The SNP leadership, including Stephen and Humza Yousaf, were correct to round on Truss’s economic “plan” laid out by the former PM during her…
Closer to home, this way of seeing the world underpins the Sustainable Growth Commission, still the weightiest economic prospectus for an independent Scotland, last year's National Strategy for Economic Transformation and Building a New Scotland: A stronger economy with independence.
It is the economic paradigm which says that a neoliberal-led Bank of England should set a policy rate to deliberately slow down the economy. This high rate feeds through to other rates in the real economy, making life hard for people.The paradigm suggests that this short-term pain is worth it to control inflation. Job losses are also a price worth paying. Your job, not theirs.
The discussions taking place across the country are an attempt to persuade our policymakers to develop an economic understanding that helps them address the real issues and break with the neoliberal paradigm. Here is an example of what this would look like. “It is far, far better and much safer to have a firm anchor in nonsense than to put out on the trouble seas of thought”, said American Economist J.K Galbraith.
Danmark Seneste Nyt, Danmark Overskrifter
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