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   Michael Halila 🏳️‍⚧️ (mhalila@mastodontti.fi)'s status on Wednesday, 20-Mar-2024 17:27:43 JST Michael Halila 🏳️‍⚧️

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   This is where we're headed as well. Austerity doesn't actually create any real economic growth, but rather depresses the whole economy as the people suffering from it spend less. So the massive cuts our far-right government is planning will probably push us further toward a recession.

   Then when the next election comes around, the media will panic about the deficit because we're in a recession, and re-elect the arsonists to put out the fire.

   • Embed this notice
     Michael Halila 🏳️‍⚧️ (mhalila@mastodontti.fi)'s status on Wednesday, 20-Mar-2024 17:27:44 JST Michael Halila 🏳️‍⚧️

     "Although the UK is in recession, and GDP per head has been steadily falling through last year, this is not a typical recession which involves lack of aggregate demand, but one caused by sharp cuts to real incomes following higher energy and food prices, as well as labour shortages caused in part by an increasingly sick workforce following Conservative mismanagement of the NHS and Covid pandemic."

     The UK is in a recession caused by austerity and right-wing incompetence. https://mainlymacro.blogspot.com/2024/03/detoxifying-government-debt-part-4.html

     GreenSkyOverMe (Monika) repeated this.