#austerity — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #austerity, aggregated by home.social.
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The economic policy mix typical of Western countries in the last 30 years has been this: tax cuts for the rich plus austerity, slashing social services for the rest of us.
Like me, you might wonder how this came about. In a recent conversation, Vanessa Williamson told Paul Krugman the origin story of this mess, why this dynamic is self-reinforcing, and how it ends up eroding democracy itself.
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"Growth in the UK relative to comparable countries was strong in the three decades before 2010, but then the UK entered a period of relative decline, exacerbated by #Brexit. In addition the UK had a terrible pandemic, not just in terms of government policy and therefore deaths but also in terms of lost #GDP. The #economy bounced back as others did around the world, but the ground we lost in the pandemic relative to other G7 countries was never made up"
https://mainlymacro.blogspot.com/2026/08/signs-of-recovery-in-comparative-uk.html
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#Money, the interesting thing about it is if you #exist in #poverty, you desperately need it for your day to day survival, then if your on the opposite end as in being a multi million or billionaire in reality money means nothing, because everything you own and do is leveraged off of debt that you one don't actually own and second can never actually satisfy, and the rules of the game are very different for those in poverty, and the rules are slightly different if your in the middle, but if your on top, the rules don't apply to you unless somehow your generation and hoarding of wealth imposes upon another top income holder, basically if your in poverty all the way to the bottom end of double digit millions, your beholden to the entire state if it where, and beyond that the entire state apparently is beholden to you and your ability to leverage debt, it is a rigged system of epic inequality and strongly embraces prejudice against the rest of us whom simply would appreciate the basics in life to be readily available without so much turmoil, and stress to our mental and physical wellbeing, money is an illusion of power and has left far to many of us going hungry, literally;
You can encourage my continued useless #poetry, creativity and expression of self, #commentary, random thoughts, #philosophy and ideas, and by doing so your helping to feed, house and clothe a #disabled man living in #poverty, $5-10-15 It All Helps, via #cashapp at $woctxphotog or via #paypal at paypal.com/donate?campaign_id=…
#Austerity #Awareness #BrokenSystem #Capitalism #Change #ChronicPoverty #CorporateGreed #CriticalThinking #DailyStruggle #DebtSlavery #DisabledVoices #DisabilityJustice #EconomicInequality #EconomicJustice #EconomicViolence #Economics #Education #ExistentialThought #Financial #FinancialTrauma #FinanciallyDistressed #FoodInsecurity #Hunger #Homelessness #HumanCost #IllusionOfWealth #Inequality #Justice #LateStageCapitalism #MarginalizedVoices #MentalHealthMatters #MutualAid #Neoliberalism #Oligarchy #PhilosophyOfMoney #Plutocracy #Politics #PovertyAwareness #PowerAndControl #PowerDynamics #RealTalk #Reform #RiggedSystem #SocialCommentary #SocialEconomicWarfare #SocialJustice #Society #Solidarity #SpeakTruth #StatusQuo #SupportDisabled #Survival #SystemicOppression #SystemicPoverty #TaxTheRich #TruthBomb #TruthToPower #WakeUpCall #WealthGap #WealthInequality #WorkingClass #WorkingPoor
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Is it just me, or does Planet Before Profit seem like a fake oil company-sponsored "grassroots" organisation?
How can you talk about adopting a war mentality without identifying the real enemies?
Why are you so keen to shift the burden onto individuals?
Why are you peddling the myth of "responsible growth?"
Finally, why can't I read your website without enabling JavaScript (pet peeve, so I'm adding it to the list of gripes).
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New blog post from me - We Need To Talk
https://martinh.net/hacks/we-need-to-talk/
Maybe you heard about something called the #NationalConversation?
People across the UK are being urged to share their vision for how their community and country’s future should look, as part of a major new research project.
What would make the UK a better place to live? A new project aims to find out
I have some thoughts...
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You may have heard this story before about how an #economics student spotted the error in the research paper that underpinned George Osborne’s calamitous policy of #austerity that is still haunting the UK…but either way this is a cracking read from Russ in Cheshire
https://russincheshire.substack.com/p/the-spreadsheet-that-broke-britain
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🔥 18,000 fewer firefighters. Over 1 million hectares burned in Europe’s worst wildfire season on record.
This isn’t short-sighted. It’s walking into a trap with eyes wide open!
We need more firefighters & an end to #austerity!
EPSU & @[email protected] reaction👇🏾
www.epsu.org/article/reck...
'Reckless' 18,000 reduction in... -
#Austerity is een politieke keuze die vaak de meest kwetsbaren in de samenleving treft.
#Vvd #Cda #D66“Volgens de #MMT klopt het beeld van de #overheid als #huishouden niet. Een land dat zijn eigen munt uitgeeft, werkt fundamenteel anders dan een gezin met een pinpas.”
#financiën #economieDe #schatkist is helemaal niet leeg
https://www.bnnvara.nl/joop/artikelen/de-schatkist-is-helemaal-niet-leeg -
Mamdani the leader of the Democratic Scam Artists (DSA) of America is asking all city agencies to cut 2.5% of their budget. If a mainstream Democrat did this the DSA would be calling it what it is, austerity.
#Democrats #DNC #WorkingClass #Trump #Mamdani #AOC #KamalaHarris #BernieSanders #DSA #WorkingClass #Austerity
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Britain is paying the price for failing to invest in its young people | Richard Partington
By Richard PartingtonAlan Milburn has outlined a generation cut adrift by austerity. We must grasp the nettle and rebuild a preventive state
https://www.theguardian.com/society/2026/aug/09/britain-paying-price-failing-invest-young-people
#Youthunemployment #UKnews #Business #Economicpolicy #Unemployment #Politics #Youngpeople #Inequality #UKcostoflivingcrisis #Austerity #Schoolfunding #Workcareers #TheGuardian #RichardPartington
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Left Party European Member of Parliament Martin Günther has called for a European Union budget that properly recognizes the genuine challenges of the 21st centu... https://news.osna.fm/?p=58662 | #news #austerity #budget #climate #demand
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How very remarkable that COVID-19 [sic: formatting] is why
'we are experiencing high demand',
while also
justifying no health restrictions anywhere because
'the pandemic is over' [sic].So remarkable, in fact, that _upon it, I'm right now remarking!_
#PublicHealthPolicy #RichGetRicherWhilePoorGetBudgetCuts #HealthCareAccess #corona #Coronavirus #pandemic #PandemicResponse #health #HealthCare #infection #disease #UnitedKingdom #UK #UK_politics #UK111 #NHS #SaveOurNHS #covid #covid19 #SARS2 #SarsCoV2 #SARS_CoV2 #Infection #InfectionPrevention #InfectionControl #Public #PublicHealth #efficiency #ResourceEfficiency #Savings #budget #spending #Austerity #BudgetCuts
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The radical right approach to the climate crisis: “We are better to adapt to warming, rather than pretend we can stop it.”
“Of course the same political tendency also defends #austerity and #privatisation, both of which severely hamper our ability to adapt.”
#RadicalRight #psychopaths
#ClimateCrisis #capitalism
https://www.theguardian.com/commentisfree/2026/aug/05/murderous-heat-climate-disaster-mediterranean-life-radical-right -
At the beginning of 2026 the Belgian government revoked the right to unemployment subsidies to about 88.000 people. It estimated a third of them would then find a job; another third would turn to welfare; and the remaining third would seek help with whoever would give it, normally families "la debrouille"). Numbers are in: 44% went to welfare. https://www.lesoir.be/762878/article/2026-08-03/44-des-chomeurs-exclus-ont-bascule-vers-les-cpas (French)
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“[UK Prime Minister Andy] Burnham’s actions since becoming PM scream ‘business as usual’”
by Rachael Swindon in The Canary
@uk_politics
@thecanaryuk
@UKLabour
@[email protected]
@[email protected]
@[email protected]
@iran
@iraq
@palestinenews“Right then. Let’s not mess about. Andy Burnham has been Prime Minister for two weeks and already the man who promised real change and a break with the past, has filled his top team with so many Labour Friends of Israel (LFI) veterans, pro-Israel donors, and establishment re-treads you’d be forgiven for thinking Starmer never actually left”
https://www.thecanary.co/opinion/2026/08/02/burnham-opinion-rachael-swindon/
#Press #SocialMedia #Journalism #UK #Britain #Labour #Burnham #Cabinet #LabourFriendsOfIsrael #LFI #IsraelLobby #Donors #Israel #PalestinianGenocide #Austerity #WFA #TwoChildBenefitCap #ChildPoverty #Gaza #Genocide #Israel #Zionism #Complicity #Authoritarian #Hypocrisy #Lies #NHS #LabourVoteRigging #LabourCorruption #LabourFriendsOfBigBusiness #LabourFriendsOfGenocide
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“Europe's Wildfire Crisis: Climate Change and Austerity Fuel a Growing Disaster”
by ANA VRAČAR in Savage Minds on Substack
@europe
@grassrootsforeurope
@EUCommission
@euronews“Firefighters in France and Spain are working hard to contain devastating wildfires ahead of another heatwave expected to hit parts of Europe starting Tuesday, 28 July. Tens of thousands of hectares of land have been scorched, and over 200,000 people were forced to evacuate their homes in France alone. Blazes are also ongoing in Italy, and the seasonal prognosis for the entire northern Mediterranean coast remains alarming”
https://open.substack.com/pub/savageminds/p/europes-wildfire-crisis
#Press #SocialMedia #Europe #France #Spain #Wildfire #ClimateCrisis #Austerity
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Awesome infographic by #RichardMurphy #TaxResearchOrgUk:
Why the houshold analogy, used by neoliberal #politicians and #banks, to justify #austerity, is wrong:
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There is no treatment for measles. It is mostly children.
They cut the crew that watches for fire and kept the press office that announces there isn't one.
Somebody sitting with the numbers until the causation shows — that's the work nobody funds anymore.
Who's counting in the places where the counters got fired?
https://twp.ai/9OZaMc
#PublicHealth #Measles #News #Journalism #Politics #Austerity #Accountability #Resist #Solidarity #Democracy #Fediverse #MutualAid #MutualAidRequest
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On her July 27 broadcast Rachel Maddow declined the easy version of the story and did the accounting instead.
They killed a firebreak project in Minnesota's Superior National Forest. The Superior National Forest is now on fire.
https://twp.ai/4huLAY
#PublicHealth #Measles #News #Journalism #Politics #Austerity #Accountability #Resist #Solidarity #Democracy #Fediverse #MutualAid #MutualAidRequest
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Thanks, that's enlightening, though I must say the BBC's story is quite nuanced. But all in all this is scientific #austerity at play, again. The British government couldn't possibly just tax #billionaires . How will elderly scientists possibly heat their houses?
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RE: https://mastox.eu/@ZackPolanski/117003764463933692
Burnham invites the architects of Austerity to the table, but not the Left Wing Party, like they wouldn't have an input on social care but Kemi Badenoch does.
I guess the Greens are all 'terrorists' now or something?
#UKPol #UKPolitcs #AndyBurnham #SocialCare #InviteTheGreens #Greens #GPEW #Tories #LibDems
#Austerity -
Bank regulation, not austerity, explains why Britain is poorer than America
Friday 24 July 2026 4:43 pm | Updated: Friday 24 July 2026 4:44 pm Thanks to the last sixteen…
#NewsBeep #News #Economy #Austerity #Business #greatfinancialcrash #Growth #IEA #opinion #UK #UKGovernment #UnitedKingdom #USA
https://www.newsbeep.com/uk/710629/ -
"How do you live in a world that you don't understand? What you do is you try and cover your downside for losses and open for the upside. And for that you need to be corrigible. You need to be open to being wrong."
This was a summary of Nassim Taleb's "Antifragile" book according to Mark Blyth, political economist.On bubbles, commodification, the values of economics: https://www.youtube.com/watch?v=XNlPnd4aVs0
#uncertainty #mistakes #corrigibility #criticalThinking #adaptability #learning #quotes #NassimTaleb #MarkBlyth #Antifragile #bookStodon #book #video #economics #wealth #taxation #austerity #concentration #capitalism #immigration
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Our Goldman Sachs prime minister Mark Carney has been talking about implementing austerity measures to 'help' the Canadian economy.
In fact austerity only ever helps the profits of the capital class at the expense and suffering of the rest of us.
Italian economist Clara Mattei:
“Capitalism has been imposed on us by a tiny elite since the beginning. Liberal democracy is really only a superficial façade. When people rise up against the capitalist system liberals and fascists are best friends to implement austerity.”
