Tuesday, May 22, 2012
A Message From Britain's Rust Belt
This editorial from Britain's rust belt, does not mince words about the governments management of the economy. It sounds pretty similar to what critics are saying about the US economy. The Blair government, like the Clinton government, bought into the neoliberal ideology that led to the deregulation of financial sector. Both countries are paying the price for that mistake. Moreover, the Cameron government has made things worse. It has imposed austerity on an economy with depressed demand. There are ample opportunities for profitable investment in decaying infrastructure in Britain. The government is not interested in public investments.
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