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I think there are three different narratives at play in regards to the current crisis:

The dominant one: The crisis is caused by government deficits and must be solved by reducing government spending and raising taxes on the poor. Main problem is feckless poors and southerners.

IM's alternative: The crisis is caused by government deficits and must be solved by raising taxes on the rich.

Jake's & Mig's alternative: The crisis is caused by EMU rules limiting government deficits and must be solved institutional reform to allow deficit spending.

Please correct me if I am wrong when stating the positions, but if I am right paiting either side as collaborating with the right-wing narrative in one is unhelpful.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Tue Aug 16th, 2011 at 02:14:12 PM EST
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