Berlusconi's farewell bunga-bunga to the Italian people

Berlusconi is gone, but not before leaving the Italian people one last bone to chew on: economic austerity measures.

That’s the usual parcel of fuck-the-people measures we see everywhere the “public debt” gets too high. Slash public pensions, slash spending on health and education, slash investment in public housing. All because “the people” have been living too high on the hog, or so our leaders would have us believe. It’s the same shitty stick used to beat the Greeks, the Spaniards… the same shitty stick that the IMF has used to rape developing economies for generations.

What it’s all about is this. Interest rates on Italian government bonds are at record highs. The state needs a bail-out so they can pay the high interest rates to the too-big-to-fail banks buying the bonds. Presto! Massive transfer of wealth from the public domain to the private.

Socialize the losses, privatize the profits. Capitalism at its finest!