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Re: 'Shock' Contraction in the UK economy
Local authority in Scotland is considering a 4 day school week -just another horrendous potential ramification of public sector cuts.
The public sector is there to serve everbody in the UK, private industries are there to serve the needs of capitalism. Attacks on public sector spending are counterproductive. Private industry requires the gains from public sector employees and services to exist. As these gains and services are reduced the private sector will contract and yet the population will continue to subsidise, in various ways, the private sector for dubious gains. The private sector will continue to extract vital resources from the economy for the benefit of the few at the expense of the many.
As to pay freezes - these are a reality and at the end of the day a pay freeze is a pay cut.
Thatcher and her political class ushered in such fundamentalist capitalism, Blair, as opposed to Brown, kept it going and the shower in power now are just more of the same.
Doomed, i say.
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