Changing Politics and Policy of Austerity

The book explores the expressions of austerity since the 2008 financial crisis, with case studies from Canada, Australia, and the European Union. It examines themes such as privatization, class mobilization, resistance, the crisis of liberal democracy, and the rise of the far right. The COVID-19 pandemic is expected to have a significant impact on future austerity and alternatives.

\n Format: Hardback
\n Length: 326 pages
\n Publication date: 30 September 2021
\n Publisher: Bristol University Press
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Since the 2008 financial crisis, a wide range of austerity measures have been implemented across the globe. This collection of original essays delves into the diverse manifestations of austerity, offering a comprehensive comparative analysis of fiscal consolidation and the diverse political responses to these policies. Through case studies drawn from Canada, Australia, and the European Union, the contributors explore a range of themes, including privatization, class mobilization, resistance, the crisis of liberal democracy, and the rise of the far right.

The potential impact of the COVID-19 pandemic on future austerity and alternative policies is also examined, highlighting the urgent need for insights into this complex and rapidly evolving period of politics and policy. As the landscape continues to shift, this comprehensive handbook provides valuable insights into the challenges and opportunities facing societies in the years to come.

Privatization:

Austerity measures have often involved the privatization of public services and assets, with the argument being that private companies can operate more efficiently and effectively than government agencies. However, this approach has been met with criticism, as it can lead to reduced public control over essential services and increased inequality.

Class Mobilization:

Austerity policies have often targeted vulnerable groups, such as workers, the poor, and marginalized communities, leading to increased social unrest and resistance. Class mobilization has been a key factor in shaping these political responses, with workers organizing strikes, protests, and social movements to demand better conditions and social protection.

Resistance:

Resistance to austerity has taken many forms, including political opposition, grassroots movements, and legal challenges. Some governments have responded to these challenges by adopting more progressive policies, while others have resorted to repression and violence to suppress dissent.

Crisis of Liberal Democracy:

Austerity has been linked to the crisis of liberal democracy, as it has undermined the democratic legitimacy of governments and weakened the social contract between citizens and their governments. This crisis has been particularly evident in countries where democratic institutions are weak or under threat.

Rise of the Far Right:

Austerity has also been associated with the rise of the far right, as it has fueled economic insecurity and social resentment. Far-right political parties have capitalized on these feelings by promising to protect jobs, protect national identity, and restore traditional values.

Potential Impact of the COVID-19 Pandemic:

The COVID-19 pandemic has further exacerbated the effects of austerity, as it has led to significant economic downturns and increased government debt. The pandemic has also highlighted the vulnerability of certain groups, such as healthcare workers and the poor, who have been disproportionately affected by the crisis.

In conclusion, this collection of essays provides a comprehensive exploration of the diverse expressions of austerity since the 2008 financial crisis. Through comparative analysis and case studies, the contributors offer valuable insights into the political, social, and economic consequences of austerity policies. As the world continues to grapple with the ongoing impacts of the COVID-19 pandemic, this handbook serves as a timely and important resource for policymakers, scholars, and activists seeking to understand and address the challenges of austerity in the 21st century.

\n Weight: 638g\n
Dimension: 253 x 242 x 24 (mm)\n
ISBN-13: 9781447359517\n \n