Fail.

Editor,

"[M]aking the structural changes that economists say Italy needs to quicken growth and stay competitive, including making its labor market more flexible, creating a more efficient tax code and tax collection system, and cutting red tape."

You can dress up neoliberalism any way you like, but neoliberalism it remains: a transnational capitalists' scam to shovel the wealth of nations into a few rapacious billionaires' hands.

"Structural adjustments," "austerity," privatization, "reduced red tape" (meaning deregulated transnational capital flight), "flexible labor" (meaning no unions), and the entire ugly plundering program were long again kicked out of Latin America along with the IMF when it was demonstrated unequivocally that neoliberalism amounts to misery for millions and opulence for a few.

The solutions being crammed down the public's throat in Europe are good for banks that by all rights should fail. Peddling debt whose only purpose is to make bankers rich has made its flash in the pan. It is not a sound foundation upon which to build an economy, and the banks that engaged in it should fail.

Re: "Greece and Italy Seek a Solution From Technocrats" (11/11/2011)