(Ep. 48) [Book Talk] AUSTERITY - The History of a Dangerous Idea, by Mark Blyth - Tribunus Plebis Podcast

Tribunus Plebis Podcast

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2+ y ago 32:36

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Welcome to the inaugural "Book Talk" episode on Tribunus Plebis!

We will discuss the book "Austerity - The History of a Dangerous Idea" by Mark Blyth, as well as austerity in a broader, more general discussion!

Austerity is, basically, the idea that regressively taxing citizens while also drastically reducing government spending on basic services is a good way to alleviate the debt burden of a country.

In other words it is, as a theory, both immoral and built of utter hogwash.

Austerity is, in reality, a brutal attack on innocent people’s health, happiness, and livelihoods. It’s cruelty lies in how it punishes the 99% while rewarding multi-national megabanks, central banks, and countries for their risky loans made to already heavily indebted governments of all levels.

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