It was revealed today that the UK economy contracted by 0.3% in the final quarter of 2012. While the government scramble to blame weather, global conditions, a bloated public sector, immigrants and a sea of shirkers – today’s piece pins the failure of the UK economy where it belongs: on Osbornomics and the ultimate victory of the Neoliberal project.
Osbornomics says: The public sector is bloated, employee conditions are too extravagant, state benefits are too high, there isn’t enough access to credit (debt), and corporations needed to be freed up from all this red tape (regulation) to remain competitive.
Translation: sell more of the state, suppress wages, reduce job security, and reduce the living standards of the poorest people in the land and all will be well.
read more here:
http://www.scriptonitedaily.org/2013/01/osbornomics-victory-of-neoliberal.html