Politics in the Age of Austerity

Politics in the Age of Austerity In a world of increasing austerity measures democratic politics comes under pressure With the need to consolidate budgets and to accommodate financial markets the responsiveness of governments to vo

  • Title: Politics in the Age of Austerity
  • Author: Wolfgang Streeck Armin Schäfer
  • ISBN: null
  • Page: 258
  • Format: Paperback
  • In a world of increasing austerity measures, democratic politics comes under pressure With the need to consolidate budgets and to accommodate financial markets, the responsiveness of governments to voters declines However, democracy depends on choice Citizens must be able to influence the course of government through elections and if a change in government cannot translIn a world of increasing austerity measures, democratic politics comes under pressure With the need to consolidate budgets and to accommodate financial markets, the responsiveness of governments to voters declines However, democracy depends on choice Citizens must be able to influence the course of government through elections and if a change in government cannot translate into different policies, democracy is incapacitated.Many mature democracies are approaching this situation as they confront fiscal crisis For almost three decades, OECD countries have in fits and starts run deficits and accumulated debt As a result, an ever smaller part of government revenue is available today for discretionary spending and social investment and whichever party comes into office will find its hands tied by past decisions The current financial and fiscal crisis has exacerbated the long term shrinking government discretion projects for political change have lost credibility Many citizens are aware of this situation they turn away from party politics and stay at home on Election Day.With contributions from leading scholars in the forefront of sociology, politics and economics, this timely book will be of great interest to students and scholars throughout the social sciences as well as general readers.

    One thought on “Politics in the Age of Austerity”

    1. Many see the leading economies in the world as living in an age of austerity, bedeviled by a residue of economic problems from the past. This volume explores the politics of austerity.The first, introductory chapter lays things out. We see an increase in government debt, falling voter turnout, and the link between debt and democracy.Subsequent chapters explore such issues as the decline in democratic capacity to govern as a result of economic challenges, tax competition and its political repercu [...]

    2. A really interesting set of essays on the future of politics in an age of austerity. Each of the chapters offered some interesting insights but on the whole the book paints a pretty bleak picture of the future. Only one chapter alluded to a heterodox, as opposed to neoclassical approach to viewing the problem, which probably accounts for the very bleak outlook. The only chapter that didn't work for me was the chapter by Offe. The chapter by Mair was insightful and just another reminder of the gi [...]

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