Lloyd George, Keynsianism, Mosley and the Tory Privatisation of Government Job Creation

Last Updated: April 19, 2014By

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  1. Hayfords April 19, 2014 at 7:04 pm - Reply

    Keynes did say it ewas weorth paying a man to dig a hole and then fill it in again. Well that has been seen to be foolish. As regards to the above idea of building houses and doing other public works, it is also foolish. It cannot be paid for out of the money paidvin benefits as you have to add in the actual costs of the public works. In a recession there is no extra money to pay for these works as it is not an alternative to benefits but extra to them. You still have to pay the people involved.

    Even Neo Keynesian policies don’t work.

    There is only one source of wealth in our society and that is tax receipts. Tax does not come from any work done by government. The only source is private companies. If you want increased societal wealth that you can spend on health, education and other benefits for everyone’s good then you must have successful companies. This is the target of Conservative governments. Every socialist government without exception has left office with the economy in a mess having come to power when the economy was doing fine. The policy of Labour governments is ‘tax and spend’ and when no more taxes can be found they resort to ‘borrow and spend’ just before they get voted out leaving no money.

    • Mike Sivier April 19, 2014 at 8:11 pm - Reply

      I was going to trash this, purely because of the nonsense economics in it, but then I thought I would be depriving other readers of the opportunity.

    • Dr Lawrence S. Roberts. April 19, 2014 at 9:34 pm - Reply

      When was the last Labor government elected when the economy of the country was strong. I can not remember when, please inform?

      • Hayfords April 20, 2014 at 10:03 am - Reply

        1997 when Ken Clarke left a stable economy. It didn’t take Blair/Brown long to ruin it. And we still have the culprits around in the persons of Balls and Miliband.

        • Mike Sivier April 20, 2014 at 10:09 am - Reply

          Correct me if I’m mistaken (not you, Hayfords), but I was under the impression that, after the recessions of the 1980s and 1990s, Labour led us into the most sustained period of growth in Britain’s recent history.
          It was the intervention of the bankers who overbalanced the international economy that caused the financial crash, doing the work (whether they were aware of it or not) of the Tory Party because it undermined trust in the Labour administration.
          Isn’t that about the size of it, rational Vox Political readers?

  2. I may reply to this article when & if I manage to calm myself down.

    • Joanna Terry (@terry_joanna) April 19, 2014 at 8:50 pm - Reply

      Same here, it seems as if someone has allowed jack to climb out of his box again. How many more times do we need to say that household spending is not the same as a Nations spending (government) This depression we have been going through is proof of the nonsense.

  3. jeffrey davies April 20, 2014 at 6:56 am - Reply

    this lot took over from a little tory party (labour) and the country was in a lot better place than this lot of billy liars and figure fixing ministers [put it]. truth be told they sold off all the silver, now making the poor pay for those who wont pay ie offshore accounts the rich and the companies who won’t pay their way jeff3

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