We can develop a “realistic” economic program based on public banking that reactivates credit to families and increase wages through a strengthening of unions, while also advocating to reduce working hours to 35 hours per week and for raising pensions.
The general secretary of Podemos, Pablo Iglesias , today presented the document An economic project for the people that economists Juan Torres and Vincenç Navarro have prepared, and which will be the basis of the economic proposals of the formation.
Iglesias has promised that the program will be “realistic and pragmatic” to respond to the economic and social emergency that Spain is experiencing and has assured that “it will not sell smoke like PP and PSOE did” since society does not need ” more tricksters “that” get rabbits out of the hat “.
In addition, he has been convinced that his program will be viewed favorably by entrepreneurs because he has said that he is focused on making a country more prosperous and these “are the most suitable for doing business.”
The document prepared by the two professors and consisting of 60 pages sees public funding necessary against traditional private banking that they consider “has not worked” and proposes a “or several” state banks to reactivate credit or creation of credit cooperatives.
They have warned that access to credit should be a right and call for a restructuring of the Official Credit Institute (ICO) to have a role closer to citizens as the SAREB, as well as the elimination of incentives to the non-voluntary part-time hiring and an immediate public savings plan that avoids unnecessary spending.
We can also insist on the need for an income pact and the document, which will be transferred to social agents and SMEs and self-employed workers to make it concrete, considers it urgent to increase public spending on “social infrastructure” since “it is a source of employment”. Calls for a working day of 35 hours per week and the strengthening of unions to raise wages. In this regard, he points out that the union centrals have been “weakened” during the crisis and believes that they should have a greater presence to push the rise in wages.
As for European policy, they recommend, among other measures, mechanisms that guarantee the pooling of the debt, although it does not detail its support for a reduction or remission of the debts of the States.
In this sense, the two economists advocate a restructuring of the debt of the states or a “negotiated and agreed” withdrawal.
The draft of the economic proposals of Podemos ensures that the economy must be reactivated with a greater national demand as a result of an increase in income and have ensured that wages must have the same weight in income as they did 10 years ago.
The training led by Pablo Iglesias will study increasing the Minimum Interprofessional Salary and sees the need for greater integration of women in the labor market with the creation of nursery schools that help them to combine family responsibilities with their personal projects.
Churches that has not been reluctant to admit that their proposals can be identified with the “social democracy” has guaranteed that Podemos will not fall into “populism” as did the PSOE of José Luis Rodríguez Zapatero who promised full employment in 2008, or the PP of Mariano Rajoy who in 2011 said he would create 3.5 million jobs.
He has defended that when they are Government they will try to have the best relations with the executives of all Latin American countries “that are all friends” and has insisted that their economic model is not in Ibero-America but in the countries of northern Europe.