CHAOSTOCOSMOS

Tuesday, 6 August 2013

Austerity is a con, the Tories are authoritarians and they conflated the fact-value distinction.

Edwardian levels of inequality led to the Great Depression. Austerity measures under Chancellor Hindenburg contributed to the rise of Nazism. The drop in household income in Japan between 1929 and 1931 led to a wave of assassinations of Government officials and bankers. Social policies after World War 2 turned the tables and brought peace, with inequality steadily dropping in Britain until recently. But inequality is now returning to pre-war levels.

Austerity is a con, the Tories are authoritarians and they conflated the fact-value distinction. | kittysjones

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