A lost decade is nothing to fear

There’s not a lot of point in more economic growth; it’ll just end up going to a few thousand or so people. What we really need is redistribution. But who’s offering that?

Note that the Eurozone countries most under threat aren’t the ones with generous welfare states or effective social contracts; to call the current crisis a threat to democracy rather assumes that democracy is about what you do with a stubby pencil once every few years rather than about values.

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