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Lugh Ildánach

Austerity Isn't Working

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Of course, the above title has almost reformist implications, as if captialism could work if it just wasn't quite as austere. I think certainly capitalism could last a bit longer if it was less austere, and there is never any real analysis of the dynamics of who is pushing the austerity agenda and why.


But in any event, it is important for us to consider reports like this. The report looks at the effect of austerity on Ireland, Spain, Portugal, Greece and Italy



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