|Cable - screwing the workers|
These are the very same neoliberal 'free' market fanatics who believe in 'externalities' which is capitalist economic speak for explaining away the right of corporations to dump their costs free of charge onto communities and the environment, in the form of pollution and unemployment, causing health problems, hardship for millions, and massive environmental destruction. These are the same sort of people who believe that basics such as food can be traded as commodities - in short they are people without human values who should not be taken seriously and represent a danger to the well-being of millions. Their type of economic 'solutions' are responsible for death and destruction on a global scale, and, of course, they won't be the ones to suffer pays cuts and unemployment as a result of these proposals. They will remain safe in their cosy academic bubble while the rest of us get our standard of living cut still further.
Of course economics doesn't have to be like this. There are economists who recognise that economics has a social dimension, and at its heart should be the well-being of people and communities, not abstract notions about money which favour corporations and the rich. For an excellent analysis of the ongoing destruction of the social contract in Europe by neoliberal economists, and its consequences, read this excellent article by the economist Ha-Joon Chang. At its root this debate is not about economics at all - it is really about values. The values of humanity, decency and pay equality for hardworking people doing the same job versus the anti-human, 'abstract', and immoral values of the 'free' market, and screwing the workers.