Psychoactive Substances: Rolling UK Politics in The Neo-Con Era

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Richard Murphy suggests that McDonnell thinks we need to go along with deficit fetishism for appearance’s sake in the media. From the article he links

The trick is to appear responsible on the deficit, but at the same time suggesting that responsibility is not equivalent to fetishism, and other things matter too. I think this provides a powerful motivation at this time for a policy that is designed to obtain balance on the current balance (taxes less non-investment spending) rather than eliminating the total deficit. This is far from ideal from a macroeconomic point of view, as I discuss here, but as a political strategy in the current context it has considerable appeal. In the UK it allows you to attack the ‘excessive and obsessive austerity’ of Osborne, who is ‘failing to invest in the future’, while following a policy that it is difficult to label irresponsible.

But since the current-budget deficit makes up the greater part of the total deficit, this seems like accepting an overall commitment to austerity-lite. What’s the point of this dichotomy - borrowing for investment: good, for upkeep: bad? He says this austerity shouldn’t hit middle and low earners, but the idea of clawing back however many billions 2020 by taxing the rich seems completely hollow.

Vasco da Gama, Saturday, 26 September 2015 14:01 (eight years ago) link

fully expect osborne to start 'investing for the future' when he the cons have finally 'fixed the roof' (ie he has his primary surplus in late 2018-20). providing he's not derailed by events dear boy events in the interim

hot doug stamper (||||||||), Saturday, 26 September 2015 17:49 (eight years ago) link

I really hope this is more complicated than 'sorry no roof'.

xyzzzz__, Saturday, 26 September 2015 22:20 (eight years ago) link

Vasco de Gama - I agree, it seems like Murphy is repping almost entirely for the sort of political positioning that failed under Miliband.

Matt DC, Sunday, 27 September 2015 10:37 (eight years ago) link

re: Richard Murphy my post was confusing there - he actually seems to be distancing himself from McDonnell. The post I quoted is by Simon Wren-Lewis

Vasco da Gama, Sunday, 27 September 2015 14:59 (eight years ago) link

The writer also addresses my objection in the article.

Matt DC, Sunday, 27 September 2015 15:05 (eight years ago) link

Apparently current-budget austerity + capital investment is an 'old-keynesian' idea
http://www.3spoken.co.uk/2015/09/corbynomics-and-current-budget-balance.html

Vasco da Gama, Sunday, 27 September 2015 15:26 (eight years ago) link

We’ve lost a huge figure of postwar politics. A hero in world war two as Beach Master at Anzio and a brave politician, Denis Healey told his party hard truths about Britain having to live within her means.

Fuck this guy, srsly.

Matt DC, Sunday, 4 October 2015 09:56 (eight years ago) link

had to check the quote and was surprised it wasn't a Labour MP

bonobo voyage (Noodle Vague), Sunday, 4 October 2015 10:15 (eight years ago) link

Taxpayers' Alliance: Cut pensioner benefits 'immediately'

The cuts should be made "as soon as possible after an election for two reasons", said Mr Wild.

"The first of which will sound a little bit morbid - some of the people... won't be around to vote against you in the next election. So that's just a practical point, and the other point is they might have forgotten by then."

Terry Micawber (Tom D.), Monday, 5 October 2015 06:05 (eight years ago) link

TPA are some of the vilest people in this country, i'd condone assassination as a reasonable measure against any of their members.

xelab, Monday, 5 October 2015 06:48 (eight years ago) link

Jerry Sadowitz could use that as part of his stand-up routine. Because he's a comedian.

Mark G, Monday, 5 October 2015 06:51 (eight years ago) link

"So on a purely practical basis I would say do it immediately."

xelab, Monday, 5 October 2015 06:52 (eight years ago) link

IDGI - all Jeremy Hunt was saying is that poor people have no value outside of the work they contribute to an advanced capitalist society. I thought we were all agreed on this matter now?

Matt DC, Tuesday, 6 October 2015 07:10 (eight years ago) link

Replace them with machines and grind their bones into nutritious powder.

Hey Bob (Scik Mouthy), Tuesday, 6 October 2015 07:56 (eight years ago) link

Almost as bad = Gideon has tainted St Vincent.

Hey Bob (Scik Mouthy), Tuesday, 6 October 2015 07:57 (eight years ago) link

This government's strategy -- in the way in which Osborne seems to go over there every couple of months/talk about it endlessly, and now Hunt's remarks that we work like the Chinese -- is to place a bet on China, an economy which is faltering.

xyzzzz__, Tuesday, 6 October 2015 08:34 (eight years ago) link

But where people know their place!

Andrew Farrell, Tuesday, 6 October 2015 08:50 (eight years ago) link

The fact that George Osborne likes overgentrified indie-rock should surprise precisely no-one, surely?

Matt DC, Tuesday, 6 October 2015 08:53 (eight years ago) link

Oh nothing surprising about it at all, anymore than it's surprising that posh boys at Eton should be into gangsta rap, too. It just saddens me.

Hey Bob (Scik Mouthy), Tuesday, 6 October 2015 08:58 (eight years ago) link

Fighting the urge to google this now. xp

xyzzzz__, Tuesday, 6 October 2015 08:59 (eight years ago) link

I didn't know what St Vincent was :-) until now :-(

xyzzzz__, Tuesday, 6 October 2015 09:31 (eight years ago) link

He means the film in which Bill Murray becomes very good friends with a sex worker.

Matt DC, Tuesday, 6 October 2015 09:38 (eight years ago) link

it's the conference ok but tories really ratcheting rhetoric left right and centre it's difficult to keep track

conrad, Tuesday, 6 October 2015 10:35 (eight years ago) link

Also thanks to Theresa May for trying to make myself and my colleagues redundant.

Hey Bob (Scik Mouthy), Tuesday, 6 October 2015 11:12 (eight years ago) link

surely only you can make yourself redundant

conrad, Tuesday, 6 October 2015 11:15 (eight years ago) link

Most of these speeches are the start of a long pitch for next Tory leader (and likely next PM). 10+ years ago May was positioning herself as the detoxifying option but this speech looks like a big bet on the more right-wing end of the party. She might win as well, especially if Osborne and Boris split the toff vote.

Matt DC, Tuesday, 6 October 2015 11:37 (eight years ago) link

http://www.theguardian.com/commentisfree/2015/sep/30/its-all-very-well-jeremy-corbyn-showing-us-he-understands-but-does-he-have-the-strength-a-leader-needs

May is offering confrontation Suzanne - maybe you can vote for her in 2020.

xyzzzz__, Tuesday, 6 October 2015 11:44 (eight years ago) link

Most of these speeches are the start of a long pitch for next Tory leader (and likely next PM).

Boris is in the middle of one right now.

Terry Micawber (Tom D.), Tuesday, 6 October 2015 11:45 (eight years ago) link

differences between the parties being sharpened at the moment, aren't they? go on, theresa may, let's have this argument you evil piece of hot vomit

illegal economic migration (Tracer Hand), Tuesday, 6 October 2015 11:49 (eight years ago) link

Isabel Hardman ‏@IsabelHardman · 33 mins33 minutes ago
This is a delightful speech from Boris but personally think it could do with even more heft and vision than he's put in.

Isabel Hardman ‏@IsabelHardman · 30 mins30 minutes ago
But what this speech shows is that leadership contest will be do you want leader who makes Conservatism exciting or do you want safe guy

conrad, Tuesday, 6 October 2015 12:10 (eight years ago) link

Every time I'm reminded how much Teresa May bothers me, I also remember exposing her as a moron when we were both on the panel of a feminist talk, and I did it while dressed up like a displaced Shibuya-kei person. At least I can take solace in knowing that there are 600 young women who are probably 35ish now who will never vote for her, but shiiiiiiit - if I can take her down wearing five-inch Mary Janes and a mini-crini, what's wrong with you, Britishers?

[I may have mentioned this before ;-)]

voodoo rage (suzy), Tuesday, 6 October 2015 12:12 (eight years ago) link

I guess a bit of aggressive gentrification will get the full backing of the new infrastructure tsar. How can you realistically demolish whole social housing estates without making people homeless? Stupid question I know the answer is who gaf.

xelab, Tuesday, 6 October 2015 12:56 (eight years ago) link

well, increased homelessness is a policy objective, so that's cool. Also, old cliches about 'high-rise blocks' and pledges to knock down council housing gets lapped up by tory rank and file, even more than anti-europe or yay-army stuff. Feel this is more a speech for them than for the London electorate so much.

Estonians from the future (Bananaman Begins), Tuesday, 6 October 2015 14:32 (eight years ago) link

One underreported aspect of social housing is that despite endemic drug/crime problems there are a lot of people who love their social housing and know enough to know that the lawless badlands of the private rental sector or homelessness is far worse.

xelab, Tuesday, 6 October 2015 14:45 (eight years ago) link

Ugh, they even had Peter Hitchens on the BBC Politics show today. The. Worst.

inside, skeletons are always inside, that's obvious. (dowd), Tuesday, 6 October 2015 15:44 (eight years ago) link

high-rise blocks built as social housing = bad, high rise blocks built for property speculators that remain three quarters empty = cool, or perhaps, completely invisible

Estonians from the future (Bananaman Begins), Tuesday, 6 October 2015 16:25 (eight years ago) link

Not sure that among Theresa May's goals in giving that speech was having the arse torn off her in the Telegraph.

http://www.telegraph.co.uk/news/uknews/immigration/11913927/Theresa-Mays-immigration-speech-is-dangerous-and-factually-wrong.html

Andrew Farrell, Wednesday, 7 October 2015 10:43 (eight years ago) link

lol 61% against her in their poll

stet, Wednesday, 7 October 2015 10:53 (eight years ago) link

The Telegraph wants the Tories to win the next election, and they know that Theresa May isn't their best chance of achieving that outcome. James Kirkup himself appears to be a major Osborne shill, so it makes sense in that context as well.

Matt DC, Wednesday, 7 October 2015 11:04 (eight years ago) link

Yes, she's an impediment to the coronation of King George so she must be disposed of, fwiw I think she's more electable than Osborne.

Terry Micawber (Tom D.), Wednesday, 7 October 2015 11:07 (eight years ago) link

Yep, I think Boris is too. Fingers crossed for Osborne? Christ that could come back to bite me though

stet, Wednesday, 7 October 2015 11:13 (eight years ago) link

Cameron: "That’s right, Labour: you’re not for working people, but hurting people."

https://upload.wikimedia.org/wikipedia/en/thumb/1/14/Farfromthehurtingkind.jpg/220px-Farfromthehurtingkind.jpg

Terry Micawber (Tom D.), Wednesday, 7 October 2015 11:16 (eight years ago) link

Cameron saying the British people "want a government that protects the vulnerable" is sailing pretty close to the wind.

Matt DC, Wednesday, 7 October 2015 11:23 (eight years ago) link

Not sure that among Theresa May's goals in giving that speech was having the arse torn off her in the Telegraph.

http://www.telegraph.co.uk/news/uknews/immigration/11913927/Theresa-Mays-immigration-speech-is-dangerous-and-factually-wrong.html

― Andrew Farrell, Wednesday, 7 October 2015 10:43 (39 minutes ago) Bookmark Flag Post Permalink

But the DM loves her!

[ img ]broken image of the daily mail front page[ /img ]

Mark G, Wednesday, 7 October 2015 11:24 (eight years ago) link

From what I can see Boris is setting himself up as the (lol) One Nation candidate, with May going for the socially conservative right and Osborne claiming the centre ground for austerity.

Matt DC, Wednesday, 7 October 2015 11:32 (eight years ago) link

@DPJHodges
David Cameron is now the leader of the British left.

Matt DC, Wednesday, 7 October 2015 11:45 (eight years ago) link


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