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The interview below was carried out by Argentinean newspaper Pagina 12 with Monthly Review editor and Marxist economist John Bellamy Foster. It was posted on http://www.mrzine.monthylreview.org on October 10, from which the version below is abridged. The full version is included as part of a wide-ranging collection of articles and videos on the financial crisis posted at socialist e-journal Links, http://links.org.au.
“This strategy is designed to help pensioners, carers and families, and first home buyers”, declared Australia’s Labor Prime Minister Kevin Rudd in his October 14 address to the nation. Rudd was announcing a $10.4 billion “economic security strategy” in response to the global financial crisis.
Young people today face an uncertain future. Watching the news on any channel at night is proof enough of this. The current crisis taking precedence on news broadcasts around the globe is of course the financial crisis.