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Austerity isn’t just cuts – it’s selling everything we own

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And when I say everything, I mean everything.

Welcome to end stage capitalism, where even if it it’s nailed down, someone takes title to it.

The excerpt below is from the UK, but the same thing is happening everywhere – the keys to the whole world are being given to those who have the most money.

Privatisation is the multibillion-pound centrepiece of Osborne’s austerity – yet it rarely gets a mention from either politicians or press. The Queen mentioned it in her speech last week, but the headline writers ignored it. And if you don’t know that this Thursday is the closing date for consultation on the sale of the Land Registry, our public record of who owns what property, that’s hardly your fault – I haven’t spotted it in the papers, either.

But without getting rid of prize assets, Osborne’s austerity programme falls apart. At a time when tax revenues are more weak stream than healthy flood, those sales bring much-needed cash into the Treasury and make his sums add up. The independent Office for Budget Responsibility has ruled that the only reason the chancellor met his debts target last year was because he flogged off our public assets. And what a fire sale that was, with everything from our last remaining stake in the Royal Mail to shares in Eurostar shoved out the door in the biggest wave of privatisations of any year in British history.

The last official act of any corrupt government is to loot the nation.

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