Economy-Economic Policy: Difference between revisions
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[[Libertarianism-Effects]] | [[Libertarianism-Effects]] | ||
===== Trussonomics is a fanatical, fantastical creed, and the last thing Britain needs ===== | |||
[https://www.theguardian.com/commentisfree/2022/sep/17/trussonomics-britain-prime-minister-liz-truss-neoliberalism by George Monbiot 3/11/22 The Guardian] | |||
This doctrine insists that politics submits to “the market”, which means, when translated, that democracy must submit to the power of money. Any impediment to the accumulation of wealth – such as public ownership, tax, regulation, trade unions and political protest – should be torn down, either quickly and noisily or slowly and stealthily. When consumer choice is unencumbered by political interference, the market is allowed to become a Great Winnower, sifting us into a natural hierarchy of winners and losers. | |||
=====A huge study of 50 years of tax cuts for the wealthy suggests 'trickle-down' economics makes inequality worse.===== | =====A huge study of 50 years of tax cuts for the wealthy suggests 'trickle-down' economics makes inequality worse.===== | ||
