One of the more striking things about economic debate in this country is that there is a broad call for “more reform” and yet an equally narrow view of what such reform should constitute.
Economic reform is often synonymous with reducing labour costs and increasing after-tax profit, because much of the debate is generated by those whose view of the world and position in life is benefitted by such outcomes. But many of these styles of reform are most suited to an economy that might be passing us by – one where output is greatly disconnected from employment.
While watching the […]
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