In an interview in 1983, Michel Foucault said the French system of “social guarantees,” established in 1946, had now reached its economic limits. He was wrong, as are the governments who are now advocating “austerity” for the increasingly-impoverished citizens while corporate profits reach record highs.
The myth is that there is not enough money to meet everyone’s needs for housing, food and healthcare. The actuality is that money does not exist, except for our collective agreement that it represents ownership of resources. There are enough resources for everyone, but most of the money — and therefore power over the resources — is in the hands of a brutal and parasitic minority.