Austerity has benefitted bond traders but impoverished UK society and led to the rise of populism. Is it right that we carry on adhering to their interests, asks Guardian columnist Andy Beckett
well done, Trudeau government, Carney government, Eby government, Legault government, Ford government, Smith government... 🙄
https://www.bnnbloomberg.ca/business/economics/2026/06/01/nearly-all-canadian-universities-fall-in-global-rankings/
Nearly all Canadian universities dropped in the latest CWUR Global 2000 rankings as research performance weakened amid tougher global competition. The rankings also show growing gains by Chinese universities while U.S. schools continue to dominate the top tier.
The Trumpian "War on Fraud" Is a Trojan Horse for Austerity
https://fed.brid.gy/r/https://jacobin.com/2026/05/state-financial-officers-fraud-austerity
The author makes an argument for slow paced reform of the housing market here, but only if all other economic matters remains the same, so take it with a grain of salt.
Aside from that, there is a defence of RBA policies (largely debunked by progressive economists - Greg Jericho and Prof Richard Murphy come to mind) and pick up on the RBA blame game by criticising Govt spending (social services cost money don't you know?).
In the final analysis, our economy is run by #NeoLiberals following a completely debunked #TrickleDown paradigm and a compulsion to #DeregulateMarkets (because markets know best, right?).
The essential fact to take away is that #Neoclassical economics (aka NeoLiberal Economic theory) equals #Austerity but not for all. Hence it is inherently inequitable. The author also points to #Howard's folly, the mum & dad bank, as an electoral threat limiting govt policies but does not criticise the premisse of this very bad idea.
One thing I agree with author on is that the Australian govt budget relies too heavily on wage and salary taxes, which you would expect in a climate dominated by #unfetteredCapitalism. Who else are going to pay for all the #billionaires
https://news.thenewdaily.com.au/c/1L2AldzRjPZS8f9V7h5TVfIO1ZQd
Pluralistic: Daily links from Cory Doctorow – No trackers, no ads. Black type, white background. Privacy policy: we don't collect or retain any data at all ever period. [Unofficial]3d agoPluralistic: Carneyism without Carney (30 May 2026)
https://fed.brid.gy/r/https://pluralistic.net/2026/05/30/rupture/
RE: https://hachyderm.io/@ely_peddler/116657733723600259
Remember when the Tories did this in the '10s?
Labour have no new ideas, just bad old Tory ones.
#UKpol #UKPolitics #NEETs #UKYouthUnemployment #MilburnReport #Austerity #Tories #Labour #Employment
#Money: "The bond vigilantes cheer #austerity because their #profits are highest when the #economy slumps. In this #scenario, interest rates are expected to fall and gilt prices increase, pumping returns for investors."
Carney Government Slashes Consumer Protection Funding
Office of Consumer Affairs and the projects it funds are being wound down by March, stretching already marginalized advocacy groups
#Canada #cdnpoli #consumerrights #neoliberalism #austerity #MarkCarney
https://www.donotpassgo.ca/p/carney-government-slashes-consumer
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