@ChrisMayLA6 That austerity is required so frequently appears to suggest that austerity doesn’t work! Well, it does seem to keep the rich rich and even make many even richer!
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Emeritus Prof Christopher May
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so it is working, then; just not for us....
⬆️ @ChrisMayLA6 @alexproe
>> so it is working, then; just not for us...
>> So it's not so much #Keynes has been rejected, but rather it's only applicable when the rich are in trouble!
#Keynsian theory formed the underpinnings of #Reagan's obscene #TrickleDown theory in which the rich would reinvest money saved in taxes to drive growth.
#US has the rich getting richer while infrastructure like bridges and airports crumble, and services like #heathCare are only for those who can afford to pay.
by Ramesh #NotGoingBack ;
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