Tweet Even the IMF is now insisting that growth must have priority over continuing austerity, but neither the growth-sayers nor the austerians have yet recognised that the fundamental problem for post-crash capitalism is lack of economic demand. Equity markets have surged in recent weeks, not because the real economy is recovering, but because central banks – [...]
Posts Tagged ‘Investment’
Investment not cuts – Labour needs to deliver a decisive break from austerity
May 20th, 2013 by Ben Folley.Tweet Ed Miliband has a significant opportunity to decidedly shift the terms of the debate on the economy, but to do so he will have to turn Labour policy on its head. The austerity agenda which has dominated the UK’s economic debate since 2010 is increasingly seen as inseparable from a stagnant economy and growing [...]
A budget that ignores reality: ideological and macro-economically hollow
Mar 22nd, 2012 by Ann Pettifor.Tweet Since 2009 the economy has struggled to recover from the mire of a slump caused by the banking sector. But each time economic activity quickens, it hits a series of buffers. These buffers are well known , but denied by the Chancellor: a vast overhang of private debt now slowly being de-leveraged; a banking [...]
Austerity Isn’t Working – time to invest in growth and jobs
Feb 28th, 2012 by Lee Brown.Tweet Austerity isn’t working. The disastrous Tory economic experiment has left the economy stagnating, household incomes falling at their fastest rate in decades and unemployment soaring towards three million. Even by the criteria the government has set itself, that of reducing the deficit, it is failing. The Tories are set to borrow £158 billion more [...]
George Osborne shows he’s learnt nothing from Greece or Ireland
Dec 5th, 2011 by Michael Burke.Tweet The Autumn Statement was widely presented as facing up to harsh realities of slower growth, but with George Osborne offering a series of cunning schemes in order to resolve the crisis. And yet, the stagnation of the British economy is a function of government policy, and plans to increase investment by increasing the credit available to smaller [...]
