UNISONActive is an unofficial blog produced by UNISON activists for UNISON activists. Bringing news, briefings and events from a progressive left perspective.

Friday, 8 February 2013

The disastrous effects of austerity policies

‘In short, the UK experience shows how austerity policies, when applied without regard to the state of the economy, often lead to more government borrowing and debt creation, not less. In the past few years, we’ve seen pretty much the same thing happen in other European countries: Greece, Ireland, Portugal, and now Italy and Spain. Still, though, many proponents of austerity refuse to acknowledge their errors,’ writes John Cassidy in his New Yorker column 'rational irrationality'. Cassidy calls on US fiscal policy makers to heed the lessons of the Con Dem Government’s disastrous austerity policies: