EXTRACT: The Tory and Liberal Democrat ‘master plan’ is in
tatters. Their expectation, or hope, was that by the time of the next
election in 2014 there would be a roaring upturn. Meaning that the
country had gone from pain to economic growth again, thus justifying the
austerity measures and the coalition government’s whole raison d’être.
Look, things are working and we can be generous again. This has already
been shown to be totally illusory. Come the next general election, the
Tories will hardly be popular, while the Liberal Democrats will be
facing a wipe-out.
Everyone can see the danger of a crash, from the IMF to the Financial Times. But instead of solutions from authoritative leaders, there is only short-term expediency - no Marshall Plan no New Deal. Definitely no Keynes. Just walking in front of the train instead. What irrationality. This is tantamount to collective suicide, given the very real danger that in the next recession it will be countries going down - and dragging the banks and other financial institutions down with them.
READ MORE
Everyone can see the danger of a crash, from the IMF to the Financial Times. But instead of solutions from authoritative leaders, there is only short-term expediency - no Marshall Plan no New Deal. Definitely no Keynes. Just walking in front of the train instead. What irrationality. This is tantamount to collective suicide, given the very real danger that in the next recession it will be countries going down - and dragging the banks and other financial institutions down with them.
READ MORE
No comments:
Post a Comment