Limerick Book Launch: ‘Austerity Ireland: The Failure of Irish Capitalism’, by Kieran Allen and Brian OBoyle Tuesday November 12th @ 8pm, Railway Hotel, Limerick Blurb: Ireland has been marketed as the poster boy of EU austerity. EU elites and neoliberal commentators claim that the country’s ability to suffer economic pain will attract investors and generate a recovery. The reality, however, is one of continued economic stagnation. Investment in the economy has collapsed and, as long as the government insists that ‘it is not in the business of creating jobs’, the unemployment crisis will persist. The political elite appears to have a semi official policy of encouraging emigration. In Austerity Ireland, Kieran Allen and Brian OBoyle challenge the official image and argues that the Irish states response to the crash has primarily been designed to protect economic privilege. The resulting austerity has been a failure and is likely to produce a decade of hardship. The book offers a wealth of detailed material on the failure of austerity and the transformation of Ireland into a ‘tax haven form of capitalism’. It is a deeply informed and penetrating diagnosis of Irelands current socio-economic and political malaise, suggesting that a political earthquake is underway which may benefit the left. Austerity Ireland is essential reading for all students of Irish politics and economics, as well as those interested in the politics of austerity and the eurozone crisis.
Posted on: Mon, 11 Nov 2013 21:20:54 +0000
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