A presentation by economist Douglas Lock
If nations are like households then of course they shouldn’t try to solve a debt crisis by piling up more debt. But maybe nations are nothing like households and the very worst thing they can do in a recession is to cut spending.
Why do politicians tenaciously maintain their economic beliefs even in the aftermath of massive, systemic failure?
In this fascinating talk Douglas will trace the history of a set of economic beliefs which have become known as ‘neoliberalism’. These beliefs have held sway in much of the world economy for the last thirty years and show little sign of decline despite increasingly extreme inequality, and having brought the world to the brink of economic collapse in that period. He will also explain how he believes the Coalition Government’s austerity policy is irrational, has cost us billions in lost wealth, and has hit the poor hardest.
Douglas is a retired university economics lecturer and Chair of Christchurch & East Dorset Constituency Labour Party. His key interests are economic affairs, politics and community life.
“Join us for an intriguing examination of austerity policy and its implications, from retired economics lecturer Douglas Lock”
Free entry (donations appreciated). Everyone welcome!
(The Green House Hotel can also be accessed from Gervis Road, which is well lit and has roadside parking).
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