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Thread: The Three Tribes of Austerity

  1. #1

    Default The Three Tribes of Austerity

    The Three Tribes of Austerity by Yanis Varoufakis - Project Syndicate
    August 30, 2018

    “Austerity’s pervasiveness thus reflects an overarching dynamic that, under the guise of free-market capitalism, is creating a cartel-based, hierarchical, financialized global economic system. It prevails in the West because three powerful political tribes champion it. Enemies of big government (who see austerity as a golden opportunity to shrink it) coalesce with European social democrats (dreaming of more options for when they win government) and tax-cutting Republicans (determined to dismantle America’s New Deal once and for all).

    The result is not only unnecessary hardship for vast segments of humanity. It also heralds a global doom loop of deepening inequality and chronic instability.

    https://www.project-syndicate.org/co...ufakis-2018-08
    Last edited by KC; 03-12-2018 at 09:37 PM.

  2. #2
    C2E SME
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    Instead of starting a new thread every time, could you just have your own thread where you post a link, a short quote, and absolutely no individual comments or thoughts like some sort of RSS feed?

  3. #3

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    Quote Originally Posted by Marcel Petrin View Post
    Instead of starting a new thread every time, could you just have your own thread where you post a link, a short quote, and absolutely no individual comments or thoughts like some sort of RSS feed?
    A “KC - misc” thread!

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