‘We are all in the gutter but some of us are looking at the drains’: An alternative explanation of the public debt?

Using everyone’s favourite bank manager Captain Mainwaring of Dad’s Army fame, Alan explains where all the bailout money went in the 2008 meltdown and current economic crisis. Neoliberal myths, lies and statistics about the public deficit such as the commodity theory of money, supply and demand, ‘rational’ consumer choices and ‘alternatives within capitalism’ are de-bunked using sources from the Guardian to the President of the EU Central Bank.