Thursday, 9 August 2012

'The gods of economics have failed'

As was entirely predictable, and predicted, the bankers have simply taken the money and refused to part with it back into productive investment in the economy. The economic statistics attest to mounting misery - a weaker recovery from the initial crisis than from the Great Depression, now a double-dip recession worse than any in 50 years, manufacturing and construction slumping, shocking contraction across the economy as a whole. And the Prime Minister pledges that the savage austerity will carry on for the rest of the decade.

Read George Galloway's latest article in full here