The Growth Delusion
By drastically scaling back on investment policies, Labour’s promise of faster economic growth is a fantasy. In an increasingly crisis-prone world, the consequences could be disastrous.
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Karel Williams is professor of accounting and political economy at Alliance Manchester Business School. He is a member of the Foundational Economy Collective.
By drastically scaling back on investment policies, Labour’s promise of faster economic growth is a fantasy. In an increasingly crisis-prone world, the consequences could be disastrous.
Decades of anti-public service ideology has seen the state’s capacity diminished through waves of cuts and outsourcing – if it is to play an active role in the economy again, it must be rebuilt.