Quote serial thriller at 18 Aug 2015 3.39pm
Quote matt_himself at 18 Aug 2015 12.54pm
Quote serial thriller at 18 Aug 2015 11.59am
Quote matt_himself at 16 Aug 2015 11.36am
Quote Mr Fenandes at 16 Aug 2015 10.16am
Quote matt_himself at 16 Aug 2015 6.46am
I am enjoying the Corbyn 'bulls*** bingo'. Every article and interview is saturated in buzz words and jargon. The pick of the crop are 'principled', 'compassion' and 'neo-liberal'. I am waiting for Richard Murphy to say 'we believe in wiping our arseholes from back to front, anyone who wipes from front to back is neo-liberal and lacks a compassionate and a principled approach to arsehole wiping', in order that the trinity of top bulls*** is achieved in one fell swoop.
Actually everything coming from him is policies, policies, policies. Haven't seen that from a politician in my lifetime.
I don't disagree that he is talking about policies but the problem is that most of the economic ones are illiterate.
The proposed National Investment Bank is a terrible idea. He says it is 'quantative easing for people', anyone with half an interest in economics knows it will be a state run entity looking to have the BOE as its puppet, the Bank will invest in socialist white elephants that are politically advantageous at the time by with no long term sustainability.
But the real danger is Corbyns lack of understanding of what QE really is. It is money printed by a central bank to buy government debt which the government has to buy back at a future date. The QE 'for the people' will drive up inflation by reducing he role of our central bank to be raised by his politburo for every socialist whom they deem useful. This will in turn make the UK, or what is left of it when Crbun has dismantled it, into a place where foreign investment becomes very unattractive.
Take what he says with a pinch of salt.
You can't portray yourself as some master of economics and then make such an incredibly generalised point Matt.
The people's QE or whatever we're calling it may well drive up inflation, but in some ways that's its very purpose. Increased inflation will make it easier to pay off national debt, increasing the possibility for government investment in infrastructure and welfare. What's more, it would weaken the pound which thus increases the attractiveness of the UK for foreign investment, particularly in buying up our imports. This is what Greece was unable to do in a single currency, and hence their catch-22 situation of high-value currency but incredibly weak economy.
Of course that's hypothetical, but then every single statement made about Corbyn's potential leadership or the future in general is hypothetical, the danger really lies in those who claim to know exactly what the future holds, not only because it suggests they are delusional, but also because hubris may well come and bite them on the arse.
Where have I tried to 'portray myself as a master of economics'?
I am commenting upon what I read.
A lazy smear ST.
Ok, I was being a tad facetious, but that comment way back about 'no one who understands economics would be a socialist' stuck with me mainly because of the incredible arrogance of it.
Anyway, back to the point at hand. I have two questions to raise:
1) Which of Corbyn's policies is so particularly dream-world and ultra-lefty that it hasn't been the policy of at least one elected UK government of the past 50 years?
2) To the Blairites on here and those who think Labour only have a chance with a centrist in power, what exactly has Blairism won in the past decade? Since 2005 it's been defeated in at least one general election, taken apart in Scotland earlier this year, lost the London mayoral election and continually lost ground in the European elections. Maybe it isn't Corbyn, but centre-leftism which is the dying ideology?
ST - my comment was 'I was told once that if socialists read economics, there would be no socialists'.
I was commenting on what I was told. I can't claim credit for that gem, as much as I would like to.
I find your question 1) nonsense. You cannot compare government policy in the 1960's today. The government was struggling with the debt burden from WW2, the break up of the Empire, in particular issues like Rhodesia, there was a very different economic system in place and the burden on services & the welfare state was far less than today. Therefore, I don't understand what you are getting at, other than to try and give Corbyn credibility through historical anomaly.
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02
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