Discussion about this post

User's avatar
Rick Jones's avatar

Excellent analysis. A calm and thorough debunking of the Thatcherism and Friedmanite neo-liberal economic fantasies that have ruined this country. We desperately need a new story, or we just keep sinking. Clive has offered a way we can do that. (And none of it has anything to do with immigrants.)

Jacky Smith's avatar

All very true.

Although if Richard Murphy is right, we could reduce the cost of borrowing by ceasing to pay interest to the banks on money we gave them during covid.

That would of course reduce bank profits and therefore tax income - but overall it would make the debt problem more manageable.

No posts

Ready for more?