The Tories peddled the lie that due to Labour’s management of the economy, the UK was “on the brink bankruptcy” and claim the solution to is to cut government spending with a painful programme of austerity cuts. Of course the UK economy was growing in 2010 when the Tories took over and was subsequently plunged back into recession by Osborne’s austerity policies which have meant that the economy has not grown at all under the coalition; and for much of their tenure has been contracting. Many economist have said consistently that this is the wrong approach. The best solution is to borrow or, better, create money to invest in infrastructure. But what we have instead is Osbornes’ closed economy, with a colossal redistribution of public funds to few private businesses and millionaires, who are sat on our money, whilst the government is steadily removing even more of our public capital through deep cuts. There is no investment in the infrastructure, public services – it’s a framework of increasing and devastating socio-economic entropy. The Tories seem to think we have forgotten that it was they that lost the Moody’s Investors Service triple A grade, despite pledges to keep it secure. Moody’s credit ratings represent a rank-ordering of creditworthiness, or expected loss. The Fitch credit rating was also downgraded due to increased borrowing by the Tories, who have borrowed more in 4 years than labour did in 13. The Tories have seized an opportunity to dismantle the institutions they have always hated since the post-war social democratic settlement – institutions of health, welfare, education, culture and human rights which should be provided for all citizens. The Tories attempt to destroy fundamental public support for the health, education and welfare of its people. Offering and inflicting only regressive, punitive policies and devastating cuts, the Tories lie to drag the compliant, conforming and increasingly shell-shocked electorate along as they dismantle our social democracy, our public services, fundamental rights and the very basis of our civilisation.
Posted on: Sun, 21 Sep 2014 21:01:49 +0000
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