Mail on Sunday have gone batshit
This is amazing. Someone was paid money to write this.
Mail on Sunday have gone batshit
Mail on Sunday have gone batshit
Jeremy Corbyn wins economists backing for anti-austerity policies
Former adviser to Bank of England among signatories to letter dismissing criticism of economic plans, saying they are not extreme
In the letter to which David Blanchflower, a former member of the Bank of Englands monetary policy committee is a signatory, the economists write: The accusation is widely made that Jeremy Corbyn and his supporters have moved to the extreme left on economic policy. But this is not supported by the candidates statements or policies. His opposition to austerity is actually mainstream economics, even backed by the conservative IMF. He aims to boost growth and prosperity.
Mail on Sunday have gone batshit
holy shit
dat loony left though, lmao
Meanwhile, back on planet earth
http://www.theguardian.com/politics...sterity-policies-corbynomics?CMP=share_btn_fb
holy shit
dat loony left though, lmao
Meanwhile, back on planet earth
http://www.theguardian.com/politics...sterity-policies-corbynomics?CMP=share_btn_fb
Meanwhile, back on planet earth
Thanks. I had got it muddled up with a report of the letter.
Hmm, I'd kind of expected more detail than that. It wasn't exactly helpful.
There should be an exam question along the lines of:
1) "If Jeremy Corbyn's economics are considered mainstream by academic economists then most academic economists are lefties." Discuss.
If you automatically subscribe to the idea that Keynesianism is leftwing (which is pretty dubious, it says nothing about ownership of capital or egalitarianism., it's just a description of monetary flows and has no actual moral or ethical value or sentiment), then most academic economists *are* leftwing.
I've no particular problem with the Keynesianism (and Keynes himself comes with Met Office levels of credibility from the Economic Consequences of the Peace).
But I don't, for example, remember "shameful" being a standard economic term, and certainly not one with no actual moral or ethical value or sentiment.
I'm not sure if I can create a thread for the leadership contest. If someone wants to take over, please feel free.
I'm not sure if I can create a thread for the leadership contest. If someone wants to take over, please feel free.
I've no particular problem with the Keynesianism (and Keynes himself comes with Met Office levels of credibility from the Economic Consequences of the Peace).
But I don't, for example, remember "shameful" being a standard economic term, and certainly not one with no actual moral or ethical value or sentiment.
i mean it is shameful to insist that you're doing your best to help people when you know full well that your policies are doing anything but
my evidence is the fact that they went through a school system that taught them that their economic policies aren't effective.
and anecdotes are interesting, but as ever, the plural of anecdote is not data; the data is not hard to find--the government's cuts are not having a positive effect on the worst-off people in society
tbf no shit the poorest suffer most from welfare cuts - they're also overwhelmingly the largest beneficiaries of welfare spending.
Pensioners.
Unless you meant numerically rather than proportional to budget (if that makes sense? I'm so tired)
I'm 27 and if it were announced tomorrow that by the time I retire there won't be a public pension, I have plenty of time to arrange and pay for a private pension. .
But there are a lot of reasons not to cut pensions, and I don't just mean political ones. The current generation of pensioners are the first ones for whom the state pension and paying national insurance has been a part of their entire working lives. Now days we're told in increasingly overt hints that you'll need more than the state pension to survive, but they weren't - that was the basis upon which they saved up or didn't save up more money etc. Changing it now is not only pretty unfair (since they aren't retroactively getting a national insurance rebate) but also because they are the ones least able to try and make up the difference. I'm 27 and if it were announced tomorrow that by the time I retire there won't be a public pension, I have plenty of time to arrange and pay for a private pension. Actual pensioners who have retired are the least capable of rearranging things like that. The main thing they have in their favour is that many are property-rich but, again, that's less useful for some old bat who bought her house in 1967 than it would be to me.
When you take that away, you're left with the poor, the disabled and the middle classes, and the latter's major benefit - child tax credits - are being cut too.
You do sure but what do you do for a living that lets you afford that? What about the poor sod on a zero hour contract at Tesco with barely enough to get by? The gov has already pushed lots of extra people into poverty. How much more can they actually take?
I'd buy that if it weren't for two points.
1) state pensions haven't just been frozen - they have recieved massive boosts, in the form of the triple lock. In a time of such cutting austerity, the idea that buying votes via such a massive transference of cash from younger generations is frankly disgusting. I'm not sure where exactly in the state pension guidance from the 50s it said 'don't worry, your and children will be paying this off for their entire lives'.
2) You'll have to explain how my sister, with an extremely form of aggressive MS, changes her circumstances. She's younger than me, already permanently in a wheelchair, and probably won't see out her 30s at the diseases current rate of progression but maybe she should enroll in a call centre?
As a point of principle, I'm really not sure where this concept that everyone other than the old is better placed to change their circumstances. The *entire* point of the benefits system is to provide a safety net for those in those circumstances - removing it smacks of taking the net away from the trapeze artist and claiming its for their own good.
Fundamentally, these cuts are ideological in basis, have no bearing in reality in actually tackling the deficit, and are about playing to the Daily Mail and buying votes. We're smart people here, let's not pretend otherwise and starting substituting discussion for nonsensical 'boot straps' talk.
it's not 'basically inevitable' that cuts will hurt the poor the most, though. it's only inevitable if you cut things for the poor in order to fund tax breaks for the rich.
If the alternative to those cuts is higher taxes, then they aren't cuts, are they?
there are plenty of tax loopholes and corporate benefits that could be cut without lowering taxes.
i'm generally of the opinion that left wingers shouldn't get into the fight about 'what to cut', though, because at that point you're arguing on your opponent's terms. the real fact of the matter is that the cuts are generally unnecessary.
Labour leader
1. As you may know the Labour Party is in the process of electing a leader. Thinking about the candidates to be leader of the Labour Party, would you vote for Labour if…was the leader?
Would vote for Would not vote for Don’t know NET:
Andy Burnham 22% 54% 24% -32
Yvette Cooper 21% 57% 23% -36
Liz Kendall 18% 58% 24% -40
Jeremy Corbyn 22% 58% 20% -36
Voting intention
The Conservatives are on 42%, the party’s highest vote share for more than half a decade (the last time the Conservatives were on 42% was in January 2010). The party’s lead stands at 14 points with Labour remaining on 28%.
UKIP are on 9% - just a point ahead of the Liberal Democrats and the first time they have been in single digits in a ComRes telephone poll since February 2013.
Con 42% (+2)
Lab 28% (NC)
LD 8% (+1)
UKIP 9% (-1)
Green 6% (+1)
SNP 5% (NC)
Other 3% (NC)
No candidate are standing out and despite the echo chamber of twitter and social media talking about a Corbyn surge he would, if facing a general election according to this poll, still only garner 22% of the vote.
*snip*
However, the Labour party are about to commit seppuku and elect Corybn as leader who, again according to this poll, would only get 22% of the vote as leader as a GE.
Latest from the seemingly endless Labour Leadership contest:
Initial selectorate of well over 600,000 has already been whittled down to just over 550,000, and there are plans for further purges. Final tally expected to be closer to 500,000.
I wonder what the voting patterns of the missing sixth would have been, and how this might ultimately affect the result.
That is categorically not what the first poll suggests. Have a read of this if you get a chance.
Also, we know exactly how much notice to take of polls, especially 5 years out from the next election.
I actually agree that they're unecessary from a macro POV. IMO the Tories shouldn't be arguing in favour of cuts because "we need to reduce the deficit" but rather "we want the state to play a smaller role in many aspects of life", which is largely separate from the macro POV and has little to do with the coming and goings of the economy at large. Welfare spending should be counter cyclical.
That's insane. In the US pretty much anyone can vote in a primary and here a twitter post gets you suppressed. No way could there possibly be 100k entryist troublemakers.Latest from the seemingly endless Labour Leadership contest:
Initial selectorate of well over 600,000 has already been whittled down to just over 550,000, and there are plans for further purges. Final tally expected to be closer to 500,000.
I wonder what the voting patterns of the missing sixth would have been, and how this might ultimately affect the result.
As we conduct this debate, as we elect our leader and deputy leader, we must have the public in the forefront of our minds.
"We must let the public in. Into the process and into our minds as we make the decisions about who is our next leader and how we go forward. So we are going to start that with how we do the leadership elections.
So I want to see party meetings where members bring non-members. Where someone who voted Labour brings along someone who voted Tory or SNP or didnt vote at all. And I want to see the contenders show how they make their case to those people. And I think we should let the public in on all of that.
We will allow people who are not party members, or who are not affiliated supporters through a trade union or Labour linked organistion like the Fabian Society, to have a vote. Anyone providing they are on the electoral register, can become a registered supporter, pay £3 to and have a vote to decide our next leader.
"This is the first time a political party in this country has opened up its leadership contest in this way and I think there will be a real appetite for it out there.
They are only interested in providing the illusion of democracy, but they accidentaly let JC run.Lest we forget, here's what Labour were saying at the start of this process:
Well, that went well, didn't it.
Latest from the seemingly endless Labour Leadership contest:
Initial selectorate of well over 600,000 has already been whittled down to just over 550,000, and there are plans for further purges. Final tally expected to be closer to 500,000
Also, we know exactly how much notice to take of polls, especially 5 years out from the next election.