This is true, but you would think that Starmer and Labour would put the boot in and aim for a massive swing to get them into power with a big majority.
Why is that not happening, why are they aiming for a hung parliament and some sort of coalition?
Trickling Down!
- Thread starter Eebo
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This is true, but you would think that Starmer and Labour would put the boot in and aim for a massive swing to get them into power with a big majority.
Why is that not happening, why are they aiming for a hung parliament and some sort of coalition?
Alan Harper's Tash
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meltonblue
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TVs etc are brown goods, white are the kitchen stuff, Italy and Spain produce a lot.
bluethrunthru
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we did produce both - telly's and fridges - I think the Sinclair C5 was assembled in an old white goods factory wasn't it?
C5 wasn't white goods.
ZenHalfTimeCrock
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There’s no need to wait.
Trickle-down has never worked whenever and wherever it has been tried, even under Reagan when tax rates were a lot higher.
Paul Krugman explains why it is regarded as a species of what is known as ‘zombie economics’ very clearly here.
Opinion | Wonking Out: The Tax-Cut Zombie Attacks Britain (Published 2022)
A new prime minister with bad old ideas shocks markets.
And here is John Quiggin from his book Zombie Economics:
‘For those at the bottom of the income distribution, there have been no gains at all…Median real earnings for full-time year-round male workers have not grown since 1974. For males with high school education or less, real wages have actually declined.’
Lastly, this is John Gray from his seminal 1998 work False Dawn: the Delusions of Global Capitalism:
‘The United States is the only advanced society in which productivity has been steadily rising over the past two decades while the incomes of the majority - eight out of ten - have stagnated or fallen.
….The average weekly earnings of the 80 per cent of rank and file working Americans, adjusted for inflation, fell by 18 per cent between 1973 and 1995, from $315 a week to $258 dollars a week. At the same time, between 1979 and 1989 the real annual pay of American corporate chief executives (CEOs) increased by 19 per cent, or two thirds in post tax terms.’
If your interest has been piqued by the budget and this thread, there are some very good books that go into all the variations of macroeconomic theory without making things baffling for a layperson.
I can say that because I am a layperson. About ten years ago, on the old and now defunct TES (Times Educational Supplement) forum, there were a couple of contributors who were poised like velociraptors to pounce on anyone who espoused left-wing thinking.
That got me curious because I wanted to know whether they were right. Eventually, after a lot of reading, I found out that their Hayek and Friedman-inspired neoliberal views were deeply questionable.
If you want to follow the same trajectory and see where you end up, start with Ha Joon Chang’s Economics: The User’s Guide.
He is opposed to neoliberal economics but is very even-handed in his presentation of macroeconomic theory in that book.
John Gray is also very good.
Who knows? You may end up as a devotee of Hayek and come back on here giving us a hard time.
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There’s no need to wait.
Trickle-down has never worked whenever and wherever it has been tried, even under Reagan when tax rates were a lot higher.
Paul Krugman explains why it is regarded as a species of what is known as ‘zombie economics’ very clearly here.
Opinion | Wonking Out: The Tax-Cut Zombie Attacks Britain (Published 2022)
A new prime minister with bad old ideas shocks markets.www.nytimes.com
And here is John Quiggin from his book Zombie Economics:
‘For those at the bottom of the income distribution, there have been no gains at all…Median real earnings for full-time year-round male workers have not grown since 1974. For males with high school education or less, real wages have actually declined.’
And here is John Gray from his seminal 1998 work False Dawn: the Delusions of Global Capitalism:
‘The United States is the only advanced society in which productivity has been steadily rising over the past two decades while the incomes of the majority - eight out of ten - have stagnated or fallen.
….The average weekly earnings of the 80 per cent of rank and file working Americans, adjusted for inflation, fell by 18 per cent between 1973 and 1995, from $315 a week to $258 dollars a week. At the same time, between 1979 and 1989 the real annual pay of American corporate chief executives (CEOs) increased by 19 per cent, or two thirds in post tax terms.’
If your interest has been piqued by the budget and this thread, there are some very good books that go into all the variations of macroeconomic theory without making things baffling for a layperson.
I can say that because I am a layperson. About ten years ago, on the old and now defunct TES (Times Educational Supplement) forum, there were a couple of contributors who were poised like velociraptors to pounce on anyone who espoused left-wing thinking.
That got me curious because I wanted to know whether they were right. Eventually, after a lot of reading, I found out that their Hayek and Friedman-inspired neoliberal views were deeply questionable.
If you want to follow the same trajectory and see where you end up, start with Ha Joon Chang’s Economics: a User’s Guide.
He is opposed to neoliberal economics but is very even-handed in his presentation of macroeconomic theory in that book.
John Gray is also very good.
Who knows? You may end up as a devotee of Hayek and come back on here giving us a hard time.
I am just on here to learn - and get some boost from people who have one thing in common with me (Citizens) at a really difficult time in my own life.
I am not here to give anyone a 'hard time' I can assure you of that.
ZenHalfTimeCrock
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Well whatever is bothering you I hope that things get better. In the meantime, here is Ha Joon Chang’s little blue book. His advice is worth taking note of.
