"Right-wing calls for austerity suggest more than a market-driven desire to punish the poor, working class and middle class by distributing wealth upwards to the 1%. They also point to a politics of disposability in which the social provisions, public spheres and institutions that nourish democratic values and social relations are being dismantled, including public and higher education. Neoliberal austerity policies embody an ideology that produces both zones of abandonment and forms of social and civil death while also infusing society with a culture of increasing hardship. It also makes clear that the weapons of class warfare do not reside only in oppressive modes of state terrorism such as the militarization of the police, but also in policies that inflict misery, immiseration and suffering on the vast majority of the population.
Capitalism has learned to create host organisms and in the current historical conjuncture one of those organisms is young people, who are forced to live under the burden of crushing debt. Moreover in the midst of a widening inequality in wealth, income and power, workers, single mothers, youth, immigrants and poor people of color are being plunged into either low-paying jobs or a future without decent employment. For the sick and elderly, it means choosing between food and medicine. Austerity now drives an exchange relationship in which the only value that matters is exchange value and for students that means paying increased tuition that generates profits for credit companies while allowing the state to lower taxes on the rich and mega corporations.
Under this regime of widening inequality that imposes enormous constraints on the choices that people can make, austerity measures function as a set of hyper-punitive policies and practices that produce massive amounts of suffering, rob people of their dignity and then humiliate them by suggesting that they bear sole responsibility for their plight. This is more than the scandal of a perverted form of neoliberal rationality; it is the precondition for an emerging authoritarian state with its proliferating extremist ideologies and its growing militarization and criminalization of all aspects of everyday life and social behavior. Richard D. Wolff has argued that “Austerity is yet another extreme burden imposed on the global economy by the capitalist crisis (in addition to the millions suffering unemployment, reduced global trade, etc.).” He is certainly right, but it is more than a burden imposed on the 99%; it is the latest stage of market warfare, class consolidation and a ruthless grab for power waged on the part of the neoliberal, global, financial elite who are both heartless and indifferent to the mad violence and unchecked misery they impose on much of humanity..."
Read full article atTruthdig