Chomsky

It is a worldwide crisis and it is very serious. It is suddenly striking that the ways that Western countries are approaching the crisis is exactly the opposite as the model that they enforce on the Third World when there is a crisis.

So when Indonesia has a crisis, Argentina and everyone else, they are supposed to raise interest rates very high and privatize the economy, and cut down on public spending, measures like that. In the West, it is the exact opposite: lower interest rates to zero, move towards nationalization if necessary, pour money into the economy, have huge debts.

That is exactly the opposite of how the Third World is supposed to pay off its debts, and that this seems to pass without comment is remarkable. These measures for the West are ones that might get the economy moving again, while it has been a disaster for others.