This Michael Roberts’ summary and analysis of the fiscal cliff agreement stage 1 agreement reached in the USA on New Years Day. Of interest and importance he highlights not just what is wrong with the Republican Austerian position and, also, the inadequacies of the “neolaboralist” position put forward by Democrats and supported, at least in part, by some progressive economists, eg Paul Krugman.

Author: Don Sutherland

I am a retired left wing and labour movement activist. Before that I worked for a long time in the Australian union movement in union education, Australian and international solidarity and organising. I am also active in Cuban solidarity, the SEARCH FOUNDATION, and promoting discussion, debate and action about green socialism based on workers control and social ownership.