British austerity, a nation-wide restructuring exercise

The UK Prime Minister, David Cameron, finally tells us the truth (which was already evident to everybody anyway): austerity means a nation-wide restructuring exercise to go on for many years, and that is radically and irreversibly changing Britain into a much more (unequal) market-driven elitist society, where few will have lots of capital and other social and knowledge resources, and most will have to scramble at the margins to get by, both in terms of material security and spaces for psychological freedom and autonomy. More alienating work, less pay. Very few will be able to earn a living by pursuing what they really wanted and worked hard for. It still escapes me how this is supposed to remain one of the “freest” and most prosperous democracies on earth.

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