Austerity

Manchester & Salford Anarchist Bookfair People's History Museum, Left Bank, Spinningfields, Manchester M3 3ER

Over recent years austerity has become a hot topic amongst the left and in society in general. Some argue there is too much, others that is applied to the wrong areas of the states budget and some advise the state to increase its spending in order to fix the economy. Many on the left explain austerity as an ‘attack on concessions won by the working class’. We think this explanation is insufficient to explain what austerity actually is and what an understanding of austerity can teach us about capitalism and the state in boom and bust.