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Articles on Austerity

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War, Ford, fascism, Reaganomics, the pink tide, the EU, debt crises, rights-based activism, a fierce backlash… none of this is new. Wikimedia

The road to the great regression

We may think of current reactionary politics as radical and new, but unchecked mercantilism has always elicited a fierce backlash from both left and right. Here’s what history tells us about today.
Workers at Medupi coal-fired power station during its construction, one of South Africa’s most costly and environmentally unfriendly projects. Reuters/Siphiwe Sibeko

Steering South Africa’s budget between excess patronage and prudence

In preparing the 2017 national budget South Africa needs to take heed of warnings that its historical austerity measures are hurting the poor and even costing lives.
Andrew Matthews / PA Wire

How austerity took Britain to Brexit

The UK’s withdrawal from the European Union is a product, ironically, of the political elite’s longstanding aversion to democratic self-rule.

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