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Saturday, September 30, 2017

Austerity is a Scam


A searing documentary looking at the pragmatics of what is called Austerity -  "difficult economic conditions created by government measures to reduce public expenditure" - in the UK today.

The present UK Conservative Party government came to power in 2010 but even before that national financial policy favoured the rich over the poor for decades. In 2008 the Labor Government of Gordon Brown responded to the global credit crisis by giving billions of Pounds to the banks. Neoliberalism has been an entrenched defining element in government social, educational and cultural policies in the West since the 1980s. We are now just seeing the endgame of it play out amid economies that have little room to maneuver outside the neoliberal model. When wealth is so concentrated in the hands of those that control the majority of assets, then the majority of the population will be brought to a point of suffering that will only be comparable to feudal societies.



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