Austerity: Guardian of Capitalism
Capitalism by its nature produces crises and, for the last century, states have responded by imposing austerity measures on the public.
Governments claim it’s a bitter but necessary medicine to set economies back on track.
Austerity is actually a bludgeon to entrench elite power and repress workers’ aspirations for a more egalitarian society.
Economist Clara Mattei argues this point, looking at its origins — and that of modern economics — during the greatest existential threat to the Western capitalist order.
Author summary: Austerity entrenches elite power.
More News
- Jermy on ‘failing’ schools, confidence in Labour, and ‘special attention’ needed at QEH
- Ogden’s homeless plan: Less affordable housing, more rent-a-cops - The Utah Investigative Journalism Project
- Türkiye at 102: Century of resilience, renewal, and emerging power
- From Reimagining Capitalism to Reweaving Ourselves: Leadership for a Sustainable and Caring Future in a World on Fire — Harvard ALI Social Impact Review
- Editorial: We must stand in solidarity with the Indiana Daily Student, journalism everywhere - Daily Bruin
- The real energy vampires are hiding in plain sight | PODIUM