Spending Your Way Out of Recession

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Equador spent its way out of deep recession and did it quickly.

Poverty rates fell, unemployment fell, social spending way up, wages are rising faster than inflation.

It seems they turned their backs on self-feeding austerity, raised taxes on the wealthy, spent money into the economy and are prospering.

In the meantime, the U.S. and Europe cling to the failed neo-liberal economic model embraced by both U.S. political parties. to varying degrees..

Video:

http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=8433

It's probably a pity libertarians and others on the right can't get what's actually proven to be so...not only in our own past, but also in Equador's present..

"Ideological thinking can learn nothing new even if it is something that has just come to pass". - Arendt. How true.

Retired Monk - "Ideology is a disease"

polycarp2
Joined:
Jul. 31, 2007 4:01 pm

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The Real Carbon “Monster” Revealed

Another day, another stupid assault on the truth by the fossil fuel industry and its paid lackeys. In a recent op-ed for the New York Post, Tom Harris, the executive director of the so-called International Climate Science Coalition -- an organization that’s funded, in part, by the fossil fuel industry -- blasted Leonardo DiCaprio for his work on “Carbon,” a new documentary on climate change that I helped write and present.

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