Britain's leading economic ignoramus and the Tory party's idea of a genius has set out his plan to outlaw Keynesianism during his Mansion House speech. For those of you who don't understand what Keynesianism actually is it was the method by which the Depression of the 1930's was ended and works because it stimulates a floundering economy by putting money into the hands of those who need it the most - the poor. This is in contrast to the preferred Tory method of cutting taxes for the very rich who then proceed to hoard their money hoping that things will get better all on their own. It was this Tory method, now called "austerity", that prolonged the Depression of the 1930's for the entire decade and destroyed the lives of millions to benefit a tiny minority of the rich and greedy. Now George Osborne wants to pass this economic insanity into law to benefit himself and his rich mates and to ensure that, in any future economic downturn, it will be the poor who will pay for it. The rich, during times of boom, will get richer and, when they screw it all as their natural propensity for criminality is given free rein, it will be the poor who will be forced to pick up the tab. As such it is nothing more than the usual "heads we win, tails you lose" ideology that the Tory party favours. That they will get away with it reflects two unfortunate political realities. First, there is no real democracy in a Britain where 63% of voters did not vote for this sorry excuse for a government and, second, because the British people will completely fail to understand any of the issues involved. Osborne is also eagerly awaiting the response from the Labour party to his carefully laid trap. If Labour agrees with this idiocy Osborne will have completely neutered the opposition, forcing them to accept what will amount to a new economic orthodoxy. If they don't agree he will gleefully paint them as "economically irresponsible" and, once again, saddle us all with his "heads we win, tails you lose" confidence trick. Having lost our soul to those who have turned the war against poverty into a war against the poor, we are now being invited to lose our wits.
Wednesday 10 June 2015
Osborne To Outlaw Keynesianism.
Britain's leading economic ignoramus and the Tory party's idea of a genius has set out his plan to outlaw Keynesianism during his Mansion House speech. For those of you who don't understand what Keynesianism actually is it was the method by which the Depression of the 1930's was ended and works because it stimulates a floundering economy by putting money into the hands of those who need it the most - the poor. This is in contrast to the preferred Tory method of cutting taxes for the very rich who then proceed to hoard their money hoping that things will get better all on their own. It was this Tory method, now called "austerity", that prolonged the Depression of the 1930's for the entire decade and destroyed the lives of millions to benefit a tiny minority of the rich and greedy. Now George Osborne wants to pass this economic insanity into law to benefit himself and his rich mates and to ensure that, in any future economic downturn, it will be the poor who will pay for it. The rich, during times of boom, will get richer and, when they screw it all as their natural propensity for criminality is given free rein, it will be the poor who will be forced to pick up the tab. As such it is nothing more than the usual "heads we win, tails you lose" ideology that the Tory party favours. That they will get away with it reflects two unfortunate political realities. First, there is no real democracy in a Britain where 63% of voters did not vote for this sorry excuse for a government and, second, because the British people will completely fail to understand any of the issues involved. Osborne is also eagerly awaiting the response from the Labour party to his carefully laid trap. If Labour agrees with this idiocy Osborne will have completely neutered the opposition, forcing them to accept what will amount to a new economic orthodoxy. If they don't agree he will gleefully paint them as "economically irresponsible" and, once again, saddle us all with his "heads we win, tails you lose" confidence trick. Having lost our soul to those who have turned the war against poverty into a war against the poor, we are now being invited to lose our wits.
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