Friday, Jun 25, 2010
Austerity or stimulus - who benefits?
The Real News Network: G20: Doves on finance reform, hawks on austerity
Rob Johnson: discusses some deep issues about Austerity or stimulus an that the real cause of massive debt was caused by finance sector, not people's social programs
Posted by the number cruncher @ 09:03 PM (375 views) Add Comment
2 Comments
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1. Rental John said...
carrot and stick?....banks get the carrot, we get stick!
2. Daopig said...
I remember reading that the UK was haemorrhaging manufacturing jobs at frightening rate during the Labour term. Nothing was done, I suspect the City was leant on to provide finance for alternative investment but with the government picking winners, this investment was never going to find it's way into virtuous hands. I don't think it is fair to just lump the problem with the extend-and-pretend brigade. They were the agents. Government is ultimately responsible?