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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: Austerity weakens a nation's economy and harms the lower classes the most.
Chapter 3: History clearly shows austerity fails to restore growth in the national economy.
Chapter 4: The recent financial crisis resulted from U.S. banks’ risky practices and mass mortgage defaults nationwide.
Chapter 5: EU countries were struggling already, but further worsened matters when they bailed out the banks repeatedly.
Chapter 6: Ireland struggled under austerity, while Iceland thrived by allowing its banks to fail completely instead.
Chapter 7: Viable alternatives to austerity can aid the many, even if they disadvantage the few at times.
Description
Austerity (2013) cuts through the confusion behind our recent financial crises and reveals what really happens when economists call for a policy of austerity to be implemented. This is when budgets are cut, public funding is slashed and working-class families suffer so that banks can be saved and continue to make billions. Find out what’s really going on and who’s really being protected when your country gets pushed into austerity.
Who Should Listen
- Students of political science and economics
- Readers who want a better understanding of the recent banking crisis
- Activists fighting against the top 1 percent