Tag Archives: Austerity

Why Austerity Is Generating Another Slowdown

Why Austerity Is Generating Another Slowdown
Austerity is undermining the world economy. The broader reasons for the commodity slowdown and deflation concerns involve a generally sick economy around the world. China has a growing debt bubble to manage. Japan’s experiment with economic revival has run aground amid a large increase in the ... Read more

Europe’s Austerity Zombies

Europe’s Austerity Zombies
Austerity has failed in Europe. But its defenders are willing to claim victory on the basis of the weakest possible evidence: the economy is no longer collapsing, so austerity must be working! But if that is the benchmark, we could say that jumping off a cliff is the best way to get down from a mountain; after all, ... Read more

Mobilizing for the common: some lessons from Italy

Mobilizing for the common: some lessons from Italy
Tens of thousands of protesters marched on Rome this Saturday to denounce the austerity measures and economic reforms of Matteo Renzi’s new government and to restate their call for income, housing and dignity for all. Dozens were injured as clashes broke out towards the end of the march and ... Read more

Where is the protest? A reply to Graeber and Lapavitsas

Where is the protest? A reply to Graeber and Lapavitsas
Last week, two commentaries appeared in The Guardian — one by David Graeber and the other by Costas Lapavitsas and Alex Politaki — basically asking the same question: given that we’re under such relentless assault by the rich and powerful, why are people not rioting in the streets? What ... Read more

Obama’s First State of the Union a Source of Regret

Obama’s First State of the Union a Source of Regret
On Jan. 27, 2010, Obama appeared before Congress for his first State of the Union and declared that the time for moderate austerity had arrived. It would prove to be a seminal moment for his presidency -- setting the stage for years of debate over the deficit and debt reduction -- and it would ... Read more