Anti-austerity campaigners in Greece take part in European-wide day of action in 2012. (Image via Twitpic)
Jan 25, 2017
Both the Washington Post (1/22/17) and New York Times (1/22/17) had pieces about declining support for the left in France and the rise of a nationalist right in both Italy and France. Both pieces attributed the rise in support for the right to people losing from globalization, implying that this is some impersonal process that is causing these people to be losers.
In fact, the losers are suffering because of the insistence of the European Union that its members pursue austerity policies. These policies have led to almost a full decade of near-zero per capita GDP growth in France and a drop of more than 10 percent in per capita GDP in Italy. There is nothing inevitable about these policies; they are conscious choices of the political leaders in Europe.
It is incredible that both the Post and Times would neglect to mention the role of austerity in hurting workers. The disgust with elites is understandable.
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Dean Baker
Dean Baker is the co-founder and the senior economist of the Center for Economic and Policy Research (CEPR). He is the author of several books, including "Getting Back to Full Employment: A Better bargain for Working People," "The End of Loser Liberalism: Making Markets Progressive," "The United States Since 1980," "Social Security: The Phony Crisis" (with Mark Weisbrot), and "The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer." He also has a blog, "Beat the Press," where he discusses the media's coverage of economic issues.
Both the Washington Post (1/22/17) and New York Times (1/22/17) had pieces about declining support for the left in France and the rise of a nationalist right in both Italy and France. Both pieces attributed the rise in support for the right to people losing from globalization, implying that this is some impersonal process that is causing these people to be losers.
In fact, the losers are suffering because of the insistence of the European Union that its members pursue austerity policies. These policies have led to almost a full decade of near-zero per capita GDP growth in France and a drop of more than 10 percent in per capita GDP in Italy. There is nothing inevitable about these policies; they are conscious choices of the political leaders in Europe.
It is incredible that both the Post and Times would neglect to mention the role of austerity in hurting workers. The disgust with elites is understandable.
Dean Baker
Dean Baker is the co-founder and the senior economist of the Center for Economic and Policy Research (CEPR). He is the author of several books, including "Getting Back to Full Employment: A Better bargain for Working People," "The End of Loser Liberalism: Making Markets Progressive," "The United States Since 1980," "Social Security: The Phony Crisis" (with Mark Weisbrot), and "The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer." He also has a blog, "Beat the Press," where he discusses the media's coverage of economic issues.
Both the Washington Post (1/22/17) and New York Times (1/22/17) had pieces about declining support for the left in France and the rise of a nationalist right in both Italy and France. Both pieces attributed the rise in support for the right to people losing from globalization, implying that this is some impersonal process that is causing these people to be losers.
In fact, the losers are suffering because of the insistence of the European Union that its members pursue austerity policies. These policies have led to almost a full decade of near-zero per capita GDP growth in France and a drop of more than 10 percent in per capita GDP in Italy. There is nothing inevitable about these policies; they are conscious choices of the political leaders in Europe.
It is incredible that both the Post and Times would neglect to mention the role of austerity in hurting workers. The disgust with elites is understandable.
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