Jump to content

Recommended Posts

Some critics argue that WW2 and not Keynsian theory saved the US economy. Certainly despite the mythology of the Great Depression the UK pulled out far quicker than the US with a more traditionally fiscal route. Keynes also had some views on the maximum amount of budget defeceits which we've gone far beyond. I think you'll find it's more Balls ( an ex of Flanders btw) and Osbourne. That the BBC economists has wet dream about Keynes is hardly a shocker..and good old Will Hutton gets a platform natch.

Ok labour v conservative. Who calls the shots at the end of the day.


The new deal was obviously a democratic mantra and very relevant to what Labour are trying to promote today. Gawd help us if they get I'm.


Love the theory of economics despite only having studied it at a junior level.


And yes Stephanie has made at least two mistakes in her personal life. Both red.

I think trying to seperate Lab vs Cons is a bit of a diversion really - this isnt the 1970s, where we had a genuine difference of opinion/ track between the two parties, the current situation involves two parties who are fighting for the middle ground - what we have in the UK is more like the US scenario.


Also, I woulod suggest that WW2 was more pivotal in sorting out the depression than just a view held by a few critics. Herr Hitler had his own version of a new deal going on alongside FDR and it did jolt a collapsed germany into an industrial superpower in a truly astoundingly few number of years.Whether this was a keynisian inspired is a question for historians though innit

It was already an industrial superpower, just a very troubled one.

Plus you never really got a chance to see how those economic policies panned out in the long term seeing as all those other policies of his made the third reich something of a one trick economy with a rapidly reducing workforce increasingly dependent on rather inefficient slave labour.


It doesn't take too much of an imagination to work out that had he been a bit less is more on all that militarism, expansionism and genocide, that public construction works would have run out of stuff to do and some nasty stagnation and inflation would have followed, especially with domestic consumption unable to fill the gap.


His lovely Empire wouldn't have done much to solve things long term either, terribly short sighted policies that chap.

Well, terrible policies in the literal sense of the word too I guess.


This isn't really Godwin is it.


China in a few years is facing similar issues thinking about it, all those lovely dams and railways and roads are practically done and that workforce is getting pricier.

He got the trains to run on time ( etc ), but it is true that development was dependent on expansion and the rescources ( both human and physical ) required. it was a bit of a national Ponzi scheme.


China though is, quote frankly, fucked.How long they can stage manage it until a new cultural revolution is instigated or it collapses is the moot point

woodrot Wrote:

-------------------------------------------------------

> I think trying to seperate Lab vs Cons is a bit of

> a diversion really - this isnt the 1970s, where we

> had a genuine difference of opinion/ track between

> the two parties, the current situation involves

> two parties who are fighting for the middle ground


I don't think they are fighting for the middle ground in terms of their solution to the current economic problems, which is the basis of this thread. Their proposals are very different. However recently the coalition is making infrastruture proposals suggesting they are worried about the merits of their prior strategy.

This is now a game of "read the glossary of an economics text book and work out how many can be innuendos". Still, it's more fun than the normal left v right bunfight on here.


Assets - phwoar


Barrier to entry - fustrating


Boom and bust - a description of J'Lo


Crowding out - only on a Friday


Dumping - Mark Oaten's yer man


Expectations - don't worry, it happens to every man

  • 3 weeks later...

just finished the final one of these this week (oh I love the new download function on the BBC iplayer). Absolutely brilliant series and should be compulsory viewing for our economic illiterate population. I've never been that keen on Stephanie's reporting style but she is brilliant in this. Watch it!


Er, yes, confirmed minx too our Steph.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • Per Cllr McAsh, as quoted above: “We are currently updating our Enforcement Policy and changes will allow for the issuing of civil penalties ranging from £175 to £300 for visible smoke emissions, replacing the previous reliance on criminal prosecution. " Is anyone au fait with the Clean Air Act 1993, and  particularly with the state of 'Smoke Control' law and practice generally?  I've just been looking  through some of it for the first time and, afaics, the civil penalties mentioned  were introduced into the Clean Air Act, at Schedule 1A, in May 2022.  So it seems that, in this particular,  it's a matter of the enforcement policy trailing well behind the legislation.  I'm not criticising that at all, but am curious.  
    • Here's the part of march46's linked-to Southwark News article pertaining to Southwark Council. "Southwark Council were also contacted for a response. "Councillor James McAsh, Cabinet Member for Clean Air, Streets & Waste said: “One of Southwark’s key priorities is to create a healthy environment for our residents. “To achieve this we closely monitor legislation and measures that influence air pollution – our entire borough apart from inland waterways is designated as a Smoke Control Area, and we also offer substantial provision for electric vehicles to promote alternative fuel travel options and our Streets for People strategy. “We as a council support the work of Mums for Lungs and recognise the health and environmental impacts of domestic solid fuel burning, particularly from wood-burning appliances. “We are currently updating our Enforcement Policy and changes will allow for the issuing of civil penalties ranging from £175 to £300 for visible smoke emissions, replacing the previous reliance on criminal prosecution.  “This work is being undertaken in collaboration with other London boroughs as part of the pan-London Wood Burning Project, which aims to harmonise enforcement approaches and share best practice across the capital.” ETA: And here's a post I made a few years ago, with tangential relevance.  https://www.eastdulwichforum.co.uk/topic/278140-early-morning-drone-flying/?do=findComment&comment=1493274  
    • The solicitor is also the Executor. Big mistake, but my Aunt was very old, and this was the Covid years and shortly after so impossible to intervene and get a couple of close relatives to do this.  She had no children so this is the nephews and nieces. He is a single practitioner, and most at his age would have long since retired - there is a question over his competence Two letters have already gone essentially complaining - batted off and 'amusingly' one put the blame on us. There are five on our side, all speaking to each other, and ideally would work as a single point of contact.  But he has said that this is not allowed - we've all given approval to act on each others behalf. There are five on her late husband's side, who have not engaged with us despite the suggestion to work as a team, There is one other, who get's the lion's share, the typicical 'friend', but we are long since challenging the will. I would like to put another complaint together that he has not used modern collective communication (I expect that he is incapable) which had seriously delayed the execution of the will.   I know many in their 80s very adept with smart phones so that is not an ageist comment. The house has deteriorated very badly, with cold, damp and a serious leak.  PM me if you want to see the dreadful condition that it is now in. I would also question why if the five of us are happy to work together why all of us need to confirm in writing.             The house was lived in until Feb 23, and has been allowed to get like this.
    • Isn’t a five yearly electricity safety certificate one of the things the landlord must give for a legal tenancy?
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...