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The Bitter Pill: Austerity, Debt, And The Attack On Europe's Welfare States, Howard Karger

The Journal of Sociology & Social Welfare

There is a general belief among may European policymakers that the current debt problem in some Eurozone countries is caused by the unsustainable levels of governmental spending required to maintain overly generous welfare state programs, a bloated public sector, overly generous pension levels, state subsidies, and low user fees for services. Their proposed solution lies in implementing stringent austerity measures designed to discipline debt-ridden governments by cutting public budgets, reducing the number of public sector workers, curbing social benefits, and sharply narrowing the scope of the welfare state. Based on a belief in ‘expansionary austerity,’ this approach repudiates a key …