People are increasingly frustrated that decisions taken further and further away from them mean their living standards are slashed through enforced austerity or their taxes are used to bail out governments on the other side of the continent.
When people are running up more and more debt for housing, they call that "real wealth." It exposes what's wrong in the mainstream economics and why most of the economics that justifies austerity programs and economic shrinkage is in the textbooks is not scientific. Junk economics denies the role of debt and denies the fact that the economic system we have now is dysfunctional.
This is taking place inside Europe. This is taking place inside a once great nation. The nation that invented democracy. We are on the edge of total social breakdown. And frankly, as far as the euro is concerned and the austerity measures are concerned, the medicine is killing the patient.
And what if we’d been utterly open? Made jokes about the first wife? What if we’d been that kind of family? Well, I would have been different, surely. But not because I knew the secret. For it wasn’t the secret—the secret that wasn’t a secret anyway—that led to the austerity in our lives. It was the austerity that led to the secret. And what I had been marked by, probably most of all, was the austerity. It had made secrets in my life too. Or silences, anyway, that became secrets. That became lies.
The debt austerity would not be problems if we had technological progress. If you doubled the debt in the U.S., and the size of the economy doubled because of technological progress and growth, the two would roughly cancel out and it would all be a totally manageable situation.
I could not possibly improve on the sentiment, but I don't think it ought to depend on the current austerities. Isn't Christmas a moral and aesthetic nightmare whether or not the days are prosperous?
Let our lives be firmly rooted in Truth. Abstain from lies. In this dark age of materialism, adherence to truth is the greatest austerity. We might have to tell lies now and then to protect somebody or to sustain dharma, but we must be careful not to speak lies for our own selfish purposes.