Labour knew austerity was wrong. Now, at last, it also has a vision for growth | Mariana Mazzucato

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In adopting the Green New Deal, the party has a plan for a more inclusive economy, says economist Mariana Mazzucato

Many people want this election to be about whether Brexit will solve or exacerbate the problems the UK faces. But most of these problems were born inside the UK’s borders, and long predate the Brexit referendum.

 

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I will never forgive Ed Balls in particular for not challenging the coalition’s austerity policies. As an economist he knew the policy was as wrong then as it had been in 1931. But he was scared to face down the press and say so

Giving loads of free things to people, that worked so well last time?

UKLabour jeremycorbyn - how are you going to do all this outside of EU? How are you going to focus on these issues while Brexit negotiating is still looming? Corbyn wants Brexit... or at least doesn't want to stop it. All of these issues are pipe dreams with Brexit.

Yep. You will definitely see amazing Venezuela type growth for a little while. It will be an fantastic (very short) time.

The only growth labour will see is there bank accounts fact

I was raised to be fiscally responsible, to live within my means. It has served me well. Calling it 'austerity' does not make irresponsible borrowing & spending wise, nor does it lead to a desirable outcome.

How do you repay your debt? By borrowing more, of course. It sounds like one of Boldrick's cuning plans. Austerity was the result of Labour's overspending. GeneralElection19

' Real wages have stagnated – in part due to the weak bargaining power of trade unions', No, it is because of the oversupply of labour. The more there is of something, the less value it has. Simple economics.

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