By Richard Seymour
But opposed to Austerity is going extra – creating a daring theoretical intervention at the query of demanding austerity and growing radical possible choices. starting with an research of present classification formation and dominant ideology, Seymour concerns a choice to fingers, mapping a brand new technique to unite the left.
Along the best way, he tackles the vexed query of attaining social swap, particularly problems with reform and social revolution. In an age characterized through the paucity and inadequacy of mainstream research, opposed to Austerity issues a fashion ahead to restore the left and create a brand new spirit of collective resistance.
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Extra resources for Against Austerity: How We Can Fix the Crisis They Made
But there are rational reasons why those same capitalist democracies sought to constrain public debt during the 1990s, and why they seek to do so now. The problem with austerity as a debt-reduction strategy is not necessarily that it identifies debt as an issue. 8 Secondly, to the extent that debt-reduction is a rational priority, it is not universally so. It is only rational if one accepts that capitalism, and specifically neoliberal capitalism, is the only game in town. And, if one accepts that the interests of elites – businesses and banks – are the most important interests in any national economy.
133–8. 37 Seymour T02680 01 text 37 04/02/2014 09:22 Against Austerity themselves. Capitalists compete, by definition; the system is driven by it. So the capitalist class divides over different sectoral interests, falling roughly into fractions representing – for example – manufacturing, commercial services and financial capital. Labour is increasingly stratified, from the least secure, lowest paid migrant worker to the reasonably well-organised skilled public sector worker. This is to say nothing of what happens when the intersections of gender, race, sexuality, nationality and so on are taken into account.
34 Seymour T02680 01 text 34 04/02/2014 09:22 Class permitting that there are forms of collective organisation that have nothing to do with enterprise. It authorises the perpetuation and expansion of collective forms of organisation that lead to the gradual, ineluctable suppression of capitalist freedom. Which, to neoliberals, does look a great deal like communism. However, Mrs Thatcher’s prohibition on even acknowledging class, denying it any ontological validity whatsoever, has been less successful than the claim that class is either a thing of the past, or not what it used to be.
Against Austerity: How We Can Fix the Crisis They Made by Richard Seymour