Readers respond to the economist Paul Krugman’s article about the effects of the Tories’ most defining policy during the coalition years
Paul Krugman (How the ‘unforced error’ of austerity wrecked Britain, 28 June) hits the nail on the head when he says that there was no economic case for the austerity that the coalition government foisted on us in 2010, the effects of which are still with us. It was a political choice on the part of George Osborne and David Cameron to advance their class interest, cleverly camouflaged by stories of Labour profligacy when the economic crisis to which it was the alleged response was caused by a surfeit of financial deregulation advocated by Osborne and Cameron and supinely accepted by Labour.
The American political economist Clara E Mattei, in her 2022 book, The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism, showed how similar policies were applied in Britain and Italy after the first world war, essentially to keep workers in their place, and how in Italy they led to the rise of Mussolini and fascism. Let us be warned.
Prof Roger Brown
Southampton
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