AHA-Lambda
Member
Left leaning types hate the lot and the right wingers will hate them when they're not given the hard brexit they fantasise about.
Hardly, they'll just vote UKIP instead and make things even worse
Left leaning types hate the lot and the right wingers will hate them when they're not given the hard brexit they fantasise about.
Left leaning types hate the lot and the right wingers will hate them when they're not given the hard brexit they fantasise about.
I'm inclined to agree. The electorate isn't keen on Corbyn. They're also not keen on Labour for independent reasons. Getting rid of Corbyn wasn't going to do anything without also happening in tandem with several other changes. Those changes weren't going to happen. So getting rid of Corbyn wouldn't have done anything.
Whoever won, Labour lost.
With Brexit there'll be nothing stopping them from doing whatever they want.
Britain is as democratic as Russia at this point, the sad part is that the Tories didn't even need to rig any elections to get to that point. What a shit show.
I don't think that's fair. Corbyn obviously isn't the only issue but he is one of the main issues. The IRA, NATO, Hamas stuff is going to be uniquely awful for the Labour party come the next general election. Getting rid of Corbyn would have done something.
With Brexit there'll be nothing stopping them from doing whatever they want.
Britain is as democratic as Russia at this point, the sad part is that the Tories didn't even need to rig any elections to get to that point. What a shit show.
What the fuck did I just read.
As democratic as Russia, following a string of entirely democratic votes that regardless of how unhappy you are with the results underline that democracy is immensely prevalent in UK politics, almost (probably) to a flaw.
Are UK opposition leaders being arrested, executed and dismantled all while state media looks on in glee? I don't think so.
What the fuck did I just read.
As democratic as Russia, following a string of entirely democratic votes that regardless of how unhappy you are with the results underline that democracy is immensely prevalent in UK politics, almost (probably) to a flaw.
Are UK opposition leaders being arrested, executed and dismantled all while state media looks on in glee? I don't think so.
Welp, Corbyn is the only major candidate interested in implementing basic income afaik. So he has my support. Maybe he will have the support of every taxi/bus/truck driver too, once they lose their jobs to self-driving tech
I don't think the Hamas stuff will do much. If we're being blunt, most people in the UK give no shits about Israel-Palestine. There are worse problems for Corbyn.
The Venezuela stuff is probably more directly damaging as it's directly linked to economic competency. I've been told there are quotes an video for days of Corbyn and co praising Chavez et al's economic policy. such a simple juxtaposition to make.
It's Jeremy Cor-WIN! Veteran left winger secures ANOTHER huge victory in Labour leadership battle and says he wants to 'wipe the slate clean' - but still demands rebel MPs fall into line
Because regardless of his views he has proven himself time and time again to be a completely incompetent leader. His political views don't match my own, but the fact that he has been an awful leader is something that is so often overlooked.There are people who dislike Corbyn. Why?
People that don't understand econ are Corbyn's most reliable voting bloc.
There are people who dislike Corbyn. Why?
I'd argue that's the same base that votes tory, but hey![]()
Compared to Corbynites the Tories are practically Ben Bernanke.
I don't know about that. I think a lot of 'Corbynites' are probably something resembling Keynesians, which makes a lot more economic sense than the absolute garbage tier economic policies the Tories have served up for the past half-decade.
yeah that's why the Tories cut spendingEvery single mainstream political party is Keynesian.
Every single mainstream political party is Keynesian.
Well there goes the last chance for preventing Brexit.
I'm now genuinely worried that in 15 years time British politics will be the Tories against UKIP.
Right, which is why the Tories' rose to power with their promise of cutting spending during a recession?
yeah that's why the Tories cut spending
FYI Keynesian policy is using the BOE to fight recessions and manage aggregate demand. Using large-scale spending is some bastardised 1940's notion. Practically nobody advocates using fiscal policy to fight recession outside automatic stabilisers and spending on long-term productive infrastructure.
FYI Keynesian policy is using the BOE to fight recessions and manage aggregate demand. Using large-scale spending is some bastardised 1940's notion. Practically nobody advocates using fiscal policy to fight recession outside automatic stabilisers and spending on long-term productive infrastructure.
You can't use the BoE to fight recessions when they've hit the zero lower bound and banks refuse to provide credit because they're worried about risk, making QE (outside of direct helicoptering) unviable - that is, exactly the sort of situation we've been in. Under these circumstances, Keynes advocated large scale fiscal expansion, precisely because monetary policy can't deal with whoppers like 2008.
Not to mention the Conservatives have been hacking back the automatic stabilizers and barely making infrastructure investments.
I'll be standing outside Labour conference tomorrow recruiting for the Lib Dems. From the sounds of it, I think we might get a few people.
The BOE never hit the ZLB. Also I don't think we really understood monetary policy until Friedman 68.
Don't get me wrong, the Tories aren't perfect. Far from it, although May has been signalling well, especially with regards to infrastructure spending (although lets see if she can back up her words), but they're hardly the bastion of ignorance you see from the far left.
I like redistribution and central government investment in infrastructure. I just don't want to see things we know don't work like government pushing up wages, using fiscal policy outside the ZLB, using redistribution as a means to growth etc.
Blair and his ilk is where the future of the Labour party lies (outside the war stuff). Spending in infrastructure, healthcare, education while reducing unnecessary spending, reducing government involvement and freeing up markets. We should be heading towards that, not fighting battles that were lost in the 70's.
The BOE never hit the ZLB. Also I don't think we really understood monetary policy until Friedman 68.
Don't get me wrong, the Tories aren't perfect. Far from it, although May has been signalling well, especially with regards to infrastructure spending (although lets see if she can back up her words), but they're hardly the bastion of ignorance you see from the far left.
I like redistribution and central government investment in infrastructure. I just don't want to see things we know don't work like government pushing up wages, using fiscal policy outside the ZLB, using redistribution as a means to growth etc.
Blair and his ilk is where the future of the Labour party lies (outside the war stuff). We should be heading towards that, not fighting battles that were lost in the 70's.
I don't think the Tories' poor economic record is ignorance; it's a concerted effort to restructure the economy no matter the costs. Tory governments want to rig the economy to reward the best-off minority disproportionately while keeping the majority well-enough off that they don't stop voting for it.
There are other interpretations ('they genuinely think what they're doing is best for everyone!') but since a glance at economic data is enough to dispel that notion, I don't think it can be maintained as a plausible explanation of their actions.
Eh, fair enough. I personally disagree with austerity during recession FWIW. I also think that the problems most CB's are facing are more to do with German and East Asian fiscal policy than domestic government policy.I mean, it really did. Where do you go from 0.5? 0.25? So small as to not make a difference, as other CBs have discovered to their dismay. Given frictional costs, 0 is effectively already below the ZLB and isn't really viable: see Japan.
With respect, I think you have are bright, but have an ideological opposition to those policies, and are finding any way to turn them down, even if it doesn't quite fit the picture. You can't talk about how good automatic stabilizers are and then talk down redistribution as a means to growth during recession/flatlining economy; they're... the same thing.
The Tories look at ways of creating wealth. The PLP look at ways of dividing it more fairly. They're both necessary imo, but they're both normative (i.e. you can push for lower growth in favour of 'fairer' growth, or higher growth at all costs, but neither of those are axiomatically correct). Econ is always suffering from the is-ought problem, an inability to turn descriptive models into prescriptive policy.
Hurting the bottom 20% to make the top 60% better off is anathema to the mainstream PLP, but the Tories would definitely implement policy to do this. But those are both normative positions, as one seeks to grow the pie, while the the other seeks to protect those at the bottom from the excesses of adding to that pie.
But what we shouldn't do is implement policy that we not only feel is wrong normatively, but from a positive perspective as well. You cannot make the country rich by constantly raising the minimum wage. Large-scale redistributive schemes hurt wealth creation and don't cause growth in countries with functioning central banks. Etc. That's my problem with Corbyn. Even if I agree with what he's attempting to do, we know his policies are terrible ways of doing it.
It's not like these are either/or propositions. In very rough generality the Tory's economic playbook (at least the public-facing side) is that focusing on the people at the top of the pile is good for everyone because if they have more money they can create more jobs or whatever, while the Labour playbook is that by concentrating on the bottom there are more people spending money and so more money working its way up through the system.
But we know how this works by now; we have a century of evidence pointing to the fact that the former doesn't really work and the latter often does; and we also now have some evidence that a yawning inequality gap is bad for more reasons than social justice and sense of fair play.
So:
Corbyn did better with women than men.
Corbyn did better with the working class than the middle class.
Corbyn did better in the North than London.
Corbyn did better with 40-59 than 18-24.
Pre-2015 members were marginally Corbynite and not Smithite.
Bunch of stereotypes blown up in the exit polling (technically not a proper exit poll, but more a poll conducted at exit). I think this is just another indicator of how out of touch lots of the Labour upper echelons were. I think if you'd asked them, almost all of them would have reckoned the reverse of these findings.
Quite a few people in here, too. I'd have got the fourth one wrong (although small sample size alert).
Except we know that giving more money to the bottom does nothing above the ZLB while improving incentives works for long-term growth by increasing labour supply. There is literally no evidence for the first. What's the mechanism by which it creates wealth? Ignore the social justice side completely.
Because regardless of his views he has proven himself time and time again to be a completely incompetent leader. His political views don't match my own, but the fact that he has been an awful leader is something that is so often overlooked.
We need a strong opposition. A Labour party led by Corbyn will never be that, or at least I cannot ever see it being a strong opposition.
In Scotland we have moved on from the barely differentiated Tories/New Labour. .
Jeremy Corbyn wins among 17 of 20 demographic categories we measured against. He performed best among more recent members, where he held a lead over Smith of 68 points among those who have become a member since he was first elected leader, and 49 points among those who became a member during the last leadership election.
https://yougov.co.uk/news/2016/09/24/labour-members-exit-poll-corbyn-wins-all-except-yo/