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Well in Ireland the Government is focused on cutting back public services to reduce the public sector deficit at a time when last Quarter GDP declined by 7.5%.

They say they have to do this to balance the budget and restore competitiveness, but the balance of payments deficit has just hit a four year low with a rising merchandise surplus, so competitiveness doesn't seem to be our biggest problem right now.

So we appear to be applying classic neo-liberal remedies at a time when neo-liberalism has caused many of our problems in the first place and has been discredited internationally...

notes from no w here

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Mar 26th, 2009 at 03:19:49 PM EST
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