Anti-austerity movement

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The anti-austerity movement refers to the mobilisation of street protests and grassroots campaigns that has happened across various countries, especially in Europe, since the onset of the worldwide Great Recession.

Contents

Anti-austerity actions are varied and ongoing, and can be either sporadic and loosely organised or longer-term and tightly organised. They continue as of the present day. The global Occupy movement has arguably been the most noticeable physical enactment of anti-austerity and populist sentiment.

Political impact

100,000 anti-austerity protesters in front of the Greek parliament in 2011 2011 Greece Uprising.jpg
100,000 anti-austerity protesters in front of the Greek parliament in 2011

Since the onset of the economic recession in Europe, the political establishment response has increasingly focused on austerity: attempts to bring down budget deficits and control the rise of debt. [1] The anti-austerity movement has responded by giving rise to a wave of anti-establishment political parties. [2] Opposition to austerity is seen as the force behind the rise of Podemos in Spain, Italy's Five Star Movement and the Syriza party in Greece. [3]

Ahead of the Scottish independence referendum in 2014, the Scottish Government pledged to end austerity in an independent Scotland. [4]

Economist Thomas Piketty welcomed the political reaction to austerity, saying the rise of anti-austerity parties is "good news for Europe". According to Piketty, European countries tried to get rid of their deficits too quickly, resulting in a situation where "their citizens have suffered the consequences in the shape of austerity policies. It's good to reduce deficits, but at a rate that's commensurate with growth and economic recovery, but here growth has been killed off." [5]

Examples

Flag commonly used in demonstrations against austerity in Quebec in 2015 and 2016 Anti-austerity movement Montreal Quebec 2016.jpg
Flag commonly used in demonstrations against austerity in Quebec in 2015 and 2016
Anti-austerity march in London, 2017 Anti-austerity march - JPS 2563a-sm 2017 july 35630694256.jpg
Anti-austerity march in London, 2017

Perspectives

Some economists, like Nobel Prize winning Princeton economist Paul Krugman, argue that austerity measures tend to be counterproductive when applied to the populations and programs they are usually applied to. [49] The fact that the political sphere has been so heavily influenced by a paper known as "Growth in a Time of Debt" based on flawed methodology has led Krugman to argue: [50]

What the Reinhart–Rogoff affair shows is the extent to which austerity has been sold on false pretenses. For three years, the turn to austerity has been presented not as a choice but as a necessity. Economic research, austerity advocates insisted, showed that terrible things happen once debt exceeds 90 percent of G.D.P. But "economic research" showed no such thing; a couple of economists made that assertion, while many others disagreed. Policy makers abandoned the unemployed and turned to austerity because they wanted to, not because they had to.

In October 2012, the International Monetary Fund announced that its forecasts for countries which implemented austerity programs have been consistently overoptimistic. [51]

Related Research Articles

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<span class="mw-page-title-main">Austerity</span> Economic policies intended to reduce government budget deficits

In economic policy, austerity is a set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both. There are three primary types of austerity measures: higher taxes to fund spending, raising taxes while cutting spending, and lower taxes and lower government spending. Austerity measures are often used by governments that find it difficult to borrow or meet their existing obligations to pay back loans. The measures are meant to reduce the budget deficit by bringing government revenues closer to expenditures. Proponents of these measures state that this reduces the amount of borrowing required and may also demonstrate a government's fiscal discipline to creditors and credit rating agencies and make borrowing easier and cheaper as a result.

<span class="mw-page-title-main">Student protest</span> Wide range of activities that indicate student dissatisfaction

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<span class="mw-page-title-main">Occupation (protest)</span> Type of protest

As an act of protest, occupation is a strategy often used by social movements and other forms of collective social action in order to squat and hold public and symbolic spaces, buildings, critical infrastructure such as entrances to train stations, shopping centers, university buildings, squares, and parks. Opposed to a military occupation which attempts to subdue a conquered country, a protest occupation is a means to resist the status quo and advocate a change in public policy. Occupation attempts to use space as an instrument in order to achieve political and economic change, and to construct counter-spaces in which protesters express their desire to participate in the production and re-imagination of urban space. Often, this is connected to the right to the city, which is the right to inhabit and be in the city as well as to redefine the city in ways that challenge the demands of capitalist accumulation. That is to make public spaces more valuable to the citizens in contrast to favoring the interests of corporate and financial capital.

<span class="mw-page-title-main">2000s European sovereign debt crisis timeline</span>

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<span class="mw-page-title-main">2010 United Kingdom student protests</span> Public demonstrations against education funding cuts

The 2010 United Kingdom student protests were a series of demonstrations in November and December 2010 that took place in several areas of the country, with the focal point of protests being in central London. Largely student-led, the protests were held in opposition to planned spending cuts to further education and an increase of the cap on tuition fees by the Conservative–Liberal Democrat coalition government following their review into higher education funding in England. Student groups said that the intended cuts to education were excessive, would damage higher education, give students higher debts, and broke campaign promises made by politicians.

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<span class="mw-page-title-main">Anti-austerity movement in the United Kingdom</span> Early 2011 series of major demonstrations

The anti-austerity movement in the United Kingdom saw major demonstrations throughout the 2010s in response to Conservative-Liberal Democrat coalition government's austerity measures which saw significant reductions in local council budgets, increasing of university tuition fees and reduction of public spending on welfare, education, health and policing, among others. Anti-austerity protests became a prominent part of popular demonstrations across the 2010s, particularly the first half of the decade.

<span class="mw-page-title-main">2011 London anti-cuts protest</span> Anti-austerity demonstration in central London on 26 March 2011

The 2011 anti-cuts protest in London, also known as the March for the Alternative, was a demonstration held in central London on 26 March 2011. Organised by the Trades Union Congress (TUC), it was a protest march against planned public spending cuts by the Conservative-Liberal Democrat coalition government that was formed in May 2010.

<span class="mw-page-title-main">United Kingdom government austerity programme</span> Fiscal policy

The United Kingdom government austerity programme was a fiscal policy that was adopted for a period in the early 21st century following the Great Recession. Coalition and Conservative governments in office from 2010 to 2019 used the term, and it was applied again by many observers to Conservative policies from 2021 to 2024, during the cost of living crisis. With the exception of the Truss ministry, the governments in power over the second period did not formally re-adopt the term. The two austerity periods are separated by increased spending during the COVID-19 pandemic. The first period was one of the biggest deficit reduction programmes seen in any advanced economy since the Second World War, with the emphasis on shrinking the state, rather than fiscal consolidation as was more common elsewhere in Europe.

<span class="mw-page-title-main">Anti-austerity movement in Ireland</span>

The anti-austerity movement in Ireland saw major demonstrations from 2008 to 2015.

The National Campaign Against Fees and Cuts (NCAFC) or Student Left Network is a membership-based organisation of activist students and education workers campaigning against tuition fees, education cuts and privatisation in the United Kingdom.

<span class="mw-page-title-main">People's Assembly Against Austerity</span> UK advocacy group

The People's Assembly Against Austerity is a political organisation based in the United Kingdom that was originally set up to end and reverse the country's government-instituted austerity programme.

<span class="mw-page-title-main">Greek government-debt crisis timeline</span>

The Greek government-debt crisis began in 2009 and, as of November 2017, was still ongoing. During this period, many changes had occurred in Greece. The income of many Greeks has declined, levels of unemployment have increased, elections and resignations of politicians have altered the country's political landscape radically, the Greek parliament has passed many austerity bills, and protests have become common sights throughout the country.

This article details the fourteen austerity packages passed by the Government of Greece between 2010 and 2017. These austerity measures were a result of the Greek government-debt crisis and other economic factors. All of the legislation listed remains in force.

<span class="mw-page-title-main">Anti-austerity movement in Spain</span> Protests in Spain that started in 2011

The anti-austerity movement in Spain, also referred to as the 15-M Movement, and the Indignados Movement, was a series of protests, demonstrations, and occupations against austerity policies in Spain that began around the local and regional elections of 2011 and 2012. Beginning on 15 May 2011, many of the subsequent demonstrations spread through various social networks such as Real Democracy NOW and Youth Without a Future.

<span class="mw-page-title-main">Anti-austerity movement in Greece</span> 2010–12 civil unrest over the government debt crisis and resulting policies

The anti-austerity movement in Greece involved a series of demonstrations and general strikes that took place across the country. The events, which began on 5 May 2010, were provoked by plans to cut public spending and raise taxes as austerity measures in exchange for a €110 billion bail-out, aimed at solving the Greek government-debt crisis. Three people were killed on 5 May in one of the largest demonstrations in Greece since 1973.

<span class="mw-page-title-main">Blockupy movement</span> Movement protesting against austerity

Blockupy is a movement protesting against austerity. The Blockupy alliance includes trade unions and Germany's Linkspartei.

<span class="mw-page-title-main">2015–2016 Quebec protests</span> Protest movement

The Quebec protests of 2015–2016 is a protest movement that began on March 21, 2015 in Quebec, in the context of what some student associations, left-wing groups, columnists qualify as social strikes, to denounce the budget restriction measures adopted by the Philippe Couillard government. 130,000 students are on strike during the first national demonstration on April 2, 2015, including 55,000 on general strike. Like the 2012 Quebec student protests, the movement was initiated by students and encompassed various issues, particularly that of public finances.

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