pw201 + austerity   2

In Britain, Austerity Is Changing Everything - The New York Times
"Whatever the operative thinking, austerity’s manifestations are palpable and omnipresent. It has refashioned British society, making it less like the rest of Western Europe, with its generous social safety nets and egalitarian ethos, and more like the United States, where millions lack health care and job loss can set off a precipitous plunge in fortunes."
money  poverty  austerity  politics 
june 2018 by pw201
The austerity delusion | Paul Krugman | Business | The Guardian
"It has been astonishing, from a US perspective, to witness the limpness of Labour’s response to the austerity push. Britain’s opposition has been amazingly willing to accept claims that budget deficits are the biggest economic issue facing the nation, and has made hardly any effort to challenge the extremely dubious proposition that fiscal policy under Blair and Brown was deeply irresponsible – or even the nonsensical proposition that this supposed fiscal irresponsibility caused the crisis of 2008-2009."
austerity  economics  deficit  debt  paul-krugman  politics  labour 
april 2015 by pw201

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