| Polanski on 10:14 - May 7 with 330 views | SuperKieranMcKenna |
| Polanski on 19:10 - May 1 by Swansea_Blue |
He’s the only leader who acknowledges the current financial model adopted by all western nations is failing us and leading to greater inequality. So he represents the only real case for change. He’s an advocate of Modern Monetary Theory (MMT)*, so the polar opposite of Chancellors like Osborne and Reeves with their austerity and fiscal rules that have retarded growth and hammered public services resulting in shed loads of bad stuff we complain about all the time (from bin collections, to lack of school funding, NHS waiting lists, no access to GPs/dentists, potholes, etc.).
He does need to get a handle on the antisemitism cases within his party though, as that could sink him just as he’s getting started. He’s also got to translate the relatively easy populist language and left-leaning economic arguments (e.g. nationalisation) he uses into something acceptable to the mainstream. Despite the fact that privatisation and the current economic model has failed most of us (unless you’re a multi-millionaire/billionaire) I doubt the public are ready, even though it’s perfectly normal in other European countries who have better services.
*MMT does accurately describe how money is created and removed through taxation, but whether the institutions of the financial system are ready to acknowledge that and change is another matter entirely. |
“He’s an advocate of Modern Monetary Theory (MMT)*, so the polar opposite of Chancellors like Osborne and Reeves with their austerity and fiscal rules that have retarded growth and hammered public services resulting in shed loads of bad stuff we complain about all the time (from bin collections, to lack of school funding, NHS waiting lists, no access to GPs/dentists, potholes, etc.).”
But with MMT we would effectively put an end to any aspirations of rejoining the EU. There’s absolutely no way they would let us rejoin without being in the Eurozone (Cameron ended our various opt outs with the ridiculous referendum). We would cede control of our debt and monetary policy to the ECB and therefore be beholden to their framework. They clearly wouldn’t enact a policy which would likely devalue the euro, and have openly spoken in opposition to the theory:
https://www.bloomberg.com/news
That’s why a little knowledge is dangerous, I have little faith that he or his party have a fundamental understanding of this, but given they’ve said very little on Europe maybe they have no intention of rejoining. Most of the members have still managed to fund better services that us by having responsible governance and fiscal policy (granted France had a higher debt to GDP than the UK but it has cheaper debt raising being backed by the ECB). |  | |  |
| Polanski on 10:31 - May 7 with 288 views | urbanpenguin |
| Polanski on 10:14 - May 7 by SuperKieranMcKenna |
“He’s an advocate of Modern Monetary Theory (MMT)*, so the polar opposite of Chancellors like Osborne and Reeves with their austerity and fiscal rules that have retarded growth and hammered public services resulting in shed loads of bad stuff we complain about all the time (from bin collections, to lack of school funding, NHS waiting lists, no access to GPs/dentists, potholes, etc.).”
But with MMT we would effectively put an end to any aspirations of rejoining the EU. There’s absolutely no way they would let us rejoin without being in the Eurozone (Cameron ended our various opt outs with the ridiculous referendum). We would cede control of our debt and monetary policy to the ECB and therefore be beholden to their framework. They clearly wouldn’t enact a policy which would likely devalue the euro, and have openly spoken in opposition to the theory:
https://www.bloomberg.com/news
That’s why a little knowledge is dangerous, I have little faith that he or his party have a fundamental understanding of this, but given they’ve said very little on Europe maybe they have no intention of rejoining. Most of the members have still managed to fund better services that us by having responsible governance and fiscal policy (granted France had a higher debt to GDP than the UK but it has cheaper debt raising being backed by the ECB). |
It is in the last Green manifesto to "Rejoin and play its full part in the family of nations that is the European Union, as soon as possible."
Personally, I saw the arguments for Lexit and do not really think that the EU as it became is beneficial to most workers, most alternative economic approaches, and all kinds of progressive ideas. That said, for many reasons I would wish us to return into the EU, though I would like it to evolve and grow into a fairer EU. That would have been easier to shape from within and at the big table, whereas if we go back now we deservedly would be a minor member and with little agency, which is partly why the whole thing was stupid.
Greens have some good (in my view) economic advice, whether that's James Meadway or Mariana Mazzurcato, neither of whom are in the party but have worked with left-leaning thinktanks or on general policy discussions. |  | | |
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