Why Austerity Kills: From Greece to U.S., Crippling Economic Policies Causing Global Health Crisis
"Had austerity been organized like a clinical trial, it would’ve been discontinued given evidence of its deadly side effects," Stuckler says.
austerity
Capitalism in Crisis: Richard Wolff Urges End to Austerity, New Jobs Program, Democratizing Work
As Washington lawmakers pushes new austerity measures, economist Richard Wolff calls for a radical restructuring of the U.S. economic and financial systems. We talk about the $85 billion budget cuts as part of the sequester, banks too big to fail, Congress’ failure to learn the lessons of the 2008 economic collapse, and his new book, "Democracy at Work: A Cure for Capitalism." Wolff also gives Fox News host Bill O’Reilly a lesson in economics 101.
Public health, thermodynamics and the cat food commission
A previous article discusses the future of health systems operating under neoliberal ideology as it comes a cropper in a world undergoing degrowth. Here I consider how this thrusts public health into in a “Which side are you on?” dilemma likely to separate its institutional administration from its frontline professionals –and the public it is meant serve- as part of the larger process of political/economic conflict, cultural and environmental decline, chaos and (possibly) cultural renewal.
How Congress could fix its budget woes, permanently
As Congress struggles through one budget crisis after another, it is becoming increasingly evident that austerity doesn’t work. We cannot possibly pay off a $16 trillion debt by tightening our belts, slashing public services, and raising taxes. Historically, when the deficit has been reduced, the money supply has been reduced along with it, throwing the economy into recession. After a thorough analysis of statistics from dozens of countries forced to apply austerity plans by the World Bank and IMF, former World Bank chief economist Joseph Stiglitz called austerity plans a “suicide pact.”
Love food
Austerity? I want to eat well, with a clean conscience, on a low budget. But is that possible? Surely a cheap ethical diet condemns me to a grim regime of porridge and cabbage soup? Where will I source that essential nutrient pleasure?
Economics – Oct 26
-Narcissism, Consumerism and the End of Growth
-Spain’s next threat: Losing 20% of its economy
-How Transition is starting to rebuild Ontario
-Amid the Echoes of an Economic Crash, the Sounds of Greek Society Being Torn
Economic Crisis Shakes Old Paradigms
The world will soon enter the sixth year of the Great Recession, and there is no end in sight. In the United States, where stagnation continues to reign, some 23 million Americans remain out of work, are underemployed, or have simply dropped out of the labor force owing to frustration–a condition that now threatens to precipitate Barack Obama’s replacement by a Republican candidate whose program would only worsen the crisis.