Is it time for a full-throated reform of our ‘current economic model’? This editorial from Mexico’s La Jornada expresses just as much derision for America’s current economic policies as any Tea Party member – but comes to dramatically different conclusions.
The La Jornada editorial says in part:
In the best case, warnings by economic specialists about the beginning of a deceleration in the pace of global growth, or, in the worst case, a new recession, are becoming ever more clear and blunt.
Confronted with proof of the worsening of a crisis that was never quite dispelled, the failure incurred by many governments after overcoming the initial global recession three years ago has become apparent. Instead of invoking a broad consensus to restrain the greed of capital and a reformulation of the economic model still in force in many parts of the world, including in our country, a widely-known decision was made to sacrifice the population and continue with bad pre-crisis habits, and so raise the likelihood of social upheaval. The alleged overcoming of the global crisis was limited to a restructuring of macro-indicators; it didn’t touch the intrinsic instability of the current economic model, which generates social inequality, concentrates wealth and favors speculation over productive activity.
Instead of invoking a broad consensus to restrain the greed of capital and reform the economic model, a widely-known decision was made to sacrifice the population and continue with bad pre-crisis habits … What is urgently needed is a profound reform that puts people – and not capital – at the center of government concern and action.
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