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The 50 Trillion Dollar Question: What is Austerity?

The modern system of austerity took shape in the mid-1970s and we are still in its grip. Austerity is meant to trap us in a destructive double-bind; the race to the bottom for millions of people is also the race to the top for the few. The cost? More t…

The modern system of austerity took shape in the mid-1970s and we are still in its grip. Austerity is meant to trap us in a destructive double-bind; the race to the bottom for millions of people is also the race to the top for the few. The cost? More than $50 trillion. The human cost in misery, death, and despair? Devastating yet uncounted. More

The post The 50 Trillion Dollar Question: What is Austerity? appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Richard Moser.


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