by Summary:
Neoliberals are lining up another round of futile austerity for the post coronavirus world - hitting the low-paid, senior citizens and the vulnerable. Austerity is in their DNA and people must say no. Remember the last banking crash, caused by reckless risk-taking, fraud and speculation by banks? The UK government bailed them out by providing guarantees and cash outlays of £1,162bn and quantitative easing of another £435bn. Very few bankers faced any retribution. Instead, the government punished innocent people by imposing a never-ending austerity, wage freezes, reducing investment in the National Health Service and care homes and cutting funding for local authorities, housing and social security benefits. The erosion of people’s purchasing power ensured that the economy remained flat,
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Neoliberals are lining up another round of futile austerity for the post coronavirus world - hitting the low-paid, senior citizens and the vulnerable.Neoliberals are lining up another round of futile austerity for the post coronavirus world - hitting the low-paid, senior citizens and the vulnerable. Austerity is in their DNA and people must say no. Remember the last banking crash, caused by reckless risk-taking, fraud and speculation by banks? The UK government bailed them out by providing guarantees and cash outlays of £1,162bn and quantitative easing of another £435bn. Very few bankers faced any retribution. Instead, the government punished innocent people by imposing a never-ending austerity, wage freezes, reducing investment in the National Health Service and care homes and cutting funding for local authorities, housing and social security benefits. The erosion of people’s purchasing power ensured that the economy remained flat,
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Mike Norman considers the following as important:
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Austerity is in their DNA and people must say no.
Remember the last banking crash, caused by reckless risk-taking, fraud and speculation by banks?
The UK government bailed them out by providing guarantees and cash outlays of £1,162bn and quantitative easing of another £435bn. Very few bankers faced any retribution. Instead, the government punished innocent people by imposing a never-ending austerity, wage freezes, reducing investment in the National Health Service and care homes and cutting funding for local authorities, housing and social security benefits.
The erosion of people’s purchasing power ensured that the economy remained flat, homelessness increased, inequalities widened and foodbank queues lengthened. Yet no lessons have been learnt.
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