By now, it’s been thoroughly proven by events that austerity policies backfire. Cut public spending in a deep downturn, and you only worsen the slump. Europe is the more extreme version of the proof, but even the United States, which is technically out of recession, faces a needlessly slow recovery. We’ve reduced deficits by slashing spending, raising taxes, and making sequester deals, but the supposed reward in the form of restored business confidence never arrives. Austerity, as Mark Blyth writes, neither restores growth not reduces the debt ratio, because slow growth (and in some cases negative growth) makes the debt loom that much larger.
|By: Robert Kuttner Sunday August 18, 2013 1:59 pm|
|By: danps Sunday May 12, 2013 6:08 pm|
It can be difficult to write about activism in an open-ended effort like the one against fracking. It isn’t like a campaign where all the activity is geared toward election day, at which point everyone will know who won and who lost. It’s different even from an issue like the Keystone XL pipeline, which is a single (continent-spanning) contiguous piece of infrastructure, and which will ultimately get a definitive yes or no.
|By: Wade Rathke Saturday September 15, 2012 1:59 pm|
Let’s just be very clear right up front, Chris Hedges and Joe Sacco may have both collected their share of mainstream awards, like Pulitzers, American Book Awards, and the like, but with this book, Days of Destruction, Days of Revolt, they remove any doubt about whether they are “celebrity couriers,” as they derisively term a lot of what is left of the mainstream, main street journalists out there today slapping whitewash on poverty and helping spin the machinery that manufactures rose-colored glasses. They have traveled through some of the hellholes on the dark side of the American economic reality and they are angry about the whole damn thing, fired up, fed up, and desperately looking hard for a fight. This book needs to be read, and it needs to sell very well because these guys are pretty much unemployable now. Trust me, I know this!
|By: WeatherDem Sunday September 9, 2012 4:00 pm|
Nature Climate Change‘s most recent issue included a paper by Kevin Anderson and Alice Bows entitled, “A new paradigm for climate change” [subs. req'd]. Kevin works at the Tyndall Centre for Climate Change Research, School of Mechanical Civil and Aerospace Engineering and Alice works at the Sustainable Consumption Institute, School of Mechanical Civil and Aerospace Engineering, University of Manchester. The discussion and arguments in the paper aren’t exactly novel if you’ve paid attention to the policy side of the climate change topic but bears examination as much as other works on the climate-policy interface, in which I am very interested.