REMINDER TO NEW READERS OF THIS BLOG: WHEN QUOTE MARKS SURROUND THE WRITINGS IN A BLOG POST, THIS MEANS IT COMES FROM THE ARTICLE. IN OTHER WORDS, I DID NOT WRITE (SUCH AS BELOW)–
“At a Rethinking Economics conference in Oslo last month I pointed out that western politicians and economists are repeating policy errors of the 1930s. The pattern of a global financial crash, followed by austerity in Europe and the UK, led in those years to the rise of populism, authoritarianism and ultimately fascism. The scale of economic and political failures and missteps led in turn to a catastrophic world war.
Today that pattern – of a global financial crash, austerity and a rise in political populism and authoritarianism – is evident in both Europe and the US. And talk of war has risen to the top of the US political agenda. Why have we not learnt lessons from the past?”