Private Affluence Public Austerity

Economic Crisis & Democratic Malaise in Canada

Examining Canadian political and economic developments of the twenty-first century, Private Affluence, Public Austerity provides a systematic analysis of the dynamics of Canadian politics in the era of neoliberal globalization. Stephen McBride and Heather Whiteside conclude that, although the last three decades of neoliberal rule are characterized by recurrent crises, the system has proven to be resilient – even in the face of a severe recession. Canada’s “business as usual” approach to the recent financial crisis, an approach that fails to challenge the policies that are fundamental to the system and culpable for the crisis, is striking. Through policies aimed at the dismantling of the welfare state, privatization and the reduction of the state’s economic role – as well as an enthusiastic embrace of globalization and liberalized trade and investment regimes – the legacy of the Canadian political system is one of private affluence, public austerity and democratic decline.

Contributors