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

Currently Chatting

How much did "fast track" cost the corporate elite?

It cost corporations less than $18,000 bucks per vote to get “fast track” passed in the United States Senate.

According to a recent analysis by The Guardian Newspaper, corporate members of the US Business Coalition for TPP donated more than $1.1 million dollars to Senate campaigns in the first quarter of 2015. The average Democrat received about $9,700 dollars and the average Republican raked in almost $20,000.

Powered by Drupal, an open source content management system