02 October 2012

'Be Outraged: There are Alternatives'

"Be Outraged" - that was the message of Richard Jolly in his keynote address to the Brazil conference. It is also the title of a pamphlet produced by Jolly and 11 other British economists and social scientists arguing that austerity is bad economics, bad arithmetic, and ignores the lessons of history. In his address Jolly said that the crisis is unnecssary, there are alternatives; that Europe can learn from the emerging developing countires, and that there needs to be a a "recovery plus" plan: a focus  on employment actions, care and gender (including a balance of care between men and women), redistribution and growth, transforming the financial sector from being a bad master to a good servant.

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