Must-Read: David Blanchflower, Mariana Mazzucato, et al.: Jeremy Corbyn’s Opposition to Austerity Is Actually Mainstream Economics

Must-Read: David Blanchflower, Mariana Mazzucato, et al.: Jeremy Corbyn’s Opposition to Austerity Is Actually Mainstream Economics: “The accusation is widely made that Jeremy Corbyn and his supporters have moved to the extreme left…

…[But his opposition to austerity is actually mainstream economics, even backed by the conservative IMF. He aims to boost growth and prosperity. He voted against the shameful £12bn in cuts in the welfare bill…. It is the current government’s policy and its objectives which are extreme…. Increasing child poverty and cutting support for the most vulnerable is unjustifiable. Cutting government investment in the name of prudence is wrong because it prevents growth, innovation and productivity increases…. We the undersigned are not all supporters of Jeremy Corbyn. But we hope to clarify just where the ‘extremism’ lies in the current economic debate.