Against Austerity: How We Can Fix the Crisis They Made - download pdf or read online

By Richard Seymour

ISBN-10: 0745333281

ISBN-13: 9780745333281

ISBN-10: 074533329X

ISBN-13: 9780745333298

Against Austerity is a blistering, obtainable and invigorating polemic opposed to the present political consensus. Deploying his well known energy of razor-sharp polemic Richard Seymour charts the function of austerity in appreciably lowering dwelling criteria, fracturing proven political buildings, and growing simmering social alienation and explosions of discontent.

But opposed to Austerity is going extra – creating a daring theoretical intervention at the query of demanding austerity and growing radical choices. starting with an research of present type formation and dominant ideology, Seymour concerns a choice to palms, mapping a brand new technique to unite the left.

Along the best way, he tackles the vexed query of attaining social swap, specifically problems with reform and social revolution. In an age characterized by way of the paucity and inadequacy of mainstream research, opposed to Austerity issues a manner ahead to restore the left and create a brand new spirit of collective resistance.

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Additional info for Against Austerity: How We Can Fix the Crisis They Made

Sample text

The cultural salience of the male-breadwinner industrial workforce declined. Increasingly, classes were stratified by income, property, security and status, so that new social images of class could take root. These changes did not all simply result from neoliberal practices; rather, neoliberal politics took hold of existing tendencies and organised them. And the results have had profound consequences for how austerity is deployed, and resisted, today. Aside from Thatcherite attempts to kill the notion of class, there are the more diffuse and routine representations of class within popular media and culture.

We have been living through the consequences of a civilisational shift in global capitalism, a transformation that reaches into the foundations of the entire edifice. Some of the elements of this shift pre-date the dominance of neoliberalism, but neoliberalism gave a political name to the various projects that organised and gave shape to this new model capitalism. One effect of the success of neoliberalism has been a long-term decline in the political and institutional participation of working class people.

With lower growth, the state will take in less revenues with which to pay its debts. Any deficit will be increased, bond holders will become less confident of the state’s ability to pay its debts and will thus drive up the cost of government borrowing, and the government will be forced into a new round of cuts merely to keep up its repayments. This sort of vicious cycle has already blighted Eurozone economies such as Greece and Ireland. 3 A 2011 IMF working paper points out that much of the empirical support for the claim that austerity is expansionary is based on studies which are biased by the inclusion of effects which don’t arise from the cuts themselves but from external factors.

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Against Austerity: How We Can Fix the Crisis They Made by Richard Seymour

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