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Austerity: Guardian of Capitalism
Manage episode 516779504 series 2457681
Capitalism by its nature produces crises and, for the last century, states have responded by imposing austerity measures on the public. Governments claim it’s a bitter but necessary medicine to set economies back on track. But economist Clara Mattei argues that austerity is actually a bludgeon to entrench elite power and repress workers’ aspirations for a more egalitarian society. She looks at its origins — and that of modern economics — during the greatest existential threat to the Western capitalist order.
Clara E. Mattei, The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism University of Chicago Press, 2022
Forum for Real Economic Emancipation
Photo credit of Athens protest: Kotsolis
The post Austerity: Guardian of Capitalism appeared first on KPFA.
70 episodes
Manage episode 516779504 series 2457681
Capitalism by its nature produces crises and, for the last century, states have responded by imposing austerity measures on the public. Governments claim it’s a bitter but necessary medicine to set economies back on track. But economist Clara Mattei argues that austerity is actually a bludgeon to entrench elite power and repress workers’ aspirations for a more egalitarian society. She looks at its origins — and that of modern economics — during the greatest existential threat to the Western capitalist order.
Clara E. Mattei, The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism University of Chicago Press, 2022
Forum for Real Economic Emancipation
Photo credit of Athens protest: Kotsolis
The post Austerity: Guardian of Capitalism appeared first on KPFA.
70 episodes
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