Author: Mark Blyth
Publisher: Oxford University Press
ISBN: 0199389446
Size: 47.20 MB
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Austerity from the Author: Mark Blyth. Selected as a Financial Times Best Book of 2013 Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing the blame on the state, and the burden on the taxpayer. That burden now takes the form of a global turn to austerity, the policy of reducing domestic wages and prices to restore competitiveness and balance the budget. The problem, according to political economist Mark Blyth, is that austerity is a very dangerous idea. First of all, it doesn't work. As the past four years and countless historical examples from the last 100 years show, while it makes sense for any one state to try and cut its way to growth, it simply cannot work when all states try it simultaneously: all we do is shrink the economy. In the worst case, austerity policies worsened the Great Depression and created the conditions for seizures of power by the forces responsible for the Second World War: the Nazis and the Japanese military establishment. As Blyth amply demonstrates, the arguments for austerity are tenuous and the evidence thin. Rather than expanding growth and opportunity, the repeated revival of this dead economic idea has almost always led to low growth along with increases in wealth and income inequality. Austerity demolishes the conventional wisdom, marshaling an army of facts to demand that we austerity for what it is, and what it costs us.

Austerity Measures

Author: Karen Van Dyck
Publisher: Penguin UK
ISBN: 0241250633
Size: 40.15 MB
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Austerity Measures from the Author: Karen Van Dyck. 'I remember caresses, kisses, touching each other's hair. We had no sense that anything else existed' - Elena Penga, 'Heads' 'Nothing, not even the drowning of a child Stops the perpetual motion of the world' - Stamatis Polenakis, 'Elegy' Since the crisis hit in 2008, Greece has played host to a cultural renaissance unlike anything seen in the country for over thirty years. Poems of startling depth and originality are being written by native Greeks, émigrés and migrants alike. They grapple with the personal and the political; with the small revelations of gardening and the viciousness of streetfights; with bodies, love, myth, migration and economic crisis. In Austerity Measures, the very best of the writing to emerge from that creative ferment - much of it never before translated into English - is gathered for the first time. The result is a map to the complex territory of a still-evolving scene - and a unique window onto the lived experience of Greek society now.

Austerity In Britain

Author: Ina Zweiniger-Bargielowska
Publisher: OUP Oxford
ISBN: 0191542245
Size: 48.83 MB
Format: PDF
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Austerity In Britain from the Author: Ina Zweiniger-Bargielowska. Austerity in Britain is the first book to explore the entire episode of rationing, austerity, and fair shares from 1939 until 1955. These policies were central to the British war effort and to post-war reconstruction. The book analyses the connections between government policy, consumption, gender, and party politics during and after the Second World War. The economic background to austerity, the policy's administration, and changes in consumption standards are examined. Rationing resulted in at times extensive black markets and popular attitudes to the policy ranged from wartime acquiescence to post-war discontent. Austerity in Britain qualifies the myth of common sacrifice on the home front and highlights the limitations of the fair-shares policy which failed to achieve genuine equality between classes or between men and women. The continuation of rationing and austerity policies after 1945 was central to party politics. Disaffection, particularly among women, undermined Labour's popularity while the Conservatives' critique of austerity was instrumental to the party's victories at the general elections of 1951 and 1955.


Author: Kerry-anne Mendoza
Publisher: New Internationalist
ISBN: 1780262477
Size: 16.93 MB
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Austerity from the Author: Kerry-anne Mendoza. For the last five years, Britain has been under the hammer of ‘Austerity’. In its name, wages have been frozen, benefits have been slashed and public spending squeezed. The pain of a financial crisis caused by bankers and speculators has been borne by ordinary people all over the country – and by the poor and disabled most of all.


Author: Bryan Evans
ISBN: 9781487502577
Size: 77.46 MB
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Austerity from the Author: Bryan Evans. Bryan M. Evans, Stephen McBride, and their contributors delve further into the more practical, ground-level side of the austerity equation in Austerity: The Lived Experience. Economically, austerity policies cannot be seen to work in the way elite interests claim that they do. Rather than soften the blow of the economic and financial crisis of 2008 for ordinary citizens, policies of austerity slow growth and lead to increased inequality. While political consent for such policies may have been achieved, it was reached amidst significant levels of disaffection and strong opposition to the extremes of austerity. The authors build their analysis in three sections, looking alternatively at theoretical and ideological dimensions of the lived experience of austerity; how austerity plays out in various public sector occupations and policy domains; and the class dimensions of austerity. The result is a ground-breaking contribution to the study of austerity politics and policies.

Politics In The Age Of Austerity

Author: Wolfgang Streeck
Publisher: John Wiley & Sons
ISBN: 0745670083
Size: 77.20 MB
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Politics In The Age Of Austerity from the Author: Wolfgang Streeck. In a world of increasing austerity measures, democratic politics comes under pressure. With the need to consolidate budgets and to accommodate financial markets, the responsiveness of governments to voters declines. However, democracy depends on choice. Citizens must be able to influence the course of government through elections and if a change in government cannot translate into different policies, democracy is incapacitated. Many mature democracies are approaching this situation as they confront fiscal crisis. For almost three decades, OECD countries have - in fits and starts - run deficits and accumulated debt. As a result, an ever smaller part of government revenue is available today for discretionary spending and social investment and whichever party comes into office will find its hands tied by past decisions. The current financial and fiscal crisis has exacerbated the long-term shrinking government discretion; projects for political change have lost credibility. Many citizens are aware of this situation: they turn away from party politics and stay at home on Election Day. With contributions from leading scholars in the forefront of sociology, politics and economics, this timely book will be of great interest to students and scholars throughout the social sciences as well as general readers.

The Contradictions Of Austerity

Author: Jeffrey Sommers
Publisher: Routledge
ISBN: 131780015X
Size: 30.19 MB
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The Contradictions Of Austerity from the Author: Jeffrey Sommers. The great financial crisis of 2008 and the ensuing global economic and financial turmoil have launched a search for "models" for recovery. The advocates of austerity present the Baltic States as countries that through discipline and sacrifice showed the way out of crisis. They have proposed the "Baltic model" of radical public sector cuts, wage reductions, labor market reforms and reductions in living standards for other troubled Eurozone countries to emulate. Yet, the reality of the Baltic "austerity fix" has been neither fully accepted by its peoples, nor is it fully a success. This book explains why and what are the real social and economic costs of the Baltic austerity model. We examine each of the Baltic States by connecting national level studies within a European and global political economy, thereby delivering comparative breadth that supersedes localized understandings of the crisis. Thus for each of the three Baltic states, individual chapters explore the different economic and social dimensions of neo-liberal post-communism and the subsequent wider global economic and financial crisis in which these newly financialized economies have found themselves especially vulnerable. The "austerity model" adopted by Baltic national governments in response to the crisis reveals the profound vulnerabilities created by their unwavering commitment to liberalized economies, not least in terms of the significant "exit" of their labor forces and consequent population loss. This book looks beyond basic financial metrics claiming a success story for the Baltic austerity model to reveal the damaging economic and social consequences, first of neo-liberal policies adopted during transition, and latterly of austerity measures based on "internal devaluation." Combined these policies undermine the possibility of longer-term recovery and even social and economic sustainability, not to mention prospects for successful integration in the now-faltering European project that has departed from its "Social Model" roots.

Social Policy In Times Of Austerity

Author: Kevin Farnsworth
Publisher: Policy Press
ISBN: 1447319125
Size: 50.63 MB
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Social Policy In Times Of Austerity from the Author: Kevin Farnsworth. The 2008 global economic crisis was unprecedented in living memory and its impact on economic and social life immense. Large-scale social policy interventions played a crucial role in helping to mediate the crisis, and yet the welfare state continues to come under attack. A new age of austerity, based more on politics than economics, is threatening to undermine the very foundations of the welfare state. However, as this important book illustrates, there is still room for optimism - resistance to the logic of austerity exists within organisations and governments, and among peoples, demonstrating how essential social policies remain to human progress. The second of a three-book series covering the post-2008 global economic crisis and the period of austerity, this volume draws together edited chapters from leading scholars engaged in the debate and will be equally suitable for academics and other researchers studying international and comparative social policy, as well as upper level undergraduate and postgraduate students.

Crisis Austerity And Transformation

Author: Isabel David
Publisher: Lexington Books
ISBN: 149854388X
Size: 74.92 MB
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Crisis Austerity And Transformation from the Author: Isabel David. Discussions of the recent austerity measures in Southern Europe as a response to the sovereign debt crisis have been usually framed in terms of their economic impact. However, the general impoverishment of these countries has induced other massive social and political changes, a fact which is ignored in the literature. This volume seeks to fill this gap and break ground by analyzing these trends in the Portuguese context. Portugal has been portrayed as the Troika’s good pupil by obediently adopting all prescribed austerity measures. In the process, the nation’s fragile social fabric has been destroyed. Massive emigration, particularly by young people, massive increases in poverty and a foundering economy have triggered a collective framing of the crisis and austerity as unjust and punitive of a collectivity that, at the beginning, naively believed in the neoliberal narrative of the benign effects of the cuts. This reframing unleashed an unprecedented wave of social and political mobilization in an otherwise traditionally apathetic society. This resistance needs to be addressed as a direct effect of austerity policies and properly analyzed for what it really represents: a process of repoliticization and re-democratization sweeping Europe. These mobilizations include direct democracy experiments, the growing influence of social movements (the massive March 2011 demonstrations were a direct inspiration for the creation of the Indignado movement in Spain, attesting the contagion effect), solidarity economy and the major political change in the country’s 42 years of democratic rule: an alliance of the left parties, unthinkable before the crisis, and which is reframing relations with the European Union. This volume offers a first approach to the massive political, social and cultural transformations taking place in the country that make Portugal, in certain aspects, a lab for innovative practices (e.g. participatory budgets and the alliance of the left parties) that may be used elsewhere as alternatives to current understandings of economic and political orthodoxy

Cultural Politics In The Age Of Austerity

Author: David Berry
Publisher: Routledge
ISBN: 1317156277
Size: 72.56 MB
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Cultural Politics In The Age Of Austerity from the Author: David Berry. In 2008 another economic crisis emerged in the long history of capitalism which created a period of ‘austerity economics’ across many nations. Cultural Politics in the Age of Austerity examines how austerity has impacted upon cultural politics in relation to understanding how established power is both maintained and challenged. The book begins by detailing the meaning of cultural politics before exploring themes such as media discourse, austerity narratives, class, cultural hegemony/government policymaking, social movements and the European Union, and left responses to austerity. It also includes chapters tracing cultural politics in Spain, with a focus on anti-austerity movements and the relationship between austerity and Spanish football. Cultural Politics in the Age of Austerity assesses the impact of a range of cultural/political forms concerning the dynamics of society and relations of power during times of crisis. As such, it will appeal to scholars of culture, media, politics, philosophy, sociology and social psychology.