Abstract:
In this cover article for In These Times, James Crotty asks, “How is it that a right-wing coalition is closer to destroying social democracy in America than at any time since its emergence in the 1930s?” He questions the popular wisdom that the right-wing has a history of fiscal conservatism, and the media narrative that has resulted from that assumption, and places the roots of the crisis back in the 1920s. Crotty looks ahead at political and policy routes to stability and growth that don’t rely on a war of austerity against the poor, the middle class, the sick and the elderly.

>> Download James Crotty’s more complete version of these arguments, “The Great Austerity War”