The scope and depth of the crisis

These charts taken from Calculated Risk depict very dramatically the human devastation that this economic crisis is unleashing.  Make no mistake: This is a crisis of the capitalist social order.  Yet, to date, the capitalists in the United States and Europe have managed to re-frame it as a crisis of the public sector — a deficit or debt crisis.  Behold the hypnotic powers of the system’s ideology that it boomerangs the anxiety and anger of large segments of the working people against the working people themselves, stirring up xenophobia and anti-communism in the ranks, dividing them to crush them.

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