Beware the peddlers of austerity economics

Federal deficits, creating green jobs, austerity vs stimulus packages; how do you balance it all out? There are some important lessons to be learned from Europe’s recent experience.

In issue 464 of the New Internationalist magazine, celebrated author Susan George gives a spirited lashing to European leadership, accusing it of being entirely subservient to the desires of finance and the largest corporations. “European leadership is brain-dead, ignorant of economics and needlessly committing economic suicide” she writes.

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