The European Union's response to the economic chaos gripping the continent seems a combination of profound delusion, and what British a reporter called "sado-monetarism" -- endless cutbacks, savage austerity, and widespread layoffs.
A fascinating drama took place in the U.S. House of Representatives last week, as the Republican leadership refused to allow a vote on an amendment to the 2013 Defense Authorization Act.
There is a rising threat to democracy, a direct result of the economic crisis and how the powers that be deal with it. We must change the failed austerity politics of our country to a politics of economic growth, beginning with massive job creation.
Cutbacks and layoffs have touched off huge street protests, general strikes, and the collapse of governments.
Debtocracy, a free online movie distributed under Creative Commons license, exposes roots of Greece and Europe's debt crisis and offers an alternative to austerity policies.