Crisis, Austerity, and Transformation

Crisis, Austerity, and Transformation

Author: Isabel David

Publisher: Lexington Books

Published: 2018-01-22

Total Pages: 227

ISBN-13: 149854388X

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Discussions of the recent austerity measures in Southern Europe as a response to the sovereign debt crisis have been usually framed in terms of their economic impact. However, the general impoverishment of these countries has induced other massive social and political changes, a fact which is ignored in the literature. This volume seeks to fill this gap and break ground by analyzing these trends in the Portuguese context. Portugal has been portrayed as the Troika’s good pupil by obediently adopting all prescribed austerity measures. In the process, the nation’s fragile social fabric has been destroyed. Massive emigration, particularly by young people, massive increases in poverty and a foundering economy have triggered a collective framing of the crisis and austerity as unjust and punitive of a collectivity that, at the beginning, naively believed in the neoliberal narrative of the benign effects of the cuts. This reframing unleashed an unprecedented wave of social and political mobilization in an otherwise traditionally apathetic society. This resistance needs to be addressed as a direct effect of austerity policies and properly analyzed for what it really represents: a process of repoliticization and re-democratization sweeping Europe. These mobilizations include direct democracy experiments, the growing influence of social movements (the massive March 2011 demonstrations were a direct inspiration for the creation of the Indignado movement in Spain, attesting the contagion effect), solidarity economy and the major political change in the country’s 42 years of democratic rule: an alliance of the left parties, unthinkable before the crisis, and which is reframing relations with the European Union. This volume offers a first approach to the massive political, social and cultural transformations taking place in the country that make Portugal, in certain aspects, a lab for innovative practices (e.g. participatory budgets and the alliance of the left parties) that may be used elsewhere as alternatives to current understandings of economic and political orthodoxy


Against the Troika

Against the Troika

Author: Heiner Flassbeck

Publisher: Verso Books

Published: 2015-02-17

Total Pages: 145

ISBN-13: 1784783153

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A radical anti-capitalist alternative to Eurozone austerity On the 25th January 2015 the Greek people voted in an election of historic importance—not just for Greece but potentially all of Europe. The radical party Syriza was elected and austerity and the neoliberal agenda is being challenged. Suddenly it seems as if there is an alternative. But what? The Eurozone is in a deep and prolonged crisis. It is now clear that monetary union is a historic failure, beyond repair—and certainly not in the interests of Europe’s working people. Building on the economic analysis of two of Europe’s leading thinkers, Heiner Flassbeck and Costas Lapavitsas (a candidate standing for election on Syriza’s list), Against the Troika is the first book to propose a strategic left-wing plan for how peripheral countries could exit the euro. With a change in government in Greece, and looming political transformations in countries such as Spain, this major intervention lays out a radical, anti-capitalist programme at a critical juncture for Europe. The final three chapters offer a detailed postmortem of the Greek catastrophe, explain what can be learned from it—and provide a possible alternative. Against the Troika is a practical blueprint for real change in a continent wracked by crisis and austerity.


Austerity

Austerity

Author: Mark Blyth

Publisher: Oxford University Press

Published: 2015

Total Pages: 305

ISBN-13: 0199389446

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In Austerity: The History of a Dangerous Idea, Mark Blyth, a renowned scholar of political economy, provides a powerful and trenchant account of the shift toward austerity policies by governments throughout the world since 2009. The issue is at the crux about how to emerge from the Great Recession, and will drive the debate for the foreseeable future.


Social Policy in Times of Austerity

Social Policy in Times of Austerity

Author: Kevin Farnsworth

Publisher: Policy Press

Published: 2015-09-15

Total Pages: 196

ISBN-13: 1447319117

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The effects of the 2008 financial crisis were ameliorated by large-scale social policy interventions, which both helped limit the depth and duration of the crisis and softened its worst effects on citizens. Yet in the wake of the crisis, those very same social policies and the welfare state they support have come under attack. There is, however, reason to be optimistic, argue the contributors to Social Policy in Times of Austerity. Bringing together leading scholars engaged in the debate over austerity and the future of the welfare state, the book traces the strong currents of resistance to austerity that continue to thrive within organizations, governments, and the citizenry at large.


Living Under Austerity

Living Under Austerity

Author: Evdoxios Doxiadis

Publisher: Berghahn Books

Published: 2018-07-20

Total Pages: 0

ISBN-13: 1785339338

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Since its sovereign debt crisis in 2009, Greece has been living under austerity, with no apparent end in sight. This volume explores the effects of policies pursued by the Greek state since then (under the direction of the Troika), and how Greek society has responded. In addition to charting the actual effects of the Greek crisis on politics, health care, education, media, and other areas, the book both examines and challenges the “crisis” era as the context for changing attitudes and developments within Greek society.


Fear City

Fear City

Author: Kim Phillips-Fein

Publisher: Macmillan + ORM

Published: 2017-04-18

Total Pages: 302

ISBN-13: 0805095268

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PULITZER PRIZE FINALIST An epic, riveting history of New York City on the edge of disaster—and an anatomy of the austerity politics that continue to shape the world today When the news broke in 1975 that New York City was on the brink of fiscal collapse, few believed it was possible. How could the country’s largest metropolis fail? How could the capital of the financial world go bankrupt? Yet the city was indeed billions of dollars in the red, with no way to pay back its debts. Bankers and politicians alike seized upon the situation as evidence that social liberalism, which New York famously exemplified, was unworkable. The city had to slash services, freeze wages, and fire thousands of workers, they insisted, or financial apocalypse would ensue. In this vivid account, historian Kim Phillips-Fein tells the remarkable story of the crisis that engulfed the city. With unions and ordinary citizens refusing to accept retrenchment, the budget crunch became a struggle over the soul of New York, pitting fundamentally opposing visions of the city against each other. Drawing on never-before-used archival sources and interviews with key players in the crisis, Fear City shows how the brush with bankruptcy permanently transformed New York—and reshaped ideas about government across America. At once a sweeping history of some of the most tumultuous times in New York's past, a gripping narrative of last-minute machinations and backroom deals, and an origin story of the politics of austerity, Fear City is essential reading for anyone seeking to understand the resurgent fiscal conservatism of today.


Social Movements in Times of Austerity: Bringing Capitalism Back Into Protest Analysis

Social Movements in Times of Austerity: Bringing Capitalism Back Into Protest Analysis

Author: Donatella della Porta

Publisher: Polity

Published: 2015-05-04

Total Pages: 0

ISBN-13: 9780745688589

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Recent years have seen an enormous increase in protests across the world in which citizens have challenged what they see as a deterioration of democratic institutions and the very civil, political and social rights that form the basis of democratic life. Beginning with Iceland in 2008, and then forcefully in Egypt, Tunisia, Spain, Greece and Portugal, or more recently in Peru, Brazil, Russia, Bulgaria, Turkey and Ukraine, people have taken to the streets against what they perceive as a rampant and dangerous corruption of democracy, with a distinct focus on inequality and suffering. This timely new book addresses the anti-austerity social movements of which these protests form part, mobilizing in the context of a crisis of neoliberalism. Donatella della Porta shows that, in order to understand their main facets in terms of social basis, strategy, and identity and organizational structures, we should look at the specific characteristics of the socioeconomic, cultural and political context in which they developed. The result is an important and insightful contribution to understanding a key issue of our times, which will be of interest to students and scholars of political and economic sociology, political science and social movement studies, as well as political activists.


The Changing Politics and Policy of Austerity

The Changing Politics and Policy of Austerity

Author: McBride, Stephen

Publisher: Policy Press

Published: 2021-09-30

Total Pages: 326

ISBN-13: 1447359518

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Experts from around the world review the complex and rapidly changing politics and policies of austerity in this comprehensive collection of essays. The book details the many different means and expressions of austerity since the financial crisis of 2008, as well as backlashes and emerging political alternatives.


A triumph of failed ideas: European models of capitalism in the crisis

A triumph of failed ideas: European models of capitalism in the crisis

Author: Steffen Lehndorff

Publisher: ETUI

Published: 2012

Total Pages: 286

ISBN-13: 2874522465

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The current crisis in Europe is being labelled, in mainstream media and politics, as a ‘public debt crisis’. The present book draws a markedly different picture. What is happening now is rooted, in a variety of different ways, in the destabilisation of national models of capitalism due to the predominance of neoliberalism since the demise of the post-war ‘golden age’. Ten country analyses provide insights into national ways of coping – or failing to cope – with the ongoing crisis. They reveal the extent to which the respective socio-economic development models are unsustainable, either for the country in question, or for other countries. The bottom-line of the book is twofold. First, there will be no European reform agenda at all unless each country does its own homework. Second, and equally urgent, is a new European reform agenda without which alternative approaches in individual countries will inevitably be suffocated. This message, delivered by the country chapters, is underscored by more general chapters on the prospects of trade union policy in Europe and on current austerity policies and how they interact with the new approaches to economic governance at the EU level. These insights are aimed at providing a better understanding across borders at a time when European rhetoric is being used as a smokescreen for national egoism.


Social policy in challenging times

Social policy in challenging times

Author: Farnsworth, Kevin

Publisher: Policy Press

Published: 2011-09-21

Total Pages: 353

ISBN-13: 1847428290

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There is no precedent to the current economic crisis which looks set to redefine social policy debate throughout the globe. But its effects are not uniform across nations. Bringing together a range of expert contributions, the key lesson to emerge from this book is that 'the crisis' is better understood as a variety of crises, each mediated by national context. Consequently, there is an array of potential trajectories for welfare systems, from those where social policy is regarded as incompatible with the post-crisis economy to those where it is considered essential to future economic growth and security.