Wanna know how badly you’re screwed?

Ian Welsh’s got 22 points some repeat, but here’s a nice pair which sums up how disfunctional the whole global economy is:

10) Austerity is a means by which the rich can buy up assets which are not normally on the market for cheap.

11) the wealth of the rich and major corporations has recovered and in many countries exceeded its prior highs.  They are doing fine. Austerity is not hurting them. They control your politicians.  The depression will not end until it is in their interest for it to do so, or their wealth and power is broken.

Ian Welsh: Some basics on the economy « naked capitalism

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