Across a variety of advanced economies, "the negative impact [of #austerity] on GDP remains substantial even after a decade and a half. On average, GDP is more than 5.5% lower 15 years after a large austerity shock than would have been expected if there had been no austerity"

#CDNPoli #Canada #Budget2025

Mark Carney is an economist. So why is he ignoring decades' worth of data showing austerity makes things worse?

#Austerity "has significant and persistent negative effects on employment and the size of an economy (...), with the damage lasting more than 15 years"

https://theconversation.com/in-the-struggle-to-get-britain-working-the-long-shadow-of-austerity-could-be-part-of-the-problem-249888

#CDNPoli #Canada #Budget2025

I've written about the false economies of austerity before but here is a corker of an example:

this winter, to save money, frontline NHS staff are having to pay for their covid jabs, at a time when staff absences due to sickness are already too high...

Its a classic bit of costs-based policy making with no appreciation of the resulting (higher) costs.

Ir sums up what's wrong with decision makers myopic obsession with immediate cost(s).

#health #politics #austerity

h/t NHSManagersNet

I've written about the false economies of austerity before but here is a corker of an example:

this winter, to save money, frontline NHS staff are having to pay for their covid jabs, at a time when staff absences due to sickness are already too high...

Its a classic bit of costs-based policy making with no appreciation of the resulting (higher) costs.

Ir sums up what's wrong with decision makers myopic obsession with immediate cost(s).

#health #politics #austerity

h/t NHSManagersNet

Police crackdown with letal bullets in #Ecuador.
#ParoNacional #ParoNacional2025 #Noboa #NationalStrike #austerity #HumanRightsViolations #Otavalo #Imbabura #CONAIE
https://www.telesurtv.net/reprimen-municion-real-protestas-paquetazo-noboa/

Police crackdown with letal bullets in #Ecuador.
#ParoNacional #ParoNacional2025 #Noboa #NationalStrike #austerity #HumanRightsViolations #Otavalo #Imbabura #CONAIE
https://www.telesurtv.net/reprimen-municion-real-protestas-paquetazo-noboa/

Fucking hell, look at the date this was published:
Economists call for immediate suspension of spending cuts
https://ganeshnana.substack.com/p/economists-call-for-immediate-suspension
#nzpol #NicolaWillis #Austerity

Fucking hell, look at the date this was published:
Economists call for immediate suspension of spending cuts
https://ganeshnana.substack.com/p/economists-call-for-immediate-suspension
#nzpol #NicolaWillis #Austerity

Today, major French unions organized massive nationwide protest, leaving transport, schools, and other public services paralyzed.

The reason for protests are governmental planned €44B cuts in the next budget, with pensions, health, education, public sector at risk, while keeping planned militarization intact.

https://www.bbc.com/news/articles/cj9zvg03elzo

#france #economy #austerity

"It's official:🚨The US now has more unemployed people than job openings for the first time since April 2021.

In July, the US had:
7.18 million job openings
7.24 million unemployed people

This is yet another crack in the labor market that illustrates how much harder it is to get a new job right now than what we've seen in a long time."
-H Long
#Tariffs#TrumpRegime#Republicans#Privatization#AI#Economy#Sabotage#Unemployment#Jobs#Austerity#Protest#USPol

"It's official:🚨The US now has more unemployed people than job openings for the first time since April 2021.

In July, the US had:
7.18 million job openings
7.24 million unemployed people

This is yet another crack in the labor market that illustrates how much harder it is to get a new job right now than what we've seen in a long time."
-H Long
#Tariffs#TrumpRegime#Republicans#Privatization#AI#Economy#Sabotage#Unemployment#Jobs#Austerity#Protest#USPol

Waar het nieuwe VVD-programma eigenlijk over gaat:

Necropolitics
https://www.youtube.com/watch?app=desktop&v=EFuGeddFOKM

Work or Die: Labour's War on Disabled People
https://www.youtube.com/watch?v=Rk9WgnIzyfo

The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism - Book Review
https://www.youtube.com/watch?v=3eMigB5Jofw

#NLpol #verkiezingen#VVD #Necropolitics #disability #austerity

Waar het nieuwe VVD-programma eigenlijk over gaat:

Necropolitics
https://www.youtube.com/watch?app=desktop&v=EFuGeddFOKM

Work or Die: Labour's War on Disabled People
https://www.youtube.com/watch?v=Rk9WgnIzyfo

The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism - Book Review
https://www.youtube.com/watch?v=3eMigB5Jofw

#NLpol #verkiezingen#VVD #Necropolitics #disability #austerity

And we might link this to the continuing political economy of austerity, which continues in all but name...

I have explored this problem recently for @NWBylines

#politics #austerity

2/2
https://northwestbylines.co.uk/politics/economy/the-false-economies-of-austerity/

Very interesting food for thought:
Ali Kadri, "De-development and the Accumulation of Waste Through Wars" - DevDays2025 Keynote Lecture

Some time ago I listened to Ali Kadri on MAK Capitalism and his ideas about capitalists producing waste for society means more profit for them, and the role of war in this process, intrigued me. The growing amount of money and assets of the 1%, NATO's 5% and ReArm Europe, and austerity for the rest of us (meaning premature death for us) are all related.

Only halfway,so ...

https://m.youtube.com/watch?v=6D8f_QzwfDM

#AliKadri#DeDevelopment#War #accumulation #capitalism #austerity#NATO #inequality

Very interesting food for thought:
Ali Kadri, "De-development and the Accumulation of Waste Through Wars" - DevDays2025 Keynote Lecture

Some time ago I listened to Ali Kadri on MAK Capitalism and his ideas about capitalists producing waste for society means more profit for them, and the role of war in this process, intrigued me. The growing amount of money and assets of the 1%, NATO's 5% and ReArm Europe, and austerity for the rest of us (meaning premature death for us) are all related.

Only halfway,so ...

https://m.youtube.com/watch?v=6D8f_QzwfDM

#AliKadri#DeDevelopment#War #accumulation #capitalism #austerity#NATO #inequality