Police threw a ring of steel around EU headquarters Wednesday as tens of thousands in a sea of banners from across Europe took to the streets in a worker backlash against painful spending cuts.
Similar demonstrations were planned across the continent, from Poland to Portugal and Latvia to Cyprus.
The more the public protests and fights public spending cuts - austerity, the more devaluation or the printing press will be accepted, thus, used as the solution to the problem. Either way, austerity or currency debasement, the general standard of living declines. Austerity measure affects standard of living directly, while currency debasement is more indirect through loss of purchasing power. The former is highly visible and debatable, while the later is quiet and less noxious.
The struggle between elimination of social program through free markets forces inevitably reminds me of the following quote from science fiction movie the Matrix 1999:
The Matrix is a system, Neo. That system is our enemy. But when you're inside, you look around, what do you see? Businessmen, teachers, lawyers, carpenters. The very minds of the people we are trying to save. But until we do, these people are still a part of that system and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it.
Source: news.yahoo.com
Source: imdb.com
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