Labour economic theory?

[jimslip]

I watch Ed Balls and others in disbelief as they spout on about, if only Labour were in power, all would be well. Its like watching Frank Spencer, after he'd blown somoeones house up saying, "That's the best I can do for you today sir!" But maybe I'm wrong. Basically, Labour say, unsurprisingly, we need to, Spend! Spend! Spend to make things ok again.......

I have tried to create a simple analogy of their economic theory below? Is this not in a crazy kind of way a sound idea........if everything goes to plan, but absolute shite if it does not?

OK here goes:

Imagine you used to have a good job and you wanted all the things you couldn't really afford, so you borrowed heavily on loans and credit cards until you were brimming over with debt. It was ok though because you still had a job and could make the minimum repayments plus a bit extra. You then lose your job and your income drops to a considerably smaller amount, when you get an inferior job.

You visit your Citizens Advice Bureau, where you find a Labour supporter giving advice. He advises:

"Let's see, you now have a quarter of the income you once had and massive debt that you simply cannot afford to ever pay off. The best you can do at present is maintain the minimum payments. OK, I suggest you get another massive loan and consolidate all your existing debt into one lump sum. Pay it off with the new loan and have another massive amount on top to spend as you wish, maybe you could buy that yacht you promised yourself, but I would advise just start a new business instead! This will solve all your problems overnight. It doesn't matter what kind of business you start, anything will do, as long as you borrow a bit more money so you can employ a couple of people. Again only meet the minimum repayments every month. In no time your business will be a great success and you will pay all the money back and employ more people!.........NEXT!"

Is this advice good or bad? Is this a summary of Labours economic theory? What would you advise the hapless man in debt do?

[RoddersUK]

Jim, I remember that Frank Spencer sketch, I wet myself laughing. It was the funniest thing on the box at the time and funnier than Del Boys chandilier sketch, in my humble opinion.

[RoddersUK]

Oh fuckit Jim, I just nearly wet myself again just thinking about it. Stop it, now.

[David Johnson]

Thanks for this stunning analysis of the weakness of Labour's economic approach.

Sometimes, if rarely, I feel that I am in the presence of economic genius.

And certainly that is not how I felt reading your parable which is a sort of Economics for Ignorant Gobshites.

I have just got off the blower to Stephanie Flanders. She wants to follow up her series on economists, JM Keynes, Hayek and Karl Marx with one on yourself, provisionally entitled "And you thought George Osborne was a Headbanger".

I feel a Ladybird book on your economic work will follow quite soon - a sort of End Blytonesque "The Famous Five open a Corner Shop".

Congrats! Rodders is well impressed. Message from Sam Slater possibly "Something going on there?"

[Rumpleforeskin]

Actually Labour's economic approach is and always has been to intentionally destroy the economy, which is why they did it so well last time and are looking forward to the end-game after this five-year hiatus has done the job of taking the heat off and dumping the blame on the coalition.

It's called Cultural Marxism and the perversity of it is the beauty of it as it is so difficult to convince enough people that something so outrageous can actually be true.

Occasionally the mask slips such as when Ed Balls at last year's conference accused his opponents of having a "False Consciousness". That is not Socialism it is purely the vocabulary of a Cultural/Gramsci/Stealth Marxist.

They want your mind just like the Borg.

Undermine, dismantle and destroy every institution and achievement of Western Society until nothing is left and the population neither knows nor cares when it is finally fitted up and finds itself living under a left-wing totalitarian tyranny or the fucked-up mess portrayed so well in Mike Judge's "Dumbocracy".

The more you pander to the lowest common denominator the lower the common denominator becomes and the more it needs pandering to.
In essence, socialism is just two things,

1. Envy
2. Emotional blackmail.

A very good example of Cultural Vandalism is the Cultural Vandalism deployed by those who claim that Man never landed on the Moon, one of Man's greatest achievements which was not even questioned by the Soviets.

The Cultural Marxists know perfectly well that it did happen but it furthers their cause greatly that a great number of "useful idiots" swallow their gobshite and perpetuate this type of corrosive collective insanity. Mass confusion and unhappiness is the name of the game.

[Rumpleforeskin]

Correction three things:

1.Envy,
2.Emotional Blackmail,
3.The belief that your money grows on other people's trees.

[Rumpleforeskin]

Nice to know you turned up for at least a couple of lectures. Just enough to turn out a semi-convincing but content-devoid line in specious ridicule that is.

[David Johnson]

"Actually Labour's economic approach is and always has been to intentionally destroy the economy"

Blair a Marxist? Interesting concept.

"It's called Cultural Marxism and the perversity of it is the beauty of it as it is so difficult to convince enough people that something so outrageous can actually be true. "

I can see the difficulty.

[Rumpleforeskin]

No. Blair a "useful idiot".

[David Johnson]

Ah a "useful idiot" manipulated by the likes of Ed Balls and the dark forces of Marxism in the background?

Interesting.