A great article demonstrating that the economic problems that arose in the early seventies have not been solved. The problems have been allowed to fester and grow, to the detriment of everybody except the rich.

Can't believe the ignorance and stupidity of this article. Anyone saying austerity measures can't fix our problems is saying, in other words, that government spending i.e. socialism is what makes a society rich. Taking from A and giving to B is what makes society richer. Perhaps if we keep trying socialism it'll work eventually. Perhaps if we keep trying more of the class struggle economics of Marx we'll end up with a fair and productive society? Sorry, but that is sheer unadulterated idiocy.

Not only that, but it is precisely this idea that has held sway in the highest policy circles for decades. What a straw man to accuse and abuse free markets for the resulting mess. Bullying know-it-all government smart-alecs like the author have been hammering free markets with government funny money for decades. Then when the inevitable chaos comes, as it does with all attempts at central planning, they have the gall to blame not enough government regulation!