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It is a political necessity for Labour to offer an alternative to Tory austerity and if they can convince the electorate of its feasibility, it could be a vote winner. Game changer, I'm not too sure.
And BTW, there is no reason why this agenda couldn't be delivered from within the EU, and every reason to suppose their might be more resources to fund it if the UK were to Remain.
Index of Frank's Diaries
Lol pic.twitter.com/IMtJNS8kjl— Kamala Harris is a Cop (@BethLynch2020) November 22, 2019
(No relation to Corbyn's "deal" (Withdrawal Agreement))
Diversity is the key to economic and political evolution.
○ Debt under Conservatives 2010-19
○ How austerity broke Britain - and how we can recover
"Economics is not a binary concept"
○ Big increases in in-work relative poverty rate are about much more than just low pay | IFS |
At the start of the crisis, government debt increased rapidly to 68 percent of the GDP in 2014. The accumulation of debt was mainly on account of state aid granted to financial institutions, falling tax revenues due to the economic downturn, and rising expenditure as a result of mounting unemployment. Recovery did follow after 2014. In 2017, government debt was in compliance with the European ceiling again (60 percent of GDP) for the first time since 2010. At the end of 2017, the Netherlands' government debt stood at 57.1 percent.
○ The Netherlands 10 years after Lehman Brothers
In truth, the problem was more one of pretending that gold standard rigidities regarding monetary policy still applied. That prevented either country from enjoying the potential benefits of the new free floating FX system with respect to domestic policy. The result was forgoing possibly as much as $100 Trillion of potentially available economic activity since 1971. The fact that national policy was dominated by fossil fuel interests and the military industrial complex were the other major impediments to achieving a better future.
"It is not necessary to have hope in order to persevere."
One side lesson from this inquiry is that the Deep State contains some really impressive, principled people. Which is why Trump hates it so much. https://t.co/5at4dcPBMN— Paul Krugman (@paulkrugman) November 21, 2019
One side lesson from this inquiry is that the Deep State contains some really impressive, principled people. Which is why Trump hates it so much. https://t.co/5at4dcPBMN
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