Successful policy is not about how rich it makes society in general [e.g. as measured in GDP per capita] but how rich it makes the poor! I see richness in broad terms which embrace both economic and social valuations. So it is not just about how much stuff one can command ownership of. Various versions of this rule have been expounded by people over the years.
It is anti-trickle down and all the neo-liberal hype that justified transferring real income and wealth to the top-end-of-town, via deregulation etc and then claiming it would eventually enrich the lower income groups and poor as a result of the increased endeavour at the top that was claimed to engender. A total lie.Bill Mitchell – billy blog
Large-scale employment guarantee scheme in India improving over timeBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at the Charles Darwin University, Northern Territory, Australia
No comments:
Post a Comment