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Is Austerity a Political Weapon in the Name of "Economics"? an "Anti-Democratic" Theory to Defend Capitalism: a Clever Mechanism to Tame Class Conflict

Summary by toyokeizai.net
Austerity has become so ingrained in the world over the last century that it is almost undetectable. It is practically synonymous with what we call economics today, insofar as it involves budget cuts and public submission. This is especially true for…
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toyokeizai.nettoyokeizai.net

Is Austerity a Political Weapon in the Name of "Economics"? an "Anti-Democratic" Theory to Defend Capitalism: a Clever Mechanism to Tame Class Conflict

Austerity has become so ingrained in the world over the last century that it is almost undetectable. It is practically synonymous with what we call economics today, insofar as it involves budget cuts and public submission. This is especially true for…

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toyokeizai.net broke the news in on Thursday, August 14, 2025.
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