The Guardian's editorial this morning hits the nail on the head:
You cannot cut your way to growth
There are many reasons for this mistaken policy, but a key aspect of it is the zero-sum view of #investment... if the state invests, it 'crowds out' private sector investments.
Only when the state is seen as facilitative & positive will this view become less corrosive.
Before then, we can expect more #austerity & the pious hope the 'confidence fairy' will deliver growth
https://www.theguardian.com/commentisfree/2023/oct/13/the-guardian-view-on-the-austerity-delusion-economies-cannot-cut-their-way-to-growth
Emeritus Prof Christopher May /
npub1hr…f2ktj
2023-10-14 07:29:32
Author Public Key
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2023-10-14 07:29:32Event JSON
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