16 February 2015

Modern Economics: Austerity

"In Greek mythology Sisyphus (Greek: Σίσυφος) was the king of Ephyra. He was punished by the gods for his chronic deceitfulness by being compelled to roll an immense boulder up a steep hill, only to watch it roll back down, over and over again."

In the modern mythology of bizarre economics, austerity can be described as 'the Reverse Sisyphus.'

The victims of systemic bank fraud and widespread cheating and manipulation of markets and laws are forced to pay the price, in an endless cycle of booms and busts, for the deceitfulness and injustice of the powerful financial interests and their privileged friends.
Related:  Bubblenomics

The NeoLiberal Colossus

"Keep, ancient lands, your human dignity!" cries she
With curling lips. "Give me your tired, your poor,
Your huddled masses, yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the weak, the homeless, the victims all to me,
And I will grind their bones, forevermore!"