Spending Your Way Out of Recession

1 post / 0 new

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

Latest Headlines

Five things you need to know about this week's market crash

Giant market declines like the one we had on Monday are simply a fact of market life, but it was a bit unusual, compared with others

Thousands of Syrian refugees continue to reach Europe

According to reports of several Syrian refugees, the price for the boat is around 1,200 U.S. dollars per person. The captain of the boat is one of the passengers that receives training for five minutes

US sanctions czar due in Israel for Iran deal talks

President Barack Obama was set to speak directly to the North American Jewish community about the Iran nuclear deal via a live webcast to shore up support for the agreement

"Unequal Protection: How Corporations Became People."

Thom Hartmann Here with an excerpt from my book “Unequal Protection: How corporations became “people” - and how you can fight back.”
-----

Powered by Drupal, an open source content management system