A pair of British authors is set to release a new book next month detailing the adverse health consequences of economic austerity on the citizens of nations who implement such programs. In The Body Economic: Why Austerity Kills, political economist David Stuckler and the physician-epidemiologist Sanjay Basucite examples from recent history and longer ago of where government reaction to economic shocks has had a positive and negative impact on health. To demonstrate that governments’ austerity measures are costing lives, the authors point to soaring suicide rates, rising HIV infections and even a malaria outbreak.
What’s the Big Idea?
The authors of the new work argue that ill-health is by no means a necessary consequence of an economic recession, even a slump as big as the world has experienced for more than five years. “Ultimately, what we show is that worsening health is not an inevitable consequence of economic recessions; it’s a political choice. Austerity is bad for your health. But there is another way. In this book, we show how a new New Deal could work to improve economies and our nations’ health.” In Sweden, where suicide rates fell during the recession, the authors credit strong labor-market programs.
The use of algorithms to find patterns in massive amounts of data, executing trading decision based upon the frequency of certain keywords across millions and millions of messages, is becoming more frequent.