Category Archives: Austerity

Neoliberal Austerity Doctrine Leads to Deeper Crisis by Atila Kilic

Neoliberal Austerity Doctrine Leads to Deeper Crisis by Atila Kilic, 11/8/2013 http://www.indybay.org/newsitems/2017/05/22/18799637.php A high state share in the economy, developed social states, and readiness to intervene actively and anti-cyclically prevent falling into a depression. In neoclassicism, high public indebtedness was … Continue reading

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Europe turn left!

www.europeturnleft.eu Topics overview Introduction into the thematic areas – Europe swing to the right – fight back! – Fortress Europe – refugees welcome! – Neoliberalism in Europe – stop austerity – New social movements in Europe – organize the change … Continue reading

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Low Taxes is an Act of Desperation by Rudolf Hickel

Low Taxes is an Act of Desperation by Rudolf Hickel, 12/14/2016 http://portland.indymedia.org/en/2016/12/433969.shtml A low business tax can be counterproductive if a deadbeat infrastructure arises through lower state revenues. Ronald Reagan tested this in the US and the result was higher … Continue reading

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Neoliberalism Blames Individuals for Inequality by Patrick Schreiner

Neoliberalism Blames Individuals for Inequality by Patrick Schreiner, March 13, 2014 http://la.indymedia.org/news/2015/09/291564.php In neoliberal theories, social justice is not a meaningful category and social inequality is a necessary result of market processes. Performance justice is a necessary illusion. Responsibility for … Continue reading

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The end of capitalism by Paul Mason

The end of capitalism by Paul Mason, July 16, 2015, The Guardian http://www.theguardian.com/books/2015/jul/17/postcapitalism-end-of-capitalism-begun Without us noticing, we are entering the postcapitalist era. At the heart of further change to come is information technology, new ways of working and the sharing … Continue reading

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Jürgen Habermas’s verdict on the EU/Greece debt deal – full transcript

to read the full transcript published in The Guardian UK, July 16, 2015, click on http://www.theguardian.com/commentisfree/2015/jul/16/jurgen-habermas-eu-greece-debt-deal?CMP=share_btn_fb Guardian: What is your verdict on the deal reached on Monday? Habermas: The Greek debt deal announced on Monday morning is damaging both in … Continue reading

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Austerity Policy as a Momentous Mistake

The IMF’s austerity policy of the last years was misguided. That austerity policy led to intensified growth declines and increasing unemployment and did not reach its goal of permanently calming the financial markets. Public investments could raise economic growth both … Continue reading

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Why Austerity Kills by Joachim Kasten

http://portland.indymedia.org/en/2014/11/428596.shtml Political-economic decisions decide over the life and death of people. These are the misguided decisions of politicians and managers sacrificing people in the US, Russia, Thailand and Greece. The New Deal stands for an effective debt reduction, not only … Continue reading

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Book Review: “Austerity: The History of a Dangerous Idea”

Book review: “Slaves of Defunct Economists: Why politicians pursue austerity policies that never work” by Henry Farrel, Washington Monthly, Mar/Apr 2013 to read the book review of Mark Blyth’s “Austerity: The History of a Dangerous Idea,” Oxford University Press, 304 … Continue reading

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Austerity Policy Leads to Low Economic Growth, 43pp

Savings good and debts bad is a perverse widespread myth based on the state acting as a Swabian housewife. In truth, debts are investments and not only costs. The state unlike the housewife can factor in future costs and benefits … Continue reading

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