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Submission statement: "Richard Murphy lays out the case for whose interests need to be sacrificed for the economy to have any hope of surviving under the condi
by ivarv 6y ago
Submission statement:
"Richard Murphy lays out the case for whose interests need to be sacrificed for the economy to have any hope of surviving under the conditions being imposed on businesses to keep workers and customers safe. Unfortunately, his well-reasoned recommendation, that landlords, banks, and pensioners need to take hits to save jobs and businesses, is not likely to find support in official circles. But Murphy’s argument, in essence, is that these groups are toast under any scenario, and they can’t be allowed to weigh down the productive sectors of the economy."
(summary courtesy https://www.nakedcapitalism.com/2020/05/people-and-jobs-or-wealth-the-government-has-to-decide-which-to-prioritise-and-there-is-only-one-right-answer.html https://www.nakedcapitalism.com/2020/05/people-and-jobs-or-w...)