Re:Austerity Is an Antidemocratic Strategy to Boost Capital
by iamflimflam1 on Wednesday January 10, 2024 @06:06AM
(#38938926)
It was very much an ideological driven cost cutting exercise.
Re:Austerity Is an Antidemocratic Strategy to Boost Capital
by midasuni on Wednesday January 10, 2024 @06:56AM
(#38939018)
It was also what all three parties proposed. I remember an IFS report showing actual cuts were less than both Tory and labour plans and slightly more than Lib Dem plans, but if you go back to 2010 you had a labour chancellor promising to cut more than thatcher.
It’s common in hindsight to say “if only labour were elected”
Also worth remembering that in 2015 the country said “we want more Tory”. The coalition wasn’t Tory enough.
https://www.theguardian.com/politics/2010/mar/25/alistair-da...
Re:Austerity Is an Antidemocratic Strategy to Boost Capital
by zozbot234 on Wednesday January 10, 2024 @09:21AM
(#38939255)
There was also that whole Brexit and "let's give those billions to the NHS" kerfuffle. Maybe that had something more to do with the recession.
Re:Austerity Is an Antidemocratic Strategy to Boost Capital
by disgruntledphd2 on Wednesday January 10, 2024 @11:03AM
(#38940037)
That was six years later, so seems unlikely.
This was really obvious at the time. The economy was recovering slowly, and then the Tories got elected and induced a recession. It kinda amazes me that this wasn't obvious in advance of their actions, but whatevs.