dvbuk55 wrote:jetblack wrote:Still waiting for your economic policies for the 21st century.
Why would I need economic policies, I don't have to persuade the electorate, that is what Corbyn is supposed to do. Nobody buys his hail fellow well met solution for all ills:
Full employment and an economy that works -
well no suggestion how he's going to achieve that
500 Billion Investment Bank -
where's the money coming from
A million homes in 5 years -
where did he get that figure from and who's going to build them
Security at work and a halt to zero hour contracts -
to do anything about that you would need legislation when in power
Secure NHS and Social Care -
well you would first of all have to clear the billions already overspent
Free education for all -
I could go on but there's little point. We both know it's a leftist wish list without any substance whatsoever and nothing to say HOW all this is going to be paid for. Sure it reads well but the reality is that it is never going to happen.
1) Full Employment -
by investing £500 billion in infrastructure, manufacturing and new industries backed up by a publicly-owned National Investment Bank and regional banks we will build a high skilled, high tech, low carbon economy that ends austerity and leaves no one and nowhere left behind. We will invest in the high speed broadband, energy, transport and homes that our country needs and allow good businesses to thrive, and support a new generation of co-operative enterprises.
On top of this a program of selective renationalisation (of energy companies primarily but also industries such as ours) would create extra work where the quality of service would be re-established as the driving goal by which we operate, over profits for institutional shareholders.
2) National Investment Bank - this presumably will be instrumental in providing the capital mentioned above to rebuild the economy. It will be able to draw on Government revenues for its requisite capital, but will also use what they are calling "Peoples Quantitative Easing". As you may (or may not ) know, the B of E is currently engaged in QE - unfortunately it seems that the money that they are creating is doing nothing more than driving down interest rates (to the detriment of DB pension schemes like ours, as well as savers), and creating asset bubbles in the stock market, property etc. Peoples QE would put the money directly back into the economy (thus creating real demand) by putting the money into peoples pockets.
3) A million homes in 5 years - see 1) and 2) . "Who is going to build them ?" Are you serious ? Are you suggesting there is a shortage of labour in the UK, on top of everything else ?
4) a halt to zero hours contracts - yep.
Hermes may face HMRC investigation into allegations of low pay. These are our competitors. I'd say that this is of absolutely crucial importance to RM employees. We want a level playing field. We want the Hermes guys pulled up to our level - but something tells me that under Tory/Owen Smith rule, we at RM will ultimately be pulled down to their level.
5) Watch or read some Steve Keen ie. the videos posted above, to understand the difference between public and private debt, then get back on here to discuss it.
And you missed an important economic goal cited by the Labour Party:-
Cut income and wealth inequality:
We will build a progressive tax system so that wealth and the highest earners are fairly taxed, act against executive pay excess and shrink the gap between the highest and lowest paid - FTSE 100 CEOs are now paid 183 times the wage of the average UK worker, and Britain’s wages are the most unequal in Europe. We will act to create a more equal society, boost the incomes of the poorest and close the gender pay gap.
I'm struggling to find anything to complain about here TBH.
