Anti Austerity: Time for the Job Creators Allowance

November 24, 2014

Excellent demonstration of how much easier it is to invest sensibly in the bottom ‘rung’ of society, without making any serious losses, than the neoliberal ‘theorists’ want us to imagine.
Another good move would be for Governments to stop throwing tax-cuts at businesses and the rich in the speculative hope of ‘cajoling’ them into hiring more staff, and instead introduce tax-cuts that are *conditional* on them hiring more staff.

David Hencke

Muhammad_Yunus_-_World_Economic_Forum_Annual_Meeting_2012 (1)This month a radical thinker passed through Westminster and presented an idea that politicians tackling Britain’s economic crisis should sit up and take notice.

Nobel Peace prizewinner Muhammad Yunus was addressing a Commonwealth Parliamentary Association conference on growth and development en route from Bangla Desh to Mexico City. The conference attracted people from as far apart as Somalia and Paraguay and Haiti and Timor-Leste.

Yunus is the man who created an anti-bank bank called the Grameen Bank in Bangla Desh which broke every rule of traditional banking. As he put it : ” I went and talked to the banks and did precisely the opposite of everything they told me.”

His bank was only interested in lending money to the poorest in Bangla Desh – those with nothing so they could start tiny micro businesses. His ideas have now been taken up in developed economies notable the United States in…

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