Why Sunak and Biden are not Keynes, Corbyn or McDonnell

25th March 2021 shoreditchadmin2 0

Austerity measures are integral to the current economic policies of the US and UK. They amount to an all-round attack on wages and the social wage while there is a temporary boost to demand. That is why it is extremely foolish and misleading to compare them to the policies of Corbyn, McDonnell or Keynes.

The Tories are attempting something even Thatcher and austerity could not achieve

12th November 2020 shoreditchadmin2 0

The government of an advanced industrialised country may choose to engineer a sharp rise in unemployment in an attempt to restore profitability, or it may choose to try to cut wages. But both stratagems entail high risk. Combining the two is exceptionally high risk. Under the cloak of the public health crisis which their own policies have helped to create, the current government is attempting such a strategy.