The barely cogent case for austerity

Posted: October 22, 2012 in Uncategorized
Tags: , , , , , , ,

People tell you that politics bore them, or does not affect them, only to spew an ignorant line from the Daily Mail/Express/Sun as if it were gospel. Without a hint of irony. This is what we have to deal with.

Do you believe in ‘austerity’? I mean, really believe that it is integral to the future wellbeing of the nation? Is it a valid political strategy that stands up to close scrutiny?

Surely, if this were all true, that we were really ‘all in this’ austerity business ‘together’, then all incomes across the socio-economic spectrum would be diminishing, or at least stagnant. We know that people even on middle incomes are struggling, but startling realities gives the game away as to the credibility of the ‘age of austerity’:

http://www.dailymail.co.uk/news/article-2192822/Even-recession-rich-richer-Savers-hit-70bn-printing-money-helps-rich-admits-Bank-England.html

http://www.dailymail.co.uk/news/article-145794/Britains-rich-getting-richer.html

So the rich are getting richer. Unless they are exporting a staggering amount each, this means they are actually sucking up the collective wealth of the rest of the British population and saturating it.

The only times this nation’s wealth is not essentially finite are when banks create money out of nothing, otherwise known as Quantitative Easing. As the first link above demonstrates, this actually hammers the poor in terms of pensions and savings, but hugely benefits the rich in terms of asset values.

So, not only is our collective wealth draining up to those in least need, but the measures implemented to apparently alleviate the mess actually exacerbate this travesty.

In conclusion, it has been stated before, but needs to be constantly hammered home, like the myth of public sector overspending is hammered home by the national media: austerity is a crock. This is not ‘fiscal prudence and sacrifice for all’, this is a calculated transfer of wealth from the lower and middle classes to the super-rich. Or grand larceny of its people’s assets by a collective elite. Ironically, the one huge public overspend was the bank bailout, which has neither been repaid, nor led to any meaningful reform to prevent it all from happening again. The wool has been pulled over our eyes so obviously that we seem to refuse to believe we could be treated with such contempt, and dance to the puppeteers’ tune.

Ever get the feeling you’ve been had?

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