It seems to be a day to share stuff from Compass - but this is good too.
I contributed to Plan B.
Richard Murphy on tax, accounting and political economy
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What a great pity that wasn’t a film of Ed Miliband giving that speech, Richard, flanked by the entire Shadow Cabinet.
White Flag Labour? Probably the most accurate term I’ve come across in a while – sadly.
Ann Coote said ‘the government must be courageous”. Would be a really good title for a book…say “The Courageous State”! Oh! there is one.
And the German European example? A better one than the Wall Street model which our politicians seemed tied to.
I can tell you contributed because of the empty talk about jobs and the multiplier effect (you have called this simplistic economics when I have referred it) without reference to who does those jobs – i.e. the ONS information that 90% of jobs created go to migrants.
Yes. It certainly has your touch.
The effects on the economy are noted – of increased welfare payments from unemployment, lack of tax take etc. but how many times is this multiplied up when the jobs that are available go to migrant workers – no tax, and exported earnings.
Importantly, until this is recognised by people like you, NEF, the Labour Party, unions – it will not be addressed in structural change.
And the economy will continue to sink.
Irresponsible.
Who will have the guts to break through the silence?
So far only Glasman, but he has suffered for it.