Capitalism - the Ultimate Religion

[Ashendant]

Higher social standards could drive economic recovery
Published: 12 October 2010
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Social measures such as fair pay for workers and financial support for the unemployed are helping to protect jobs and underpin economic recovery worldwide, experts claimed at an international conference in Brussels yesterday (11 October).

Policies saved or created 20 million jobs

By implementing policies consistent with the 'Decent Work Agenda' and the 'Global Jobs Pact' that was agreed at the International Labour Conference in Geneva in June 2009, countries have been able to avoid ''an even worse jobs crisis,'' said Torres, who claimed that around 20 million jobs have been saved or created as a result of such policies.

In the aftermath of the economic crisis, emerging economies cannot just rely on income from exports to traditional net-importers such as the USA and some European countries, where public spending cuts and other fiscal austerity measures are likely to result in decreased levels of consumer demand in the next few years.

Take that capitalism