Protest brings tens of thousands into the streets, but are such mobilizations enough to stop the cuts?
Posts tagged ‘United Kingdom’
Big London Protests Against Austerity
by The Editors, posted on Wednesday, October 24th, 2012 at 3:39 pmBritain’s Unions Bring London to a Standstill
by n0madic, posted on Monday, October 22nd, 2012 at 7:09 pmOne hundred thousand workers march on the capital as unions warn austerity isn’t working and threaten a general strike for the first time since 1926,
Bill Black Report: Race to the Regulatory Bottom
by n0madic, posted on Thursday, September 6th, 2012 at 7:24 amBill Black: Wall Street wants to compete with London for lack of financial regulation,
“End This Depression Now”: Paul Krugman Urges Public Spending, Not Deficit Hysteria
by n0madic, posted on Thursday, May 17th, 2012 at 2:30 pmfrom Democracy Now!
Public spending is under assault from the United States to Europe in the name of fighting deficits. Nobel Prize-winning economist Paul Krugman argues in his new book, “End This Depression Now!”, that the hysteria over the deficit will constrain an economic recovery in a time of high unemployment and stagnating wages. “The economics is really easy,” says Krugman, “If we were to spend more money at the government level, rehire the school teachers, firefighters, police officers who have been laid off in the last several years because of cutbacks, we would be a long way back toward full employment. … Right now there’s just not enough spending. We need the government to step in and provide the demand we need … We’ve had austerity in the face of a recession in a way that we’ve never had before since the 1930s. The results are clear — it is disastrous.” Krugman writes about the economy as a columnist for the New York Times and is a Professor of Economics at Princeton University.
The interview continues after the jump …
