2023-09-28 14:46:10 +00:00
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abstract: 'The 2008 global financial crisis, precipitated by high-risk,
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under-regulated financial practices, is often seen as a singular event.
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The crisis, its recessionary consequences, bank bailouts and the
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adoption of `austerity'' measures can be seen as a continuation of a
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40-year uncontrolled experiment in neoliberal economics. Although public
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spending and recapitalisation of failing banks helped prevent a
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1930s-style Great Depression, the deep austerity measures that followed
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have stifled a meaningful recovery for the majority of populations. In
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the short term, these austerity measures, especially cuts to health and
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social protection systems, pose major health risks in those countries
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under its sway. Meanwhile structural changes to the global labour
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market, increasing under-employment in high-income countries and
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economic insecurity elsewhere, are likely to widen health inequities in
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the longer term. We call for four policy reforms to reverse rising
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inequalities and their harms to public health. First is re-regulating
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global finance. Second is rejecting austerity as an empirically and
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ethically unjustified policy, especially given now clear evidence of its
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deleterious health consequences. Third, there is a need to restore
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progressive taxation at national and global scales. Fourth is a
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fundamental shift away from the fossil fuel economy and policies that
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promote economic growth in ways that imperil environmental
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sustainability. This involves redistributing work and promoting fairer
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pay. We do not suggest these reforms will be politically feasible or
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even achievable in the short term. They nonetheless constitute an
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evidence-based agenda for strong, public health advocacy and practice.'
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affiliation: 'Labonte, R (Corresponding Author), Univ Ottawa, Sch Epidemiol, Dept
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Publ Hlth \& Prevent Med, 850 Peter Morand Crescent, Ottawa, ON K1G 3Z7, Canada.
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Labonte, Ronald, Univ Ottawa, Sch Epidemiol, Dept Publ Hlth \& Prevent Med, 850
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Peter Morand Crescent, Ottawa, ON K1G 3Z7, Canada.
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Stuckler, David, Univ Oxford, Dept Sociol, Oxford, England.'
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author: Labonte, Ronald and Stuckler, David
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author-email: rlabonte@uottawa.ca
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author_list:
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- family: Labonte
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given: Ronald
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- family: Stuckler
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given: David
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da: '2023-09-28'
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doi: 10.1136/jech-2015-206295
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eissn: 1470-2738
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files: []
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issn: 0143-005X
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journal: JOURNAL OF EPIDEMIOLOGY AND COMMUNITY HEALTH
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keywords-plus: FINANCIAL CRISIS; RECESSION
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language: English
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month: MAR
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number: '3'
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number-of-cited-references: '70'
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orcid-numbers: Stuckler, David/0000-0002-1288-8401
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pages: 312-318
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papis_id: d8a1917704075af42b8c152b7f3bbd87
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ref: Labonte2016riseneoliberalism
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researcherid-numbers: 'Stuckler, David/H-2261-2012
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Labonte, Ronald/G-4229-2011
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'
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times-cited: '95'
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title: 'The rise of neoliberalism: how bad economics imperils health and what to do
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about it'
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000369963400018
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usage-count-last-180-days: '0'
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usage-count-since-2013: '41'
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volume: '70'
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web-of-science-categories: Public, Environmental \& Occupational Health
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year: '2016'
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