May 10th, 2015

The Inhuman Failure of ‘Austerity’

The Framers of the U.S. Constitution said the Government should provide for the “general Welfare,” a mandate to help build a strong and prosperous nation. But the concept has been lost in a wave of anti-government, “neoliberal” propaganda making the Market king, as David William Pear explains.

By David William Pear

May 09, 2015 "Information Clearing House" - "Consortium News" -  Close your eyes and imagine an affluent society with subsonic trains crisscrossing the continent. One that produces unlimited clean energy. Provides basic healthcare for everyone. Values education for its own sake. Cultivates the arts and research to discover beauty and the unknown. An affluent society that responds with compassion to natural disaster. Conserves natural resources and protects the environment. And enjoys more leisure time. Cares about eliminating poverty and illiteracy. That ends racism and prejudice.

Does the affluent society seem like a dream? Is it an impossible goal? The neoliberals think it is. They imagine a world of austerity and a new Gilded Age.

The neoliberals are prisoners of the Eighteenth Century. They have not advanced since the neo-feudal teachings of Adam Smith (1723-1790). Smith is the godfather of economics and wrote the “bible” of capitalism, An Inquiry into the Nature and Causes of the Wealth of Nations. Smith was among the first to give much thought about economics.

Collapse )