Italy in the austerity trap

The Italian government should not invest, not raise pensions and put pressure on wages. It should squander state ownership of the corporations and neglect public duties. This is the classical neo-liberal program. This is what the political class outside Italy demands, as hedge funds and public finance organizations such as the IMF demand it. This program has already brought Greece to its knees and now it's Italy's turn.

The media, above all the Germans, are zealously zealous. Although the state pays only the financial volume that its citizens have worked for, the media is constantly repeating the concept of debt as if it were a private household. In fact, it is about the fall of the rate of profit, which can only be stopped with low pay. This leads to the impoverishment of an ever larger part of the population. One part of the middle class becomes a rage, another part has to fear for its existence and fear the fall into the lower class. The impoverishment and dependency on social benefits leads to depression and anxiety and finding individual ways out, as if there were a personal debt.

The unions are weak, because the one who can still sell his labor power has the picture of the unemployed in mind and resists wage demands.

In this way, Germany, especially since the Brioni Chancellor, has gone ahead. With its accumulated capital and with the support of the financial industry and with the help of the EU, Germany can force the southerners on the austerity course. Greece is now Italy's turn and France is already in sight. This was called before the Nazi occupation of large-scale economy. There is a certain historical inevitability in this, but this can be stopped abruptly with a collapse of the euro.