Get on your trampoline … again
In the run-up to the Budget there’s been much talk of ‘modern supply-side economics’ – but this latest ruse is merely another means to facilitate the rapacity of contemporary capitalism, warns VINCE MILLS
IN THE discussion around the Budget, you may have noticed the odd reference to “modern supply-side economics,” much beloved of the Biden and now the Starmer administrations.
Supply side economics in Britain was an ideological approach shared by both Labour’s last administration and of course the Tories.
There were two key elements to it. The primary drivers were tax cuts and deregulation on the expectation that both would encourage growth by incentivising economic activity and consequently that this wealth would “trickle down” to the rest of society, because, it was argued, in the face of globalisation there was little else governments could do.
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As polls show Scottish Labour’s support crumbling and Reform rising even among independence supporters, an urgent need emerges for an alternative based on public investment paid for by radical progressive taxation, argues VINCE MILLS
Without challenging the neoliberal framework of our economy or seeking more powers for Scotland, the Scottish Labour leader’s seeming break with Westminster policy rings hollow, writes VINCE MILLS
Under Starmer and Sarwar, both the UK and Scottish Labour Parties are committed to the dogmas of neoliberalism – although signs are that resistance is growing, argues VINCE MILLS
VINCE MILLS reflects on the Scottish independence referendum of 2014 which took place in a period of austerity following the great banking crash of 2007-08 and with deindustrialisation in full swing – a context of relevance today
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