Withdrawal of state funding under austerity killed off the guild socialist housing program

Evidence

Within an economic boom and with the benefi t of state support, the building guilds thrived for eighteen months. But the clouds of austerity loomed on the horizon. By July 1921, amid a rollout of monetary austerity, an economic downturn, and a mounting “economy campaign,” the government decided to withdraw all state aid from local authorities, leaving them stripped of the ability to fi nance housing projects, even though less than onefi ft h of the houses urgently required had been built. — Clara E. Mattei, The Capital Order, 445

Categorization

  • XREF: Directly connects to the reader’s core theme of austerity as class weapon — the pattern of the interwar British government strangling state-supported worker organizing through funding withdrawal. — connects to: Postwar state support briefly enabled guild socialism before austerity funds were cut; Fascist austerity dismantled welfare, cut taxes on capital, and banned unions — Clara E. Mattei, Escape from Capitalism, 193

Broader Connections