• hexaflexagonbear [he/him]@hexbear.net
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    3 months ago

    There might be an uptick in inflation, but literally no economic theory thinks government spending “crashes” the economy. Were the justifications of austerity always this self-evidently wrong? Like I feel they typically at least try to be compatible with their own economic theory lol.

    • Kieselguhr [none/use name]@hexbear.net
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      3 months ago

      Were the justifications of austerity always this self-evidently wrong?

      Yes.
      But usually they also use the subterfuge of comparing a sovereign nations budget to a household’s finances. "If you’re family is in debt, you have to cut spending. That is why nan needs to die in the cold. It’s basic economics. There is no alternative. The problem with socialism is that you eventually run out of other people’s money. " margaret-thatcher

      • DragonBallZinn [he/him]@hexbear.net
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        3 months ago

        Hurting “the economy” is a privilege only the right can have.

        Brexit? Yeah it was bad for the economy…but you see it was WORTH IT because we needed more good vibes! The libs weren’t sufficiently owned!

        Housing crisis? Yeah this hurts the economy…but muh property values! Are we really going to pick our kids having an enjoyable 20s over property values? It’s worth it! (Although come to think of it, I’m not sure if this is an Americanism or something in general among the west but there seems to be this line of thought that goes ‘ehh, the young people will pay for it! So let’s do it!’)

    • Barabas [he/him]@hexbear.net
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      3 months ago

      They taxed public schools (these are private schools, England is weird) raising tuition while also slashing funding for state schools. They are also banning smoking in pub gardens.

      It isn’t good, but I don’t think the Tories would have done either of these. If they had reinvested the extra tax revenue into state schools that would have been good, but they are probably going to spend it on border security or bailing out private companies that they’ve sold out public utilities to.

  • CascadeOfLight [he/him]@hexbear.net
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    3 months ago

    Labour, you weren’t in power when that happened, WHY ARE YOU APOLOGIZING FOR YOUR ENEMY’S MOVES??? agony-immense

    Of course, we know they’re actually pre-apologizing for the even worse cuts they’re going to make this coming winter, but still.

  • MolotovHalfEmpty [he/him]@hexbear.net
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    3 months ago

    The entire winter fuel allowance program was projected to cost £2bn this year, that’s including all the ones they’re still not cutting.

    They’re sending £3bn to Ukraine a year “for as long as it takes” and that doesn’t even include all of our expenditure in that country or the general ramp up of weapons and information warfare against Russia which is an enormous figure no one will confirm.

  • AntiOutsideAktion [he/him]@hexbear.net
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    3 months ago

    When they trotted out all of those old people during the pandemic to volunteer their lives ‘so the american way didn’t die’ it was just ahead of its time

  • DamarcusArt@lemmygrad.ml
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    3 months ago

    If we don’t keep sacrificing the elderly on the altar of profit, Huītzilōpōchtli will cause the line to go down!