We are not a liberal democracy but a liberal capitalist democracy and the most important part of that phrase is ‘capitalist’. It is the capitalists who set the limits of liberalism’s and democracy’s scope.
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Austerity
Larry Elliot: Austerity is the wrong prescription for the world’s wellbeing
Findings about the impact of a course of heavy-duty cuts on life expectancy make grim reading Read here
Economics
Michael Roberts: From Communism to Activism?
A good marxist piece confirming that the class conflict has not disappeared, even when it is given modish new names Read here
Austerity
Simon Wren-Lewis: The Media and Attitudes to Austerity
Why was austerity popular? “Many people would argue that the macroeconomic case for fiscal stimulus was complex, while simple analogies between governments and households were easier to grasp. However I have also argued that the […]
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