Note especially how Greece has been ordered as part of its “restructuring” to lower what it pays for its national health service from 10% of GDP to 6% — and the GDP has dropped 25%. Literally, people will die from this one aspect of austerity.
The Robamney Corporatism front have this kind of thing in mind for the USA.
To complement Krugman’s piece, I suggest reading Yves Smith’s Austerity Kills at Naked Capitalism.
Note especially how Greece has been ordered as part of its “restructuring” to lower what it pays for its national health service from 10% of GDP to 6% — and the GDP has dropped 25%. Literally, people will die from this one aspect of austerity.
The Robamney Corporatism front have this kind of thing in mind for the USA.