Austerity, slashing public spending, gutting welfare, deregulating markets—is not an economic necessity but a political weapon. It deepens inequality, destabilises societies, and cements elite power. Noam Chomsky, Mark Blyth, Thomas Piketty, and Joseph Stiglitz argue that austerity is a choice designed to serve the wealthiest. The absence of a global tax system—one that curbs offshore evasion and ensures the rich pay their fair share, reveals the priorities of neoliberal governance: capital over democracy, privilege over justice. Austerity is a myth sold as fiscal responsibility. Mark Blyth’s Austerity: The History of a Dangerous Idea dismantles this fiction, proving that it shrinks economies, fuels unemployment, and worsens debt, all while funnelling wealth upwards. Joseph Stiglitz calls post-2008 austerity a self-inflicted wound, arguing that cutting spending in a recession only deepens the crisis. The only beneficiaries are those seeking to dismantle the state. Dav...
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