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<p>A decade before the Great Depression, capital responded to a serious crisis of legitimacy by adopting measures that punished a restive working class through scarcity, argues a new economic history; maintaining hierarchy, not growing the economy, is the objective.</p>
SATURDAY’S National headline regarding the latest complaint from the Scottish Tories about the tax rise for high earners just confirms again where…
<p>Austerity politics isn't simply about balancing government's books; it is a political means of declaring the primacy of capital. </p>
Austerity is a fiction designed to uphold capitalism – and it has a dark history.
Brexit didn’t change the party: austerity was as heartless under Cameron and Osborne as it is under Sunak, says Guardian columnist Aditya Chakrabortty