The Mudcat Café TM
Thread #132930   Message #3016777
Posted By: Crow Sister (off with the fairies)
27-Oct-10 - 10:44 AM
Thread Name: BS: Spending Cuts UK - The Thread
Subject: RE: BS: Spending Cuts UK - The Thread
RB: "John Maynard Keynes. Simples! We KNOW it worked before."

It might have worked before but what's important is *how many* people "KNOW it worked before"? My guess is the answer to that is 'very few indeed'. I spoke to a bloke the other day who believed that 'double dips' are caused not by cuts but by *investing* in the countries infrastructure. A few days ago I asked on here what economic model was followed after the second world war. I'd never heard of Keynes but by putting two and two together (ie: that *despite* the country being in penury as it is now, much of the welfare state / social housing / NHS etc. was in fact *built* during that period) I realised there must be something up with the idea being forced down our necks that 'austerity measures' are the only possible solution. My grasp of UK history is pretty slight and my grasp of economics even moreso, but I bet it's still better than the average Hello reader. And it's those people that make up the bulk of the electorate.