Cambridge Journal of Regions, Economy and Society: Austerity: we are not all in it together21 November 2011
On the OUPblog, three editors of the Cambridge Journal of Regions, Economy and Society discuss the "perfect storm" that led to the current economic crisis and the disproportionate effects of the austerity measured introduced to cope."Europe has a Greek tragedy; the US is grappling with a Tea Party; and in the UK we have the economic consequences of austerity. The focus is budget deficits, public expenditure cuts and being ‘all in it together’. But, of course, we are not all in it together. The impact of austerity is very unequal: the whole mess was started by the financial sector driven by avarice and hiding behind the convenient veil of ‘free markets’; but the burden is being felt by the poor, the unemployed and the destitute. And the inequality is being felt in different parts of the UK, Europe and the USA."
For the full blog post, visit: Austerity: we are not all in it together
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