Investment over Austerity
The Austerity Delusion – Paul Krugman “For whatever the politics, the economics of austerity are no different in Britain from what they are in the rest of the advanced world. Harsh austerity in depressed economies isn’t necessary, and does major damage when it is imposed. That was true of Britain five years ago – and it’s still true today.”
Austerity is a political choice not an economic necessity. Despite many call for increased public investment over austerity (OECD calls for less austerity and more public investment) the government have stuck to their ideology to the detriment of our economy.
Jeremy Corbyn Pledge – Full employment and an economy that works for all: “We will create a million good quality jobs across our regions and nations and guarantee a decent job for all. By investing in infrastructure, manufacturing and new industries through a publicly-owned National Investment Bank and regional banks we will build a high skilled, high tech, low carbon economy that ends austerity and leaves no community behind. We will invest in the high speed broadband, energy, transport and homes that our country needs and allows good businesses to thrive, and support a new generation of co-operative enterprises.”
The People’s Assembly, a campaign organisation and movement against cuts and privatisation is leading the drive to mobilise people who are victims of the damaging austerity measures.
Political scientist and veteran global justice activist Susan George talks about her new book, How to Win the Class War, a satire on the wealthiest 1%.