Austerity

Drop The Term “Austerity” – It’s The Race To The Bottom

September 26, 2019 Glen Ford, Blackagendareport.com Educate! Austerity, Exploitation, Ideology

Let’s get straight to the point. The striking General Motors workers are locked in an epochal struggle against the global corporate drive to reduce the entirety of the world’s working class to a state of abject desperation, leaving the great mass of people -- from Detroit to Bangladesh -- with no options but to accept whatever wages and conditions of labor the bosses offer. This is the essential, global imperative of today’s late stage capitalism, and the tie that binds the money-men that control both U.S. governing parties, their counterparts in Europe, and billionaires the world over.

Puerto Rico Revolts Against Corruption And Austerity

July 22, 2019 José Hernandez, Marx21us.org Resist! Austerity, Class Struggle, Corruption, Protests, Puerto Rico

As of this writing, the people of Puerto Rico have been protesting for seven days straight on the streets of San Juan, and in ever growing numbers. The fury unleashed by the scandals exposing the corruption and political intrigue of the governor Ricardo Rosselló shows no signs of abating. Adding to that, was the total mismanagement of the recovery following in the wake of Hurricane Maria. A combination of colonialism, the racism of the Trump administration, the neoliberal agenda of the Financial Oversight and Management Board (aka “la Junta”), and the incompetence of Rosselló’s administration...

How Ending Austerity Built Economic Growth In Portugal

January 27, 2019 Gabrielle Pickard-Whitehead, Occupy.com. Create! Austerity, Ecology, Portugal, Socialism

Since Britain voted to leave the E.U. in 2016, the country has witnessed an alarming spike in rightwing hate crime. Many are now warning that the “febrile” atmosphere escalating around Brexit as leaders struggle to come to an agreement could be further exploited by far-right extremists. Though it’s not just Britain that is seeing a surge in far-right populism. Rightwing protests fueled by anti-immigrant sentiment are hounding Germany’s streets. Sweden’s once fringe far-right party, the Sweden Democrats, are rising in popularity threatening to stop asylum seekers coming into the country. Hungary, Poland, Austria and Finland are all experiencing a reactionary surge.

Unions Bring Argentina to a Standstill As Macri Meets Bankers

September 28, 2018 Telesur. Resist! Argentina, Austerity, Finance and the Economy, Labor

On Tuesday at midnight, Argentina’s General Confederation of Workers (CGT) began its 24-hour general strike against Mauricio Macri’s austerity policies. On Monday, the Argentine Workers’ Central Union (CTA) launched a parallel 36-hour strike with the support of several smaller unions, neighborhood associations, and social movements to reject the government’s social and economic policies. Macri has faced massive protests and four national strikes. In June, shortly after the government agreed on a US$50 billion emergency loan with the International Monetary Fund (IMF), the CGT and several other unions paralyzed the country to reject the agreement and the austerity measures that accompany IMF loans.

The Evidence Is In, And Austerity Is Declared A Loser

August 21, 2018 Jacob Sugarman, Truthdig.com Educate! Austerity, Capitalism, Europe, New Economy

In 2014, Portugal stood on the brink. Its economy had collapsed amid Europe’s debt crisis, and unemployment had doubled. As part of a bailout program with the International Monetary Fund, which had lent the country 78 billion euros ($90 billion) in 2011, its government imposed drastic cuts to wages, pensions and social security. But then something remarkable happened. Rather than bow to the demands of its European debtors, the Portuguese government elected to reinvest in its public sector, restoring salaries and benefits to their pre-crisis levels. Four years later, the results speak for themselves. “The government’s U-turn, and willingness to spend, had a powerful effect,” writes The New York Times’ Liz Alderman. “Creditors railed against the move, but the gloom that had gripped the nation through years of belt-tightening began to lift. Business confidence rebounded. Production and exports began to take off.”

Greece At A Stand Still As Thousands Strike Against Austerity

June 1, 2018 Patrick Strickland, Aljazeera.com Resist! Austerity, Greece, Strikes

Athens, Greece - Flags and banners fluttered above a steady stream of protesters, who chanted anti-austerity slogans as they marched through the streets of the Greek capital. On Wednesday, thousands of Greek workers, union members, migrant labourers, students, pensioners and unemployed people flooded Athen's city centre to hold a general strike against the government's ongoing austerity regime. Organised by labour unions, the 24-hour nationwide strike paralysed public transportation in much of the country, disrupted flight schedules and prevented many ships from setting sail. Subways and metros were halted, and several flights were grounded. Shops, restaurants, offices and schools were shuttered throughout the capital, and public services were paused for the day.

Police Unleash ‘Brutal Attacks’ On Austerity Protesters In Storm-Ravaged Puerto Rico

May 3, 2018 By Jessica Corbett, Commondreams.org Resist! Austerity, May Day, Police State, Protests, Puerto Rico, Repression

Police in Puerto Rico deployed tear gas and fired rubber bullets to shut down May Day protests as thousands of people took to the streets of the U.S. territory, which is still battling the devastation caused by Hurricane Maria—and a debt crisis that preceded the storm. While people worldwide demonstrated Tuesday to demand improved labor conditions on International Workers Day, Puerto Ricans also turned out to protest the Trump administration's failed response to the humanitarian crisis that followed the hurricane as well as austerity measures imposed by the federal government both before and after the storm struck last September.

Teachers Walk Out At DC’s Anacostia High School

April 7, 2018 Perry Stein, Washington Post. Resist! Austerity, Education, Teachers

Washington, DC - Frustration at Anacostia High boiled over Wednesday, with the entire teaching staff walking out of class midmorning to protest building conditions — conditions teachers say city officials should have addressed with greater urgency. Teachers said the cafeteria was flooded and no toilets were working when educators arrived at the Southeast Washington school at 8 a.m. Teachers made a last-minute decision to organize a 9:30 a.m. walkout. The school system said repairs to toilets were complete by 10:15 a.m.

Real Goal Of “Russiagate” Is To Prepare For Endless Austerity Fnd War

March 3, 2018 Glen Ford, Blackagendareport.com Educate! Austerity, Inter-Imperialist Rivalry, Propaganda, RussiaGate

Robert Mueller, the former head of the national political police (FBI), has indicted 13 Russian nationals for the crime of sowing “discord in the U.S. political system” and encouraging “U.S. minority groups not to vote in the 2016 U.S. presidential election or to vote for a third-party U.S. presidential candidate.” The defendants’ nationality makes their acts of political speech a crime, in Mueller’s legal view, but “at least 20 Americans” are embedded in the document as unindicted co-conspirators “ because they interacted in various ways with the Russian team’s activities during the 2016 presidential campaign. These U.S. citizens “were just engaging in politics,” said independent journalist Marcy Wheeler, on Democracy Now! “They were putting together campaign events. They were engaging in online speech. That’s like, you know, the most sacred part of being an American citizen. And yet, they were unknowingly interacting with Russians….”

Athens Rally Moment Of Truth For Greeks Under Thumb Of EU-Imposed Austerity

February 5, 2018 By Michael Nevradakis, Mintpressnews.com Resist! Austerity, European Union (EU), Greece, Rally

ATHENS, GREECE (Analysis) – Hundreds of thousands of Greeks took to the streets of Thessaloniki, Greece’s second-largest city, on Sunday, January 21, in a mass rally opposing a compromise on the part of the Greek government regarding the Macedonia name dispute with Greece’s northern neighbor, temporarily recognized by the United Nations as the “Former Yugoslav Republic of Macedonia” (FYROM). As talks between the governments of Greece and FYROM have progressed, seemingly out of the blue and after a very long period of dormancy, a significant percentage of the populace in Greece is seizing the opportunity to participate in the first large-scale street demonstrations in the country since the days leading up to July 5, 2015 referendum rejecting an austerity proposal put forth by Greece’s creditors.

Mass Protests Against Austerity, Unemployment Shake Tunisia

January 11, 2018 Bill Van Auken, Wsws.org Resist! Austerity, Protests, Tunisia, Unemployment

Tunisia has erupted over the past three days in demonstrations and violent clashes with security forces. Workers and youth have taken to the streets in at least 18 different towns in protest against a 2018 austerity budget that will only exacerbate prevailing conditions of mass unemployment, poverty and social inequality in the North African nation. The Interior Ministry acknowledged that a 55-year-old man was killed during a protest on Monday in the town of Tebourba, about 20 miles outside of the capital of Tunis, and five other people there were wounded. There were conflicting reports over the cause of death, with some protesters saying the man had been run down by a police vehicle, while the authorities claimed he had been overcome by tear gas. In a number of areas, the army has been called out to back up local security forces and protect government buildings and banks.

Strikes Against Austerity In Israel’s Public & Private Sector

January 5, 2018 Jean Shaoul, Wsws.org Resist! Austerity, Israel, Strikes

Israeli workers are facing an onslaught on jobs, wages and conditions, in both the public and private sectors. The attacks organised by the corporations, government and the courts are proceeding with the active collusion of the labour unions. Last week, the trade unions agreed a rotten deal with the government and the Israel Electric Corporation (IEC), the state-owned utility, on the liberalisation and privatisation of industry to snuff out lightning strikes mounted in defiance of a ban on walkouts against market-based reforms. Last August, the High Court of Justice ruled that workers at state-owned enterprises can no longer strike against market reforms, overturning an earlier judgement supporting the right to strike. This was a response to a series of strikes by electrical workers in June and July. The ruling constitutes a fundamental attack on the working class in favour of the financial elite.

Tax Bill Just Opened A New Front In The Class War

December 24, 2017 Miles Kampf-Lassin, inthesetimes.com Educate! Austerity, Corporate duopoly, Taxes

The current economic status quo—with stock markets soaring while wages remain flat and inequality widens—is both unstable and unsustainable. The coming shock will only accelerate these trends in order to benefit the wealthy, and it’s being delivered in the form of tax “reform” by a Republican Party dead set on pleasing its donor class while hanging working people out to dry. As many economists have pointed out, at its core, the GOP’s tax bill represents a massive transfer of wealth from the bottom of society up to the top. The rich will benefit enormously, while half of all taxpayers will actually see their taxes increase over the next ten years.

Fight Harder And Smarter Against Trumpism

December 24, 2017 Sonali Kolhatkar, truthdig.com Strategize! Austerity, Taxes, Trump

The Republican Party is celebrating the passage of a deeply unpopular and comprehensive rewrite of the U.S. tax code, which critics argue is skewed unjustly toward the rich. Members of the party, however, are convinced that we will learn to love the new tax code, as House Speaker Paul Ryan said Tuesday. “When people see their withholding improving, when they see jobs occurring, when they see bigger paychecks, a fairer tax system, a simpler tax code, that’s what going to produce the results,” he said at his weekly press conference. “Results are going to make this popular,” he added, sounding like parents telling their child, “When you’re older, you’re going to thank me for forcing you to take violin lessons.”

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