sabreW4K3@lazysoci.al to UK Politics@feddit.uk · 3 days agoStarmer says cost of sickness benefits 'devastating' - BBC Newswww.bbc.co.ukexternal-linkmessage-square70fedilinkarrow-up196arrow-down12file-text
arrow-up194arrow-down1external-linkStarmer says cost of sickness benefits 'devastating' - BBC Newswww.bbc.co.uksabreW4K3@lazysoci.al to UK Politics@feddit.uk · 3 days agomessage-square70fedilinkfile-text
minus-squarealykanas@slrpnk.netlinkfedilinkEnglisharrow-up29·3 days agoIt’s broadly accepted that austerity is the primary cause of stagnation. Krugman, Stiglitz, Chang, Piketty etc etc have all explained how cutting welfare weakens demand, which in turn prolongs a period of stagnation. The time to cut welfare, if you have a hard on for hurting the poor, is when the economy is booming.
minus-squareAux@feddit.uklinkfedilinkEnglisharrow-up2arrow-down19·3 days agoCutting benefits is not austerity.
minus-squareNoForwardslashS@sopuli.xyzlinkfedilinkarrow-up9arrow-down2·3 days agoYou have the whole internet, like, right here. It’s really easy to actually look up the definition.
minus-squareAux@feddit.uklinkfedilinkEnglisharrow-up2arrow-down11·3 days agoYes, there’s a whole internet. You can start by reading a Wikipedia article to learn the meaning of the word https://en.m.wikipedia.org/wiki/Austerity
minus-squareNoForwardslashS@sopuli.xyzlinkfedilinkarrow-up8arrow-down1·3 days ago through spending cuts Thanks, seems like you skimmed over the very first sentence.
It’s broadly accepted that austerity is the primary cause of stagnation.
Krugman, Stiglitz, Chang, Piketty etc etc have all explained how cutting welfare weakens demand, which in turn prolongs a period of stagnation.
The time to cut welfare, if you have a hard on for hurting the poor, is when the economy is booming.
Cutting benefits is not austerity.
You have the whole internet, like, right here. It’s really easy to actually look up the definition.
Yes, there’s a whole internet. You can start by reading a Wikipedia article to learn the meaning of the word https://en.m.wikipedia.org/wiki/Austerity
Thanks, seems like you skimmed over the very first sentence.