• plyth@feddit.org
    link
    fedilink
    English
    arrow-up
    6
    ·
    3 days ago

    The movement reflects anger with what protesters say is a dysfunctional ruling elite bent on austerity

    and a debt pile equivalent to 114% of GDP.

    Spending more creates inflation and takes from wages and pensions.

    They have to tax the rich.

    But they also have come to terms that they profited from their neocolonial empire. Africa is throwing out France. Those resources are missing. The level of prosperity has to go down to China or eastern Europe to be sustainable.