For me, the big lesson from the growing evidence base is something ridiculously grand about the importance, and important interrelationship, of social and economic inclusion. They are two sides of a coin that drives sustainable growth.
Warren Escadale, Author at NewStart
In my view, the chancellor’s plan is bad news for struggling families and communities that, despite green shoots elsewhere, may now never recover from the recession should this current economic strategy continue. Now that austerity does not mean fiscal prudence, the debate about the future role of the state in building good economies, intervening in market failure and tackling poverty, needs to be challenged and seized. Obviously, this needs to be done in new ways.
It seems we’ve reached the point of advocating something better described as ‘desperate capitalism’: a chuck things away and see what grows approach to economic development.
The premise of Responsible Reform based on the current political and economic reality (‘austerity is the new normal’) and on the findings of Open for All? is this: 'The Big State failed to create resilient communities, the Small State is destroying what remains.'