22 December 2011
“PPTA’s latest reading for the prime minister, Extreme Money by Satyajit Das, charts the rise of global finance and its inevitable collapse in 2008,” says PPTA vice president Doug Clark.
“Das describes the policies that caused the collapse as ‘voodoo economics’. Tax reduction for the wealthy, fire sales of assets and privatization are the problem not the solution”.
“According to Das these policies promote ‘private profit and public squalor,’” said Clark.
“This phrase sums up the charter school policy and the determination of politicians to serve the needs of ‘extreme money’ by supporting tax cuts, tax avoidance and tax havens leaving insufficient revenue to run the public infrastructure.”
PPTA hoped the reading it had sent the prime minister had left him informed and we look forward to concluding our Christmas reading gifts to him tomorrow.
Contact: Doug Clark PPTA junior vice president 021806337
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