Quote by Percy Wynham Lewis

So-called austerity, the stoic injunction, is the path towards universal destruction. It is the old, the fatal, competitive path. Pull in your belt is a slogan closely related to gird up your loins, or the guns-butter metaphor.

So-called austerity, the stoic injunction, is the path towar

Summary

This quote suggests that the concept of "austerity" as a solution to economic issues is flawed and detrimental. The idea of tightening one's belt or sacrificing in times of financial difficulty is seen as a destructive and outdated approach. The reference to "girding up your loins" implies a call to prepare for a battle or competition, further highlighting the belief that austerity is rooted in harmful competition. The phrase "guns-butter metaphor" alludes to the idea of prioritizing military spending over social welfare, emphasizing the negative consequences of austerity measures on the general well-being of society.

Topics

Economics

By Percy Wynham Lewis

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