Empire, Power, and People: Episode 5
Fiscal Austerity or Social Genocide?
In light of the current global economic crisis, there is a question that should be asked and discussed in regards to what our leaders are telling us is required to solve the crisis: what is fiscal austerity? We are told that “fiscal austerity” measures are required to create economic growth and prosperity, that there will be pain for a while, but it’s all for the ‘greater good’ of the economy. This episode breaks down these measures into what the specific policies of “austerity” are, what justifications are given for each one, and what the actual effect upon the population each measure has. Through this analysis, it becomes clear that when we are told, “fiscal austerity”, we should hear, “social genocide.”