Thing is that Europe is a capitalist economy and people who own companies will make decisions that increase their profits. You can't compare Europe to China or Venezuela because the nature of the economy is not the same here. You are completely right that the US has been systemically undermining Europe though. The US has no interest in Europe becoming a competitor.
Thing is that Europe is a capitalist economy and people who own companies will make decisions that increase their profits.
I agree and I don't want to sound like it's just US vs EU here, because there are plenty of capitalists in the EU of course who would certainly love to have more "austerity" and gut public services with as little public backlash as possible. I'm just saying I've seen similar propaganda in the US my entire life, often directed at institutions in the US, and a lot of times it shares similarities with how the US media also treats certain foreign governments.
Oh yeah, no argument that the article is very clearly doing propaganda to justify the austerity that's coming. Basically, the way I look at it is that there are two things at play here. First is that capitalists who own the means of production are going to use the economic crisis in Europe as an opportunity to drive austerity policies. Second is that capitalist own media is going to do a propaganda blitz to condition the public to accept that.
Thing is that Europe is a capitalist economy and people who own companies will make decisions that increase their profits. You can't compare Europe to China or Venezuela because the nature of the economy is not the same here. You are completely right that the US has been systemically undermining Europe though. The US has no interest in Europe becoming a competitor.
I agree and I don't want to sound like it's just US vs EU here, because there are plenty of capitalists in the EU of course who would certainly love to have more "austerity" and gut public services with as little public backlash as possible. I'm just saying I've seen similar propaganda in the US my entire life, often directed at institutions in the US, and a lot of times it shares similarities with how the US media also treats certain foreign governments.
Oh yeah, no argument that the article is very clearly doing propaganda to justify the austerity that's coming. Basically, the way I look at it is that there are two things at play here. First is that capitalists who own the means of production are going to use the economic crisis in Europe as an opportunity to drive austerity policies. Second is that capitalist own media is going to do a propaganda blitz to condition the public to accept that.