[lbo-talk] Britain´s failed experiment, repeated

Fernando Cassia fcassia at gmail.com
Sun Dec 4 02:11:22 PST 2011


"A year and a half ago, Prime Minister David Cameron of Britain came to office promising to slash deficits and energize economic growth through radical fiscal austerity. It failed dismally. But no lessons were learned, and instead of reversing course, Mr. Cameron’s Conservative-Liberal Democrat coalition plans to make the pain worse by pushing even tougher austerity measures on the weakening economy. Related

Times Topics: Great Britain | David Cameron Unfortunately, neither Europe nor the Republicans in Congress are learning from Britain’s bad outcome either. Grim new data released last week show that British growth is still flat-lining, unemployment is still rising and the ratio of government debt to gross domestic product is still climbing faster than predicted."

Full story at: http://www.nytimes.com/2011/12/04/opinion/sunday/britains-failed-experiment-repeated.html?_r=1&nl=todaysheadlines&emc=tha211

Best, FC -- "The purpose of computing is insight, not numbers." Richard Hamming - http://en.wikipedia.org/wiki/Hamming_code



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