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Many economic commentators, and those working in banking and finance, thought that the worst of the global economic recession had gone away. They were wrong. It looks to be back with a vengeance.
In most religious traditions there is a commitment to giving money to the poor, and more radically to various kinds of economic sharing within communities.
On 6 April 2011 the International Monetary Fund is meeting in Washington DC to discuss for the first time how to spend a $3 billion windfall from selling gold and lending more money since the financial crisis.
This short film by Oonagh Cousins highlights, in accessible terms, what 'the alternative' to the current recessionary government trajectory looks like - and introduces some of the key players - including political economist Ann Pettifor (who is involved in the 'Green New Deal' group, and writes for Ekklesia among others), UK Uncut, the Robin Hood Tax Campaign initiative, False Economy, and others.
Listening to the the suave propaganda pouring from the lips of Chief Secretary to the Treasury Danny Alexander, and other government apologists over the last 24 hours, I am struck by the persistence of the 'deficit denial' theme - and the fact that it seems to have won over a significant portion of the public. This does not make what is being said any more factually sound, ethically substantial or intellectually rigorous, of course.