Austerity as they say, would reduce social spending and increased taxes. This would mean governments clearly steering off from their social responsibility, of creating a neutral environment. For all the sections of the society to prosper and grow.
As a knee jerk reaction to austerity would be increasing privatisation. Without doubt the economic crisis have already resulted in diminishing of morals among business men. This would further lead to a new social unrest and new definition of Slavery , Imperialism , Democracy and Modern.
Signs of this has started showing off:
- Britain wants to review its NHS.
- India one of the BRICS crushes peaceful protest. Not only this turns the media against the same people. Justifying their act.
- US of the A is already on roll, of its newly found definition of imperialism.
Though this might sound naive but we have to start from basics, and up keep of morals and human values.