The government's proposed reform of social security is generally perceived by the left as a means of cutting public expenditure, in order to allow the government to make its long-promised tax cuts. In this article, Angus Erskine shows that the reform of social security may reduce public expenditure, but is, however, designed essentially to further the development of a low wage economy, to extend privatisation, and to alter the relationship between the individual and the state through increasing the influence of the market.
No takes yet. Share an insight, caveat, or question.
Angus Erskine (1986) studied this question.