Paul Krugman, winner of the Nobel Prize in economics, is one of the world’s strongest opponents of the austerity policies which have taken a grip in most western economies since the beginning of the 2007 global recession. He believes that these policies have made recession worse and is an advocate of government spending to jump-start affected economies and secure a rapid, powerful recovery. He says that in the Great Depression (of the 1930s) leaders had an excuse: nobody really understood what was happening or how to fix it.
Today’s leaders don’t have that excuse. We have both the knowledge and the tools to end this suffering. Krugman makes his case in the book End this Depression Now! It costs around £14.99 from good bookshops and you are urged to get a copy now.
Richard Lynch is a Dudden Hill resident. He is a retired Unite the Union official and currently conducts voluntary work on employment rights for the Brent Community Law Centre. He also acts as an accompanying representative for the GMB union.