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Debt or Democracy - Public Money for Sustainability and Social Justice (Hardcover)
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Debt or Democracy - Public Money for Sustainability and Social Justice (Hardcover)
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This is a challenge to conventional thinking around money and the
'debt crisis'. By re-evaluating the source of money, Mary Mellor
presents a radical alternative to austerity and privatisation:
public wealth, or, money used for sustainability, sufficiency and
social justice. Debt or Democracy debunks the received lessons of
the financial crisis of 2007. Political elites shout about a house
whose finances are in disarray; a 'yawning deficit' created by
reckless spending in a bloated public sector. The answer to this
'debt crisis' has been harsh austerity measures - but this is a
dangerously deceptive discourse. Turning against the prevalent
narrative, with its language of 'debt' and 'deficit', Mellor takes
on the familiar question - 'where does money come from?'. The real
solution is a return to the notion of public wealth and the public
economy; of a monetary system owned by, and operated in the
interests of, the majority.
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