Workshop: The Political Economy of the Election
The Political Economy of the Election
Wednesday 29 April, 6:30-8:15pm
Aberdeen University, MacRobert Building, Room 310
Join us for the first in a series of workshops on Economics for Radical Community Activists! The economics of austerity have featured prominently in the election debates so far. The SNP, Greens and Plaid Cymru have broken with the neoliberal consensus and spoken of the need for increasing public spending on a modest basis – and a plague of political neoliberal locusts has descended on them forecasting ruin and damnation. This workshop answers this fearmongering.
It will provide a critical background to these debates by looking at the impact of austerity in the context of the scale and significance of government borrowing and debt and dissect the arguments presented by the Tories and Labour for austerity. It will also outline the growth in inequality and scrutinise the reality behind claims of recovery; the truth about job creation and uncover the mysteries of the main tool of monetary policy – quantitative easing – and show how this is a means of increasing the wealth of the few.