same-difference ([identity profile] same-difference.livejournal.com) wrote in [personal profile] same_difference 2005-05-09 03:39 am (UTC)

Re: Now watch me get into trouble

Start with easy questions:

Why would Labour do a deal with Liberal Democrats?
1)Historically the lib dems have always sided and worked with labour (though Kennedy has being doing a good job to distance his party from labour).
2)Before the elections Labour was making noises (TB especially) about working with the liberals.

My issue with GB's handling of the economy has to do with the everything he has done, in the last eight years, also it's not about what you spend it's how you spend it.

Yes I do believe governments can have an effect on the economy, though I'm not an economist so I can't say how correct this will be. They can to a degree control the interest and therefore inflation rates, that then affects the level of borrowing and expenditure of a country and it's populace which is one of the key factors effecting (or sustaining) this countries economic growth. They can also make decisions that have a direct impact on the state of the economy. For example the current pension crisis which is one of the biggest problems facing the economy, while inevitable, has at least not been helped, but infact probably accentuated, by the government taxing pension funds. Another example, is the high level of the housing market, the rise in house prices had been a result (at least partially) of the government significantly increasing public sector wages. I'm not saying they have total control, or that other factors can't make more significant or immediate changes (for example if someone sets out to devalue our currency; it's been done before btw), but governments can affect the growth of a countries economy and businesses, and the wealth of it's citizens which are three main measurements of capitalism.

Your first axiom is flawed because in the end all major parties are parties of big business, because that's where the MP's secondary incomes come from. This current government has certainly been as pro business as any previous Tory government. Also the interests of big business are not completely disconnected from the interests of the general public (especially with regards to wages and job stability/availability).

Finally capitalism is flawed, but everyone knows that.

Lastly I wouldn't say I'm a conservative, but I would say I was a right wing. I more against labour, and against Don Foster and his liberal democrat council in bath.

Post a comment in response:

This account has disabled anonymous posting.
If you don't have an account you can create one now.
HTML doesn't work in the subject.
More info about formatting