Friday, June 25, 2010
Austerity or stimulus – who benefits?
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 (829 views)
2 thoughts on “Austerity or stimulus – who benefits?”
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Rental John says:
carrot and stick?….banks get the carrot, we get stick!
Daopig says:
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?