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Why do you think austerity is primarily about consuming less?

Austerity is primarily about redistributing political power towards rentiers away from workers and the middle classes, and about running national budgets like a kitchen budget.

Some austerians are perfectly capable of believing that austerity is actually expansionary in a general sense.

Others only care that it's expansionary for 'investors' - which it often is.

Neither position is about intelligent conservation of scarce resources, or about innovating to work around the need for conservation.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Jan 25th, 2012 at 11:26:59 AM EST
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