Daily quote by Austerity

• When I refer to a crisis of capitalism, I do not mean an economic crisis—say, slowdown in growth or an uptick in inflation. Capitalism is in crisis when its core relationship (the sale of production for profit) and its two enabling pillars (private property in the means of production and wage relations between owners and workers) are contested by the public, in particular by the workers who make capitalism run. As part of these expressions of unhappiness, people have historically demanded alternative forms of social organization. indeed . . . austerity's primary utility over the last century has been to silence such calls and foreclose alternatives to capitalism. Mostly austerity serves to quash public outcry and worker strikes—not, as is advertised, to spontaneously improve country's economic indicators by practicing greater economic discipline.
  • Clara E. Mattei, The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism. University of Chicago Press (2022). ISBN 978-0226818399 pp. 3-4