The Shrewd Economist

Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018

Showing posts with label anti-austerity protests. Show all posts

July 20, 2012

Spain Police Clash with Austerity Protesters
Eurozone ministers are expected to give their final approval of a huge bailout of Spanish banks on Friday.But in Madrid, police fired rubber-coated bullets to disperse protesters. They are angry at the latest budget cuts and tax hikes as demonstrations were held in 80 cities. Al Jazeera's Paul Brennan reports from the capital, Madrid.

Posted by Mark at 17:18

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Labels: anti-austerity protests, austerity, economy of Spain, Madrid, Spain

June 21, 2012

Spanish Stage Anti-Austerity Protests
The Finance minister of another debt-stricken nation - Spain - insists his country doesn't need a full-blown bailout. But protesters, taking part in nationwide rallies against spending cuts and recent rescue packages for banks, disagree. Al Jazeera's Paul Brennan reports from Madrid.