Hywel

“What are the health effects of the choice between austerity and stimulus? Today there is a vast natural experiment being conducted on the body economic. It is similar to the policy experiments that occurred in the Great Depression, the post-communist crisis in eastern Europe, and the East Asian Financial Crisis. As in those prior trials, health statistics from the Great Recession reveal the deadly price of austerity—a price that can be calculated not just in the ticks to economic growth rates, but in the number of years of life lost and avoidable deaths.

Had the austerity experiments been governed by the same rigorous standards as clinical trials, they would have been discontinued long ago by a board of medical ethics. The side effects of the austerity treatment have been severe and often deadly. The benefits of the treatment have failed to materialize. Instead of austerity, we should enact evidence-based policies to protect health during hard times. Social protection saves lives. If administered correctly, these programs don’t bust the budget, but—as we have shown throughout this book—they boost economic growth and improve public health.

Austerity’s advocates have ignored evidence of the health and economic consequences of their recommendations. They ignore it even though—as with the International Monetary Fund—the evidence often comes from their own data. Austerity’s proponents, such as British Prime Minister David Cameron, continue to write prescriptions of austerity for the body economic, in spite of evidence that it has failed.

Ultimately austerity has failed because it is unsupported by sound logic or data. It is an economic ideology. It stems from the belief that small government and free markets are always better than state intervention. It is a socially constructed myth—a convenient belief among politicians taken advantage of by those who have a vested interest in shrinking the role of the state, in privatizing social welfare systems for personal gain. It does great harm—punishing the most vulnerable, rather than those who caused this recession.”
― David Stuckler, The Body Economic: Why Austerity Kills

“In reality it was just what is usually
seen in the houses of people of moderate
means who want to appear rich, and therefore succeed only in resembling others
like themselves: there are damasks,
dark wood, plants, rugs, and dull and
polished bronzes -- all the things people of
a certain class have in order to
resemble other people of that class. His
house was so like the others that it
would never have been noticed, but to him it
all seemed to be quite exceptional.”
― Leo Tolstoy, The Death of Ivan Ilych

“False. Everything by which you have lived and live now is all a deception, a lie, concealing both life and death from you.”
― Leo Tolstoy, The Death of Ivan Ilych

“I was cursing and swearing at you because of that address, I hated you already because of the lies I had told you. Because I only like playing with words, only dreaming, but, do you know, what I really want is that you should all go to hell. That is what I want. I want peace; yes, I'd sell the whole world for a farthing, straight off, so long as I was left in peace. Is the world to go to pot, or am I to go without my tea? I say that the world may go to pot for me so long as I always get my tea.”
― Fyodor Dostoyevsky, Notes from Underground, White Nights, The Dream of a Ridiculous Man, and Selections from The House of the Dead