"White-collar criminologist and former senior financial regulator William Black addresses the grassroots reaction to austerity measures in Europe — from the "Indignados" movement in Spain to the anti-bailout elections in France and Greece — as well as in the United States, where the Occupy movement is re-emerging as the presidential campaign gets into full gear. "Finance is supposed to simply be a middleman to help the real economy," Black says. "It in fact now completely dominates and is a parasite on the real economy. German austerity has pushed the entire eurozone into recession and the periphery into Great Depression-level unemployment. And the same arguments are being made in the United States and are used as a pretext to try to destroy Social Security, Medicare and Medicaid. It is economically illiterate, but politically attractive."....."