Wall Street’s Euthanasia of Industry

What is a jobless recovery? We call that a depression. And the economy is going worse and worse. The financial sector realizes that the game is over. The financial interests from America to Greece, Ireland and Europe are all insisting that governments pay off the bad bank loans that they’ve taken onto their balance sheet by increasing taxes and pushing the economy into a depression. http://michael-hudson.com/2011/07/the-euthanasia-of-industry/