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asdf32 posted:Friendly reminder: austerity means decreasing the deficit. For those who still don't get it but post in this thread. This definition is so overly simplistic and context-blind as to be worse than useless. It's like you showed up in a thread about racism in the American south and posted "by definition, friend of the family just means ignorant person.  "
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Jul 21, 2015 20:03
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asdf32 posted:Actually that's part of my point. The definition of austerity is broad enough that it doesn't necesarily include context. Definitions don't include context, like EVER. By definition. Context is about where the term is being used. This thread is the context that tells us which meaning we're using. In the context of this thread, it is plainly obvious that we're discussing austerity in terms of bad economies and recovery from recession, not raising taxes in good times. Context shouldn't be a hard concept here.
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Jul 23, 2015 19:25
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asdf32 posted:Yeah and? asdf32 posted:I take exception to the definition where people pretend austerity only means Greek failure. It means Greek failure, British failure and several other kinds of failure in proportion to the severity of the service cuts. The most successful austerity is the least austerity, and the most successful stimulus is the most stimulus.
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Jul 24, 2015 04:01
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asdf32 posted:Austerity prior to the debt crisis would have prevented the debt crisis. Are you playing with definitions again, or are you claiming that countries should cut services when everything is fine in order to prevent theoretical future calamities? It doesn't even make sense since austerity is only austerity in a meaningful sense if it is a variation from the norm. Sane banking regulations would have prevented the world financial crisis. Greece had its own self-made problems, but the current "solutions" are not really about saving Greece, they're about not inconveniencing Germany et al.
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Jul 24, 2015 04:31
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