Steve Randy Waldman
@interfluidity.com
Text: More broadly, it is frankly maddening that it took a military crisis to get Germany (and others) to shake off austerity brain. An entire generation of Europeans saw their career prospects diminished or ruined entirely; Greece and Spain endured a catastrophe on par with the Great Depression. But it should be emphasized that austerity also left Europe militarily weak. Without the austerity poison, its infrastructure would be in better shape, its economy would be maybe 20 percent larger, and it would be able to afford rearmament much more easily.