Sunday, 3 January 2010

Want, Ignorance, Disease, Squalor and Idleness

When the share of wages is too low and the rate of taxation on wages is too high there is a deficit in aggregate demand that results in unemployment, and consequently low  educational provision, rising levels of poor health and lower provision for its treatment,  lack of housing and capacity to establish independence in life, and aimlessness accompanied by alienation.

That a Labour Chancellor of the Exchequer should have failed to confront the Five Giants, and instead enslaved working people in debt, is disgraceful.


Elby The Beserk said...

Alright for some...

Happy New Year, HG, from crisp and frosty Somerset

hatfield girl said...

Elby. Warmest congratulations and Happy New Year.

All is certainly right for you:)