
How Austerity Paves the Way for Fascism
Economic Update with Richard D. Wolff
00:00
The Power of Coercion in Austerity
I think even today we are in a moment in which people are trying to really like look beyond the trap, but this trap is powerful. It traps us for real in the sense that deflation as we are seeing it today in the United States, it's not by accident. Once we lose our jobs, we become more market dependent because now you need to pay for school, pay for healthcare and create this precarious nature That kills away and takes away the time we would need to actually organize and experiment with a different world.
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