On this week’s episode of On Contact, Chris Hedges sits down with economist Mark Blyth to discuss the detrimental ramifications of austerity programs following the 2008 financial crisis. Professor Blyth, author of Austerity: The History of a Dangerous Idea, addresses the political effects of the spending cuts and considers why the elites will not take responsibility for the fallout, while RT Correspondent Anya Parampil examines the impact austerity measures have had on America’s working class and poor since 2008.