The conservative government in England is cutting back on the things government does for the people, and the result is that they economy is shrinking, causing a decline in tax revenue and business confidence, thereby undermining the justification for the austerity.
Progressives believe that democracy drives prosperity. The basic logic is that instead of concentrating the income and wealth at the top, more people having more money to spend creates demand that drives hiring and growth in a consumer-driven economy. Progressives believe that more, smaller businesses provide more opportunity for more people. They believe that a strictly regulated business playing field that forces large businesses to compete in markets instead of succeeding by using their size and power to kill competition lets new startups thrive and innovate.
Progressives believe in shared prosperity -- wealth and power spread among the many is better for all of us than wealth and power concentrated among a few. Just as we believe that more people doing better helps us all, we believe that more smaller businesses doing better also helps us all.
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