Myths, Lies and Austerity

Myths, Lies and Austerity
Radical Independence Campaign
April 2015

 

In the run-up to the General Election, we keep being told that Labour over-spending created the economic mess of 2008. This is simply untrue. The banks, not Government spending, made the economy crash. The crash happened all over the Western world, and was a direct consequence of banking recklessness and incompetence on a global scale. Governments had made this possible by radically weakening banking rules. Yet the Tory-Lib Dem Coalition and most of the media continue with the absurd claim about overspending, and support it with more myths. They use these to justify their policy of austerity. In this booklet, we identify these myths, show why they are untrue, why austerity has – far from "sorting out the mess" – made recovery slower and more painful, and what can and should be done instead.

 

Read the full booklet here.