Pro-austerity monolith starts to fracture

9th May 2013 Socialist Action 0

by Nicky Dempsey

The near-unanimous support for austerity policies in the ruling classes of the main capitalist powers is showing signs of strain. This is not because there is some recognition of the social and economic damage from the crisis, nor because of the valiant level of social resistance in some countries, or even because of the entry of populist and other unpredictable parties of the right.