This is why many people all over are pissed off--- they've been forced into the Precariat by Globalization (at least, the CRONY Capitalists' view of that), Financialization, and the Plutocracy. Now, almost 5 years after this talk (which is condensed at the link), things are much worse. We all need to stop drinking the Edward Bernays style Propaganda Kool Aid coming from the Politicians, Plutocrats and Oligarchs.
Not only my opinion. Be Well
p.s. This brief, condensed talk really does explain a lot...& not just in the case of Europe.