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The gap between Cameron’s big society ideal and public finance became a chasm when he endorsed George Osborne’s austerity policy.
After ten years of wrongheaded and brutal spending cuts, Keynes’s warning that bad economics produces political extremism is more important than ever.
The Tories claim austerity saved the country from disaster. But Osborne's neoliberal right economics drew on discredited theories - and ultimately scuppered growth.