The pseudonym "Philo Vaihinger" has been abandoned. All posts have been and are written by me, Joseph Auclair.

Saturday, June 13, 2015

The S&P, neoliberal agenda

The aim of global finance capitalism?

A supranationally integrated economy firmly out of the reach of "party politics."


They attack national sovereignty to avoid popular sovereignty and establish unchallengable corporatocracy.

The dystopian future of so many novels and films is their goal.

The cosmopolitan left is not resisting but helping.

As for the counsel of "independent" experts, well .  .  .  .

S&P is the only major ratings agency to still give the UK a top rating of AAA, because it views the UK economy as flexible and diversified.

The other two, Moody's and Fitch, both downgraded the UK in 2013 over worries about its economic growth and the country's ability to repay its debt.

Earlier this week, the independent watchdog the Office of Budget Responsibility warned that years more spending cuts would be needed in order to bring the national debt under control.

No hint that one might raise taxes, you see.

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