Goldman Sachs Says: TINA (There Is No Alternative)
When Blankfein says that the UK has no other choice but to stay with its austerity plan or it will (here’s the threat): “face a negative reaction from global investors,” he knows that Goldman Sachs will benefit from austerity at the expense of the rest of the public:
Austerity gives Goldman opportunities to privatize and financialize the economy further;
Austerity allows Goldman to continue to be a parasite sucking on the lifeblood of the economy;
Austerity will guarantee more bailouts when Goldman takes big risks and fails;
Austerity will keep the 1% wealthy and the wealth accumulation for the rich will continue apace;
Austerity keeps wealth within the financial sector where Goldman can enjoy it;
Austerity guarantees Goldman’s “rentier” status, i.e., it collects unearned money via debt;
Austerity is financial warfare against labor, against industry and against the government;
Austerity will increase the role of the bank and lead to an increase of power and wealth over the rest of society while citizens suffer from low wages, low or no pensions, high debt and fewer entitlements.
Posted on April 25, 2013, in buisiness, Crime, Government, politics, UK, Wealth and tagged Austerity, Banks, Blankfein, Business, Financial Services, Goldman, Goldman Sach, Lloyd Blankfein, UK, Wealth. Bookmark the permalink. Leave a comment.