They "adopt 'automatic stabilizers' to make recessions far less severe and recoveries quicker." They work. They're counter-cyclical. Austerity makes bad conditions worse.
Applebaum equates it with "moral superiority." The greater the amount, the higher the level of morality. It explains her reveling in "savage cuts." She "delight(s) in gore."
She believes moral superiority depends on how much harm can be imposed on society's most disadvantaged. Notions this destructive reflect Frankenstein economics.
Pain is good, the more the better. Wealthy elites love it. All the more for them. British politics is like America's. Democrats don't differ from Republicans. Tories and New Labour replicate each other's policies. Let-em-eat cake is dogma.
Britannia's ship of state is sinking. So is the American dream. For most, it was largely an illusion. Now it's disappearing entirely.
"Applebaum also combines faux moral superiority with faux history." She uses it "to explain the moral virtues of austerity during a Great Recession."
What on earth did Yale and LSE teach her? Best to send your children elsewhere, affordability issues aside.
Claiming austerity has appeal for UK politicians and won the war is rubbish. Millions are left unemployed. They're forced to get by on their own sink or swim. "It is pure economic waste and a terrible social harm that devastates families," said Black.