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Clara E. Mattei
More books by Clara E. Mattei…
“the state extracting money from the working classes was the key to capital accumulation.”
― The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism
― The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism
“This spiral has a self-sustaining effect: peoples’ increased demand supports their own employment, since their purchases deplete the stock of goods; merchants thus place more orders, inducing producers to increase production by hiring more workers.34 In this sense, employment and higher wages are seen not as an achievement of economic progress but as a threat to the standard of value.”
― The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism
― The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism
“Austerity a) re-naturalizes the capitalist pillars of private property and wage relations; b) denies the political and economic agency of workers; c) vindicates the priority of top-down economic science; and d) reasserts the divide between the economic and the political.”
― The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism
― The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism
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