Today, the European financial-cum-debt crisis rolls on from summit meeting to summit meeting, where German ideals of fiscal prudence clash with Spanish unemployment at 25 percent and a Greek state is slashing itself to insolvency and mass poverty while being given ever-more loans to do so. In the US, those problems take the form of sclerotic private sector growth, persistent unemployment, a hollowing out of middle-class opportunities, and a gridlocked state. What they have in common is their supposed cure: austerity.