Austerity Ireland: The Failure of Irish Capitalism

Ireland has been marketed as the poster boy of EU austerity. EU elites and neoliberal commentators claim that the country’s ability to suffer economic pain will attract investors and generate a recovery.

In Austerity Ireland, Kieran Allen challenges this official image and argues that the Irish state’s response to the crash is typical of the Eurozone countries, serving to protect the economic privilege of the powerful, to the detriment of the middle and working classes. Looking at the various ways we could consider this austerity period a failure, including transforming Ireland into a tax haven and contributing to serious levels of unemployment, Allen reveals the extent of Ireland’s current socio-economic and political malaise, suggesting that it may have created furtile ground for a leftist resurgence.