Wednesday, July 4, 2012
Austerity and Collapse: A Snapshot of Portugal
I recommend that you read Luis de Sousa's post "A Postcard from Portugal" on the effects of austerity measures on the economy and society in Portugal. De Sousa snapshot reveals the multiple effects of economic austerity and collapse: a shocking 20% increase in the mortality rate, rising unemployment and poverty, the shrinkage of outlying towns as people move toward the cities, and the tension of impending political upheaval. Luis de Sousa is also an expert on Peak Oil and links that crisis with the ongoing political and economic crisis in Europe.