We can not afford doing nothing while conservative politicians and economists destroy people’s lives. We must “speak out against austerity”. It is not the only solution for the world economic problems. NEF – New Economic Foundation has several interesting papers proposing alternative ways of thinking. The article we republish was written by Adrian Bua. Since we are a non-profit blog and think that sharing the alternative ideias  on economy will help changing the politicians and economists minds we decided to share with you all the article and the paper, which is found on a link to NEF’ site. I am sorry for the mistakes writting in English. I am Brazilian, a native Portuguese speaker.

Enjoy and share.
Paulo Martins –

“NEF is the UK’s leading think tank promoting social, economic and environmental justice. Our purpose is to bring about a Great Transition – to transform the economy so that it works for people and the planet”.

“FEBRUARY 10, 2015 // BY: ADRIAN BUA Austerity policies have put communities and organisations across the UK under intense pressure. While the negative social consequences are well documented, less attention has been paid to the range of creative responses to austerity measures coming from local authorities, housing associations, grant-makers and funders, charitable and voluntary sector, campaigners and activists. Austerity policies While these are difficult times, groups across the UK are finding ways to maintain and even expand their activities. Driven by the aims of promoting wellbeing and tackling inequality, they are taking action to mitigate the effects of austerity, to challenge it, and to imagine alternative responses. The landscape of responses In our new report, out today, we draw together a set of existing examples to map out the range of strategies that communities throughout the UK are using to respond to austerity, building a strong knowledge base to support new groups in their ambitions and catalyse further pursuits that aim to achieve social justice. We show how different groups across the UK have been: • Adapting by making austerity more liveable or workable. Innovative local authorities have taken creative approaches to public spending which foster local economies, and have tried to make the most of existing assets rather than selling them off. Examples include public service reforms intended to build upon and mobilise local assets to improve service delivery, as well as the delivery of services that help people meet basic needs of housing, food and energy. The Monkey project in County Durham was set up by a group of housing associations and charities to provide free support to social housing tenants struggling with the cost of living due to falling wages and benefit cuts. The project can provide one-to-one advice, affordable new and good-quality reused furniture, discounts on new carpets and low-cost home contents insurance. • Challenging by speaking out against austerity. Local authorities, charities, campaigners and activists have used research and evidence to show the negative effects of austerity on people’s lives. Others have developed campaigns that challenge landlords and payday lenders on business practices that capitalise on the desperate conditions of low income families, and have challenged government policies that advance austerity. Psychologists Against Austerity are an example of a new group, formed of community psychologists who are speaking out about the impact of austerity on mental health, using psychological and evidence-based research. Focus E15 Mothers are another example of a strong and articulate challenge to austerity. They challenged the local effects of austerity in Newham and the narrative that young, low income mothers do not have a right to affordable housing within London. • Imagining by becoming advocates of alternatives and wider structural change. A handful of groups are looking beyond present circumstances to envision ways of organising politics, the economy and public services beyond the current era of austerity. This involves a mixture of theory and practice on ideas such as ‘guerilla’ local economic development, investing rather than cutting, and developing services that are able to prevent problems before they occur, rather than curing them at a late stage. Examples include groups such as the Early Action Task Force which have developed a series of recommendations for hardwiring prevention into public budgets, and Preston City Council which is working closely with the Centre for Local Economic Strategies (CLES) to spearhead new approaches to community wealth building through employee ownership. Future possibilities Austerity remains, for now, at the heart of the mainstream policy agenda. If cuts continue beyond this year’s election, local authorities’ budgets will be stretched to breaking point. The case against austerity and need for alternatives can only grow clearer”. NEF’ Report:

Clique para acessar o 1ac29da8caad2f83c0_llm6b3u3v.pdf

Paul Krugman and The Obama Recovery

Jeffrey D. Sachs, Professor of Sustainable Development, Professor of Health Policy and Management, and Director of the Earth Institute at Columbia University, is also Special Adviser to the United Nations Secretary-General on the Millennium Development Goals. His books include The End of… READ MORE
Jan 5, 2015 13
Paul Krugman and the Obama Recovery

NEW YORK – For several years, and often several times a month, the Nobel laureate economist and New York Times columnist and blogger Paul Krugman has delivered one main message to his loyal readers: deficit-cutting “austerians” (as he calls advocates of fiscal austerity) are deluded. Fiscal retrenchment amid weak private demand would lead to chronically high unemployment. Indeed, deficit cuts would court a reprise of 1937, when Franklin D. Roosevelt prematurely reduced the New Deal stimulus and thereby threw the United States back into recession.

Well, Congress and the White House did indeed play the austerian card from mid-2011 onward. The federal budget deficit has declined from 8.4% of GDP in 2011 to a predicted 2.9% of GDP for all of 2014. And, according to the International Monetary Fund, the structural deficit (sometimes called the “full-employment deficit”), a measure of fiscal stimulus, has fallen from 7.8% of potential GDP to 4% of potential GDP from 2011 to 2014.

Krugman has vigorously protested that deficit reduction has prolonged and even intensified what he repeatedly calls a “depression” (or sometimes a “low-grade depression”). Only fools like the United Kingdom’s leaders (who reminded him of the Three Stooges) could believe otherwise.