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Podcast: The Bunker – News without the nonsense
Episode: Austerity's coming back. Here's why it never works
Description: Austerity is a staple fixture of our political system. How did it become such a dominant economic policy? And is it really a ‘prudent’ and ‘realistic’ way of organising our economics? Philosopher and historian Clara Mattei, author of The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism joins Ahir Shah to explore how austerity came to become the water we swim in and why we can’t imagine a world without it.
“Austerity has become the water we swim in.”
“We use very specific economic models from the 1900s, in which the worker loses...