial Schemes. And Idiot Financial Manager working in a Bank to set up the Financing as a Rip off that puts cities in huge debt and huge risk.

I know this is a UK Article, I clicked on the Wikipedia Link for PFI, PPP, and seems in the UK some of these deal were off balance sheet ... like they don't really appear on the Budget after the signature and Loan goes through. Idiots.

[-] 2 points by notaneoliberal (2269) 5 years ago

Excellent post. Clear and to the point.

[-] 1 points by Middleaged (5140) 5 years ago

Well it is just like Thatcherism in the 1980s, isn't it? Attack Workers Rights, Outsource, Drain the Economy of Capital, Implement Austerity after TPTB ran up all the Debt..... Then Debase the Currency as the solution.

Margaret Thatcher and the Triumph of Crony Capitalism: “There is No Alternative” (TINA), By Colin Todhunter, Global Research, April 09, 2013


There is nothing New in Washington DC. They are hitting us with "No Alternatives". They act like they are Dumb, Trapped in an Economy that is too messed up or ... too complicated. Or maybe they just act like we don't know anything since they wrecked the Schools and don't tell us "what is going on in our own Governments and our own Banks".

If your Congressman/woman doesn't act like there are alternatives - That is the sign that they are incompetent, uneducated, out of their depth, or in a conspiracy

[-] 1 points by OTP (-203) from Tampa, FL 5 years ago