Why we need public spending

Why we need public spending
Source: David Hall, PSIRU, Business School, University of Greenwich, November 2010

From the abstract:
Public spending plays a vital positive role in economic and social development, contrary to rightwing political views. It supports half the jobs in the world – twice as many in the private sector as in the public sector – and is crucial for investment in infrastructure, the provision of key services, and creating greater equality. It is also the main way of financing action on climate change. Deficits have arisen because of the need to deal with the economic crisis, and because companies are failing to pay their fair share of tax burden. The IMF’s call for deep cuts in spending should be resisted.
See also:
The Role of Government in Democracy and the Economy: The Disconnect Between Public Perception and Reality”
Source: The War Against Public Services And Public Employee Unions, Albert Shanker Institute, presentation transcript, June 2011

Leave a Reply