Wednesday, 13 June 2012

The austerity drone

Paul Krugman, in light of promoting the release of his new book End this Depression Now!, has been campaigning with particular media exposure in an immensely refreshing  and lucid manner against the establishment consensus of austerity. He has appeared in a number interviews in which he has quite hilariously destroyed assorted careerists and voodoo economists. In context of the U.S. presidential race in November, he adequately describes the manner and narratives of austerity-pushing political leaders and intelligentsia: "They issue apocalyptic warnings about the dangers of government debt and, in the name of deficit reduction, demand savage cuts in programs that protect the middle class and the poor. But then they propose squandering all the money thereby saved — and much, much more — on tax cuts for the rich."


I offered by own summarisation of the austerity doctrine (which has proven quite popular among Comment is Free readers): "The austerity drone is a construction to simultaneously justify ideological Social Darwinism and neoliberal privatisation and social stratification. It is abjectly inhuman and economically illiterate." With my mind evidently having some subconscious focus on new American war methods, you will clearly notice the "drone" typo. I naturally corrected myself as a notation shortly thereafter; @nextwavefutures however contacted to say that "I liked 'austerity drone', typo or not. Unmanned, destroys the wrong targets, high collateral damage. Worked for me."

Perhaps austerity drone would be a good phrase to popularise?

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