Greece passed its austerity bill in parliament amidst large-scale rioting in Athens. Unfortunately, this will change nothing for the Greeks who will have to endure the consequences of misguided policies for decades to come. Why the U.S. economy is a counterfeit economy. It is essential to understand the difference between “productive value” and “surplus value”. Steps leading to the implosion of the system. Arguments used to support the “optimistic” version of the future. Austerity is alive and well in the U.S. Is the only solution to the social security and Medicare problem mass annihilation of the populace? Joblessness among 18-24-year-olds: 46%.