The UK's tax credits system is expensive, inefficient and hurts the very people it is supposed to help. It is not fit for purpose.
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Basic income may well prove to be the best tool to preserve our capitalist system. But first, progressive politicians need to educate the public that austerity is the problem, not the solution.
For about five years now, Greece has been giving the euro area authorities a test in economics and politics. The test must be retaken until the authorities produce the right answers.
Visiting Professor of International Economic Policy, Princeton University14 articles | View profile
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