The benefits of public spending

• r0b
• 13 years ago
• Categories: capitalism, economy, public services
• Tags: privatisation, public spending

I should have posted this in the weekend, but if you have a spare 12 minutes some time in the day, do yourself a favour and watch this video.

We know from history, and from our own recent experience, that tax cuts don’t cause growth. Privatisation and public service cuts don’t do us any good either. What does cause growth? Public spending. What’s more, public spending is much more efficient than the private sector too…