How Does Austerity Politics Weaken Democracy?

How Does Austerity Politics Weaken Democracy? Subtitle

Since the introduction of neoliberal policies under Thatcher and Reagan many countries worldwide have implemented austerity politics that dismantled social security programs by cutting public funding. Our guest today, the renowned British economist, Lord Robert Skidelsky has argued that liberal democracy rests on a welfare state, so that austerity politics and the rise of populism in the West are interlinked. So this time we ask: can liberal democracy co-exist with a politics austerity?