The Politics of Austerity

The book examines the intricate relationship between public spending and deficits, especially in light of the fiscal crash of 2007/08 and the ensuing Great Recession. It highlights the mixed results of austerity measures implemented by governments in the UK, USA, and Europe, analyzing historical examples of deficit reduction from the 1970s to 2016. Through case studies across various regions, the author argues that with an aging population increasing financial pressures, long-term austerity may become a necessary reality for developed nations.