Not exact matches
In practice, the IMF simply advances however much a government
needs to bail out its bankers and bondholders, pretending that
more austerity enhances the ability to pay, not worsen it.
Any politician can rattle on about ending
austerity - and by god, politicians of all stripes do these days - but there
needs to be
more.
This is unlikely to make them very receptive to accepting the
need for
more austerity - as the Lib Dems and Conservatives have been forced to - by offering joint spending plans to 2017/18.
Instead of scaring they
need positive persuasion with something that appeals to their strong preferences for
more devolution and against
austerity cuts.
Labour
needs to say much
more confidently than it has done so far that this agony of
austerity imposed by the Tories is not necessary and not inevitable.
Whatever money is
needed for it will be spent,» declared British prime minister David Cameron — Mr.
Austerity himself — when large parts of his country were underwater from historic flooding in February 2014 and the public was enraged that his government was not doing
more to help.7
While some
austerity mongers, like David Cameron in Britain, claim to care about global warming and may believe that the fictional shortage of government money he promotes is a stand - in for the real shortage of atmospheric assets of the earth, the overall effect of
austerity is to, as with neoliberalism
more generally, to undermine the critically important instrument of government at exactly the time when it is
needed most.