Not exact matches
Eurozone officials are unanimous that it means a commitment to financial war against labor — to
austerity and yet further
economic shrinkage; to faster privatization selloffs (but not to Russians if they offer higher prices, as Gazprom
did) and hence higher prices for hitherto public utilities; to no rejection of past insider privatization deals to higher value - added taxes on consumers; and to lower pensions for labor.
He said: «We know from all the
economic analysis that's been
done... that an independent Scotland would face enormous added
austerity.
A major factor in Jeremy Corbyn's appeal to voters in the recent leadership election — and potentially to the wider electorate as well — was his brave assertion that
austerity was the wrong response to recession and was
doing absolutely avoidable damage to both
economic performance and social cohesion.
Some small European states such as Latvia, Estonia and Ireland
did manage to re-start their
economic growth while imposing
austerity budgets — but only by ratcheting down their wages and prices, via a big dose of unemployment, until their much - reduced costs sparked an export revival.
Only then
does Corbyn have a chance to deliver his real message about the impact of changes to tax credits, the impact of
austerity measures, the inequity of the housing market and how there is an alternative
economic strategy.»
At a time of
economic austerity and unemployment how
does making 1,500 disabled people redundant fit with the government's determination to force those same disabled people into work and claims that «we're all in this together»?
Could that be something to
do with the Lib Dems» role in ushering these people into power, keeping them there, and buying wholeheartedly into the fiction that the crash was caused by Labour overspending and that
austerity was the only
economic policy option?
As Jeremy Corbyn prepares to mount a defence of his legacy in a fresh leadership campaign, his former
economic adviser Richard Murphy accused him of turning the Party into a protest movement angry at
austerity «with no clue what to
do about it».
The
austerity measures seriously affected the
economic situation for the mid and lower - income classes, measures that the Greek public
did not welcome (Matsaganis et al, 2011, pp.8 - 11).
Increasing consumption based policies would also be helpful so long as they don't go too far and break
economic systems (advocating radical degrowth is tantamount to
austerity and would cause severe systemic fractures).