Anti-austerity protests
Encyclopedia
This article deals primarily with the phenomenon of opposition to austerity
Austerity
In economics, austerity is a policy of deficit-cutting, lower spending, and a reduction in the amount of benefits and public services provided. Austerity policies are often used by governments to reduce their deficit spending while sometimes coupled with increases in taxes to pay back creditors to...

 measures currently being undertaken worldwide, especially in Europe
2010 European sovereign debt crisis
From late 2009, fears of a sovereign debt crisis developed among investors concerning some European states, intensifying in early 2010 and thereafter.....

.

Anti-austerity protests, chiefly taking the form of massive street protests by those affected by them and some of them also involving a greater or lesser degree of militancy, have happened regularly across various countries, especially on the European continent
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...

, since the onset of the present-day worldwide financial crisis. The phenomena are, collectively, decidedly separate, conceptually, from the austerity measures themselves, even though the enactment of the latter is a prerequisite for the former. This is because they are of the sizes they are; that they cut across age groups (e.g., both students and older workers) and other demographics; that they can incorporate many different types of actions in many different segments of a given country's economy including education
Education
Education in its broadest, general sense is the means through which the aims and habits of a group of people lives on from one generation to the next. Generally, it occurs through any experience that has a formative effect on the way one thinks, feels, or acts...

 funding, infrastructure funding, manufacturing, aviation, social welfare, and many many others; and that the phenomenon of austerity
Austerity
In economics, austerity is a policy of deficit-cutting, lower spending, and a reduction in the amount of benefits and public services provided. Austerity policies are often used by governments to reduce their deficit spending while sometimes coupled with increases in taxes to pay back creditors to...

, when explained by itself, is inadequate to properly encompass the phenomenon of widespread opposition to it, and that opposition's nuances and fluctuations.

Anti-austerity actions are varied, ongoing, and can be either sporadic and loosely-organised or longer-term and tightly-organised. They continue as of the present day. Recent upheavals in Tunisia and in Egypt in 2011 were originally largely anti-austerity and anti-unemployment
Unemployment
Unemployment , as defined by the International Labour Organization, occurs when people are without jobs and they have actively sought work within the past four weeks...

 before turning into wider social revolution
Social revolution
The term social revolution may have different connotations depending on the speaker.In the Trotskyist movement, the term "social revolution" refers to an upheaval in which existing property relations are smashed...

s.

Most recently, the global and still-spreading Occupy movement
Occupy movement
The Occupy movement is an international protest movement which is primarily directed against economic and social inequality. The first Occupy protest to be widely covered was Occupy Wall Street in New York City, taking place on September 17, 2011...

 has arguably been the most noticeable physical enactment of anti-austerity and populist
Populist
Populist may refer to:* A supporter of Populism, a political philosophy urging social and political system change that favours "the people" over "the elites", or favours the common people over the rich and wealthy business owners...

 sentiment.

Background

Austerity
Austerity
In economics, austerity is a policy of deficit-cutting, lower spending, and a reduction in the amount of benefits and public services provided. Austerity policies are often used by governments to reduce their deficit spending while sometimes coupled with increases in taxes to pay back creditors to...

 is mainly noticed by a country when its aspects (usually known as 'cuts') are implemented unilaterally and forcibly (a "hatchet job") rather than through a more careful strategy of creeping normalcy
Creeping normalcy
Creeping normalcy refers to the way a major change can be accepted as the normal situation if it happens slowly, in unnoticed increments, when it would be regarded as objectionable if it took place in a single step or short period...

 wherein such cuts are made to seem reasonable, or at least tolerable. Austerity is usually only referred to by that name when it is part of a sweeping package or packages of reforms that have the openly-admitted effect of great or even complete overhaul of major aspects of a society's socioeconomic core facilities, programs and/or services. Because of this nature, austerity programs in general often are virulently opposed by the populations experiencing them, as they tend to have an impact on the poorest segments of the population. Those who are pro-austerity (who usually refer to the process as "deficit reduction") usually counter that these poorest segments of the population would also suffer the most should a debt crisis
Debt crisis
The debt crisis is the general term for the proliferation of massive state debts relative to tax revenues, especially in reference to Latin American during the 1980s, and the United States and the European Union since the mid-2000s.-See also:...

 occur, an argument rejected by most anti-austerity individuals.

Prior to the 2010 European sovereign debt crisis
2010 European sovereign debt crisis
From late 2009, fears of a sovereign debt crisis developed among investors concerning some European states, intensifying in early 2010 and thereafter.....

, in many situations, austerity programs were implemented by countries that were previously under dictatorial regimes (e.g., Portugal, Greece, Spain), leading to criticism that the citizens are forced to repay the debts of their oppressors. In Greece
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....

, for example, the current austerity measures are popularly viewed as a combination of leftover policies of the 1967-1974 military dictatorship
Military dictatorship
A military dictatorship is a form of government where in the political power resides with the military. It is similar but not identical to a stratocracy, a state ruled directly by the military....

 in that country on the one hand, and the "betrayal" of socialist principles by the current parliamentary-majority Panhellenic Socialist Movement
Panhellenic Socialist Movement
The Panhellenic Socialist Movement , known mostly by its acronym PASOK , is one of the two major political parties in Greece. Founded on 3 September 1974 by Andreas Papandreou, in 1981 PASOK became Greece's first social democratic party to win a majority in parliament.The party is a socialist party...

 on the other hand, due to that party's wholesale enactment of extremely severe austerity measures in the country, which most everyday Greeks conceive of as intensely right-wing in nature, at least when compared to the party's officially-stated core beliefs.

In the present-day enactments of various "austerity budgets", however, a prior history of dictatorship is not necessarily a precondition for the implementation of such a budget by a given government. Examples of countries implementing severe austerity measures without a history of what the world's mainstream media
Mainstream media
Mainstream media are those media disseminated via the largest distribution channels, which therefore represent what the majority of media consumers are likely to encounter...

 would typically consider a 'dictatorship', include the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

 and the Republic of Ireland
Republic of Ireland
Ireland , described as the Republic of Ireland , is a sovereign state in Europe occupying approximately five-sixths of the island of the same name. Its capital is Dublin. Ireland, which had a population of 4.58 million in 2011, is a constitutional republic governed as a parliamentary democracy,...

, the latter of which witnessed its housing market completely (rather than partially as elsewhere) collapse, and the Republic eventually appealing for a massive bailout from the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

, "in exchange for" implementation of a very severe austerity programme. The austerity measures and the terms of the IMF bailout became major aspects of the 2008–2011 Irish financial crisis
2008–2011 Irish financial crisis
The 2008–2011 Irish financial crisis, which had stemmed from the financial crisis of 2008, is a major political and economic crisis in Ireland that is partly responsible for the country falling into recession for the first time since the 1980s...

, and popular anger over these issues played a very major role in the loss of governmental power of Fianna Fáil
Fianna Fáil
Fianna Fáil – The Republican Party , more commonly known as Fianna Fáil is a centrist political party in the Republic of Ireland, founded on 23 March 1926. Fianna Fáil's name is traditionally translated into English as Soldiers of Destiny, although a more accurate rendition would be Warriors of Fál...

 to opposition parties in the 2011 Irish general election. The loss was so complete and so total for Fianna Fáil that many commentators remarked that the results were "historic". Fine Gael
Fine Gael
Fine Gael is a centre-right to centrist political party in the Republic of Ireland. It is the single largest party in Ireland in the Oireachtas, in local government, and in terms of Members of the European Parliament. The party has a membership of over 35,000...

 and the Labour Party
Labour Party (Ireland)
The Labour Party is a social-democratic political party in the Republic of Ireland. The Labour Party was founded in 1912 in Clonmel, County Tipperary, by James Connolly, James Larkin and William X. O'Brien as the political wing of the Irish Trade Union Congress. Unlike the other main Irish...

 entered in to a coalition government
Coalition government
A coalition government is a cabinet of a parliamentary government in which several political parties cooperate. The usual reason given for this arrangement is that no party on its own can achieve a majority in the parliament...

 with one another, and Fine Gael's leaders have vowed to re-negotiate the terms of the IMF bailout so that austerity can be slowed or stopped and the Irish economy can be given a chance to grow again. Sinn Féin
Sinn Féin
Sinn Féin is a left wing, Irish republican political party in Ireland. The name is Irish for "ourselves" or "we ourselves", although it is frequently mistranslated as "ourselves alone". Originating in the Sinn Féin organisation founded in 1905 by Arthur Griffith, it took its current form in 1970...

, which for the first time also won a notable percentage in the election, has called for a nationwide referendum
Referendum
A referendum is a direct vote in which an entire electorate is asked to either accept or reject a particular proposal. This may result in the adoption of a new constitution, a constitutional amendment, a law, the recall of an elected official or simply a specific government policy. It is a form of...

 over whether the bailout agreement should be scrapped altogether, but this suggestion has been met with dismissal by officials.

Austerity in most European countries, including Spain and Italy — where there have been massive anti-austerity protests, wildcat strikes, and union-organized industrial actions of various types at semi-regular intervals since late 2008, earning for the most part massive worldwide media attention — is by no means limited to what could be the 'expected' areas of the economy that might in theory experience direct penalties as a result of gross mismanagement, such as financial institution
Financial institution
In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries...

s. In fact, financial institutions rarely, if ever, truly receive such 'punishment' by a country's government; austerity-like levies could perfectly well be imposed on them for causing, or helping to cause, the crisis that leads to the austerity measures in the first place, but typically are not. Instead, it is argued (chiefly by people engaging in anti-austerity protests, but also some economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...

s as well) that rather than 'punish' the banks and others truly responsible for the crisis, the government is instead 'punishing' regular people for the 'crimes' of others, namely the 'elite' and/or greedy professional money-handlers engaging in market manipulation
Subprime mortgage crisis
The U.S. subprime mortgage crisis was one of the first indicators of the late-2000s financial crisis, characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backed by said mortgages....

.

Examples

  • The current global Occupy movement
    Occupy movement
    The Occupy movement is an international protest movement which is primarily directed against economic and social inequality. The first Occupy protest to be widely covered was Occupy Wall Street in New York City, taking place on September 17, 2011...

    .

  • The May-July 2011 Greek protests, also known as the "Indignant Citizens Movement" or the "Greek indignados", started demonstrating throughout Greece on 25 May 2011; the movement's largest demonstration was on 5 June, with 300,000 people gathering in front of the Greek Parliament, while the organizers put the number to 500,000. The protests lasted for over a month without any violent incidents, while on 29 June 2011, amid a violent police crackdown and accusations of police brutality
    Police brutality
    Police brutality is the intentional use of excessive force, usually physical, but potentially also in the form of verbal attacks and psychological intimidation, by a police officer....

     by international media and Amnesty International
    Amnesty International
    Amnesty International is an international non-governmental organisation whose stated mission is "to conduct research and generate action to prevent and end grave abuses of human rights, and to demand justice for those whose rights have been violated."Following a publication of Peter Benenson's...

    , the square was evacuated but demonstrations continued the next day despite the crackdown; they officially ended on 7 August 2011, but resumed in October.

  • The 2011 Spanish protests
    2011 Spanish protests
    The 2011 Spanish protests, also referred to as the 15-M Movement and the Indignants movement, are a series of ongoing demonstrations in Spain whose origin can be traced to social networks and Real Democracy NOW among other civilian digital platforms and 200 other small associations...

    , whose participants are sometimes referred to as the "indignados", are a series of ongoing anti-austerity demonstrations in Spain
    Spain
    Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...

     that rose to prominence beginning on 15 May 2011; thus, the movement is also sometimes referred to as the May 15 or M-15 movement as well. It is a collection of several different instances of continuous demonstrations countrywide, with a common origin in internet social networks and the Democracia Real Ya
    Democracia real Ya
    ¡Democracia Real YA! , also known as Plataforma Democracia Real Ya! , is a grassroots citizens' organization that was started in March 2011 in Spain, and that by May 15 sparked the political movement of the 2011 Spanish protests, which gained world wide attention and has been inspired by the...

     web presence, along with 200 other small associations.

  • In late March 2011 the Portuguese Prime Minister resigned a few hours after the latest austerity bill he backed was rejected by the rest of government. The government called that particular austerity round unacceptable. In his resignation speech, Jose Socrates expressed concern that an IMF bailout akin to Greece and Ireland would now be unavoidable.

  • In mid-March 2011 the British Medical Association
    British Medical Association
    The British Medical Association is the professional association and registered trade union for doctors in the United Kingdom. The association does not regulate or certify doctors, a responsibility which lies with the General Medical Council. The association’s headquarters are located in BMA House,...

     held an emergency meeting at which it broadly decided to emphatically oppose pending legislation in the British Parliament, the Health and Social Care Bill
    Health and Social Care Bill 2011
    The Health and Social Care Bill 2011 is proposed health care reform legislation introduced in the House of Commons on 19 January 2011. If passed, the Bill would be the most extensive reorganisation of the structure of the National Health Service in England to date. It proposes to abolish NHS...

    , that would overhaul the functioning of the National Health Service
    National Health Service
    The National Health Service is the shared name of three of the four publicly funded healthcare systems in the United Kingdom. They provide a comprehensive range of health services, the vast majority of which are free at the point of use to residents of the United Kingdom...

    . Dr Layla Jader, a public health physician, said: "The NHS needs evolution not revolution - these reforms are very threatening to the future of the NHS. If they go through, our children will look back and say how could you allow this to happen?" And Dr Barry Miller, an anaethetist from Bolton
    Bolton
    Bolton is a town in Greater Manchester, in the North West of England. Close to the West Pennine Moors, it is north west of the city of Manchester. Bolton is surrounded by several smaller towns and villages which together form the Metropolitan Borough of Bolton, of which Bolton is the...

    , added: "The potential to do phenomenal damage is profound. I haven't seen any evidence these proposals will improve healthcare in the long-term." There have also been various grassroots groups of UK citizenry virulently opposing the pending new bill, including NHS Direct Action, 38 Degrees , and the trade union
    Trade union
    A trade union, trades union or labor union is an organization of workers that have banded together to achieve common goals such as better working conditions. The trade union, through its leadership, bargains with the employer on behalf of union members and negotiates labour contracts with...

     Unite
    Unite the Union
    Unite – the Union, known as Unite, is a British and Irish trade union, formed on 1 May 2007, by the merger of Amicus and the Transport and General Workers' Union...

    .

  • One of the United Kingdom
    United Kingdom
    The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

    's most severe austerity measures came into the force of law on 9 December 2010: spending for higher education
    Higher education
    Higher, post-secondary, tertiary, or third level education refers to the stage of learning that occurs at universities, academies, colleges, seminaries, and institutes of technology...

     and tuition subsidies and assistance in English
    England
    England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...

     universities — historically rather substantial in scale — was cut by an astounding total of 80%. That announcement and its implications, which included a near-tripling of student tuition fees from their previous levels up to a new ceiling of £9000/year, led to a huge backlash amongst students who almost immediately took to the streets over various non-sequential days against this announcement, squaring off with police on several occasions including an instance where some students angrily entered the Conservative
    Conservative Party (UK)
    The Conservative Party, formally the Conservative and Unionist Party, is a centre-right political party in the United Kingdom that adheres to the philosophies of conservatism and British unionism. It is the largest political party in the UK, and is currently the largest single party in the House...

     headquarters and smashed windows and destroyed its interior. On the day of the passage of the measure itself, there was an explosion of street violence by enraged students and their allies, especially in London
    London
    London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

    . There is an ongoing law enforcement investigation into, and even active pursuing of, the participants of the violence over the various protest days, with particular attention focusing on the moments when a number of protesters successfully attacked a royal car driving on its way to a London event , although they did not injure its occupants. Shouts of "off with their heads" were reportedly heard. On 25 March 2011, Charlie Gilmour, son of Pink Floyd
    Pink Floyd
    Pink Floyd were an English rock band that achieved worldwide success with their progressive and psychedelic rock music. Their work is marked by the use of philosophical lyrics, sonic experimentation, innovative album art, and elaborate live shows. Pink Floyd are one of the most commercially...

     guitarist David Gilmour
    David Gilmour
    David Jon Gilmour, CBE, D.M. is an English rock musician and multi-instrumentalist who is best known as the guitarist, one of the lead singers and main songwriters in the progressive rock band Pink Floyd. In addition to his work with Pink Floyd, Gilmour has worked as a producer for a variety of...

    , became one of the more high-profile individuals to be officially charged in relation to those events. As a result of these protests, a number of groups formed to combat the austerity measures that began with the cuts to higher education. One such example is Bloomsbury Fightback!, which is a group of radical students and workers in Bloomsbury, London
    Bloomsbury, London
    Bloomsbury is an area of central London between Euston Road and Holborn, developed by the Russell family in the 17th and 18th centuries into a fashionable residential area. It is notable for its array of garden squares, literary connections and numerous cultural, educational and healthcare...

    , centred around the Bloomsbury Colleges in the University of London
    University of London
    -20th century:Shortly after 6 Burlington Gardens was vacated, the University went through a period of rapid expansion. Bedford College, Royal Holloway and the London School of Economics all joined in 1900, Regent's Park College, which had affiliated in 1841 became an official divinity school of the...

     and focusing on organising around education and employment issues, of which many are the result of the austerity measures, .

  • The group UK Uncut
    UK Uncut
    UK Uncut is a United Kingdom-based protest group established in October 2010 to protest against tax avoidance in the UK and to raise awareness about cuts to public services. Various sources have described the group as left-wing in its political orientation...

     is one outgrowth of the anger felt by average citizens at austerity, albeit the group focuses not so much on combating the cuts themselves as on demanding that the rich, rather than the poor, pay the shortfalls causing the austerity in the first place — a sort of "tax the rich" movement. UK Uncut attempts to organise flash mob
    Flash mob
    A flash mob is a group of people who assemble suddenly in a public place, perform an unusual and sometimes seemingly pointless act for a brief time, then disperse, often for the purposes of entertainment, satire, artistic expression...

     protests inside the highest-profile buildings of the businesses of the rich people avoiding tax or paying less than they should.

  • Around the same time as the heating-up of the England protests (but before the passing of the bill), students in Italy occupied the leaning tower of Pisa
    Leaning Tower of Pisa
    The Leaning Tower of Pisa or simply the Tower of Pisa is the campanile, or freestanding bell tower, of the cathedral of the Italian city of Pisa...

     in a similar protest regarding its own educational system.

  • On 27 November 2010, a massive protest against pending austerity took place in Dublin; The Irish Examiner news service also reports on a 7 December 2010 clash around the Dáil where protesters threw smoke bombs and flares at police . Additionally, La Scala
    La Scala
    La Scala , is a world renowned opera house in Milan, Italy. The theatre was inaugurated on 3 August 1778 and was originally known as the New Royal-Ducal Theatre at La Scala...

     in Italy experienced a clash on 8 December 2010 including scuffles with police.

  • More generally, throughout 2009 and 2010, workers and students in Greece and other European countries demonstrated against cuts to pensions, public services and education spending as a result of government
    Government
    Government refers to the legislators, administrators, and arbitrators in the administrative bureaucracy who control a state at a given time, and to the system of government by which they are organized...

     austerity measures. There was a brief airport strike in Spain
    Spain
    Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...

     in December 2010, and assorted brief "general strike"-like actions in France
    France
    The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...

     have taken place, particularly around the very controversial plan of the French government to raise the retirement age from 60 to 62, a proposal which eventually successfully passed.

  • Further protests have since taken place in Greece
    2010–2011 Greek protests
    The 2010–2011 Greek protests are an ongoing series of demonstrations and general strikes taking place across Greece. The protests, which began on 5 May 2010, were sparked by plans to cut public spending and raise taxes as austerity measures in exchange for a bail-out, aimed at solving the...

     and elsewhere
    2011 Portuguese protests
    The 2011 March Portuguese protests, also referred to as the Geração à Rasca protests or Movimento 12 de Março was a series of protests in over 10 cities of Portugal over the economic crisis in Portugal....

    , and look set to continue throughout 2011. There was also a major protest in London
    London
    London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

     by UK groups from across that country on 26 March 2011, centred around a protest call initially made by the Trades Union Congress
    Trades Union Congress
    The Trades Union Congress is a national trade union centre, a federation of trade unions in the United Kingdom, representing the majority of trade unions...

     but subsequently involving many other groups. In general, the UK's round of austerity measures, or "cuts", from April 2011 onward are understood by most of the population to be, as an aggregated phenomenon, the worst withdrawal of public services since those services' foundings, in the early 20th century and the post-World War II
    World War II
    World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...

     era. The coalition government
    Coalition government
    A coalition government is a cabinet of a parliamentary government in which several political parties cooperate. The usual reason given for this arrangement is that no party on its own can achieve a majority in the parliament...

     currently in power in Britain repeatedly reassures the public that these public sector
    Public sector
    The public sector, sometimes referred to as the state sector, is a part of the state that deals with either the production, delivery and allocation of goods and services by and for the government or its citizens, whether national, regional or local/municipal.Examples of public sector activity range...

     cuts will be replaced by a "Big Society
    Big Society
    The Big Society was the flagship policy idea of the 2010 UK Conservative Party general election manifesto. It now forms part of the legislative programme of the Conservative – Liberal Democrat Coalition Agreement. The aim is "to create a climate that empowers local people and communities, building...

    " underpinned by charities, start-up business
    Small business
    A small business is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships...

    es and private enterprise. Critics counter on the one hand that such a model is effective back-door privatisation, and on the other hand that even assuming the "Big Society" is a genuine populist
    Populism
    Populism can be defined as an ideology, political philosophy, or type of discourse. Generally, a common theme compares "the people" against "the elite", and urges social and political system changes. It can also be defined as a rhetorical style employed by members of various political or social...

     initiative, it still fails conceptually, since the very charities and start-up businesses touted in this model are also the ones being severely slashed or eliminated by the new austerity-fuelled economics of the government.

  • Participants in more militant forms of protest engaged in during the 26th March demonstration, who in total only comprised 1,500 people out of the estimated 250,000-500,000 total participants, have been relentlessly attacked by the government as "mindless thugs" with the UK's mainstream media
    Mainstream media
    Mainstream media are those media disseminated via the largest distribution channels, which therefore represent what the majority of media consumers are likely to encounter...

     including the BBC
    BBC
    The British Broadcasting Corporation is a British public service broadcaster. Its headquarters is at Broadcasting House in the City of Westminster, London. It is the largest broadcaster in the world, with about 23,000 staff...

     generally supporting this perception. This remains the case even though the fundamental seriousness of damage thus far remains debatable; much reporting seems to have focused on the smashing of a Santander bank branch's glass entranceway doors by largely anarchist activists, who would have also been behind the simultaneous destruction of several automated teller machine
    Automated teller machine
    An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...

    s and the scrawling of "class war
    Class conflict
    Class conflict is the tension or antagonism which exists in society due to competing socioeconomic interests between people of different classes....

    " in graffiti
    Graffiti
    Graffiti is the name for images or lettering scratched, scrawled, painted or marked in any manner on property....

     on neighbouring walls — rather than destruction of infrastructure
    Infrastructure
    Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...

     such as roads, bridges, schools or homes that would have indisputably comprised terrorism
    Terrorism
    Terrorism is the systematic use of terror, especially as a means of coercion. In the international community, however, terrorism has no universally agreed, legally binding, criminal law definition...

     by any objective measure. There are those who would therefore argue that the activists, even if misguided in their actions, still technically only targeted the institutions (i.e., banks) perceived responsible for the cuts, and did not cross the line into more general mayhem. Nevertheless, the Home Secretary Theresa May
    Theresa May
    Theresa Mary May is a British Conservative politician who is Home Secretary in the Conservative – Liberal Democrat Coalition government. She was elected to Parliament in 1997 as the Member of Parliament for Maidenhead, and served as the Chairman of the Conservative Party, 2003–04...

     vociferously advocates the review by authorities of UK terrorism law to determine whether the Metropolitan Police
    Metropolitan police
    Metropolitan Police is a generic title for the municipal police force for a major metropolitan area, and it may be part of the official title of the force...

     can legally extend their own powers of arrest and detention using those provisions. Talk of the approximately 1,500 people involved in the militant aspects of the anti-cuts march almost totally eclipsed the more general event of up to half a million peaceable, albeit still angry, protesters who say they have very real, very personal grievances against the government's cuts plans.


Perspectives

Economist Richard D. Wolff
Richard D. Wolff
Richard D. Wolff is an American economist, well-known for his work on Marxian economics, economic methodology, and class analysis.- Early and personal life :...

 has stated that instead of cutting government programs and raising taxes, austerity should be attained by collecting from non-profit
Non-profit organization
Nonprofit organization is neither a legal nor technical definition but generally refers to an organization that uses surplus revenues to achieve its goals, rather than distributing them as profit or dividends...

 multinational corporation
Multinational corporation
A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...

s, churches, and private tax-exempt institutions such as universities, which currently pay no taxes at all. Groups like UK Uncut
UK Uncut
UK Uncut is a United Kingdom-based protest group established in October 2010 to protest against tax avoidance in the UK and to raise awareness about cuts to public services. Various sources have described the group as left-wing in its political orientation...

 and the campaigners for a Robin Hood tax
Robin Hood tax
The Robin Hood tax commonly refers to a package of financial transaction taxes , proposed by a campaigning group of civil society NGOs. Campaigners have suggested the tax could be implemented globally, regionally or unilaterally by individual nations...

 argue for a "tax the banks" strategy that is similar, as well as to argue that the banks and corporations severely underpay the taxes they already owe, and need to stop tax-dodging.

There are also those like Nobel Prize
Nobel Prize
The Nobel Prizes are annual international awards bestowed by Scandinavian committees in recognition of cultural and scientific advances. The will of the Swedish chemist Alfred Nobel, the inventor of dynamite, established the prizes in 1895...

 laureate
Laureate
In English, the word laureate has come to signify eminence or association with literary or military glory. It is also used for winners of the Nobel Prize.-History:...

 Paul Krugman
Paul Krugman
Paul Robin Krugman is an American economist, professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University, Centenary Professor at the London School of Economics, and an op-ed columnist for The New York Times...

, who argue that austerity measures tend to be counterproductive when applied to the populations and programs they are usually applied to. This argument holds that austerity measures tend not to revitalize economies by 'getting people off of benefits and back to work,' and similar, but rather that austerity simply depresses economic growth wholesale, which ultimately causes governments to lose more money in tax revenues than they would have if they had not enacted the austerity and instead created jobs and new infrastructure and industries. In countries with already anemic economic growth, austerity can engender deflation which inflates existing debt. This can also cause the country to fall into a liquidity trap
Liquidity trap
A liquidity trap is a situation described in Keynesian economics in which injections of cash into an economy by a central bank fail to lower interest rates and hence to stimulate economic growth. A liquidity trap is caused when people hoard cash because they expect an adverse event such as...

, causing credit markets to freeze up and unemployment to increase. Advocates of these positions point to cases in Ireland and Spain in which austerity measures instituted in response to financial crises in 2009 proved ineffective in combating public debt and the countries got in ever more dire financial straits as 2010 and 2011 progressed.

See also

  • Austerity
    Austerity
    In economics, austerity is a policy of deficit-cutting, lower spending, and a reduction in the amount of benefits and public services provided. Austerity policies are often used by governments to reduce their deficit spending while sometimes coupled with increases in taxes to pay back creditors to...

  • 2010 European sovereign debt crisis
    2010 European sovereign debt crisis
    From late 2009, fears of a sovereign debt crisis developed among investors concerning some European states, intensifying in early 2010 and thereafter.....

  • Clawback
  • Property tax
    Property tax
    A property tax is an ad valorem levy on the value of property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state or a municipality...

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