The abiding sin of the Thatcherite Tories and the post-Reagan Republicans is the belief that government has a purely parisitical upon the private sector. This, of course, ignores the essential social infrastructure provided by government. Right neo-liberalism seems to have enjoyed a longer run in the UK, than in the US. This may explain why the US has not yet experienced absolute decline. However, give the Republicans another shot at control and we may get there.
You on Tooze: I assume that "reverse austerity" just means the other tax and invest points. If it means not narrowing the fiscal deficit, I dissent. I would add land use polices that I hear are even worse in UK than in US urban centers.
Jorge Castaneda was a PAN government official and for years he has misinformed through newspapers and his appearances on television. For example, despite the fact that the minimum wage lost 75% of its purchasing power between 1970 and 2010 in Mexico, he was always in favor of not raising it because it would impact inflation and cause job losses. Two errors evidenced by the increases in the minimum wage by the current government.
The abiding sin of the Thatcherite Tories and the post-Reagan Republicans is the belief that government has a purely parisitical upon the private sector. This, of course, ignores the essential social infrastructure provided by government. Right neo-liberalism seems to have enjoyed a longer run in the UK, than in the US. This may explain why the US has not yet experienced absolute decline. However, give the Republicans another shot at control and we may get there.
You on Tooze: I assume that "reverse austerity" just means the other tax and invest points. If it means not narrowing the fiscal deficit, I dissent. I would add land use polices that I hear are even worse in UK than in US urban centers.
Jorge Castaneda's comment contrasts with the most accurate article in The Economist https://www.economist.com/finance-and-economics/2022/12/18/2022s-unlikely-economic-winners
Jorge Castaneda was a PAN government official and for years he has misinformed through newspapers and his appearances on television. For example, despite the fact that the minimum wage lost 75% of its purchasing power between 1970 and 2010 in Mexico, he was always in favor of not raising it because it would impact inflation and cause job losses. Two errors evidenced by the increases in the minimum wage by the current government.