Corbynomics 4 weeks on:
- See more at: http://www.taxresearch.org.uk/Blog/2015/08/30/corbynomics-four-weeks-on/#sthash.DG3hHVy3.dpuf
"It is easy to confuse what is with what ought to be, especially when what is has worked out in your favor."
- Tyrion Lannister
"Lannister. Baratheon. Stark. Tyrell. They're all just spokes on a wheel. This one's on top, then that's ones on top and on and on it spins, crushing those on the ground. I'm not going to stop the wheel. I'm going to break the wheel."
- Daenerys Targaryen
"The Lord of Light wants his enemies burned. The Drowned God wants them drowned. Why are all the gods such vicious cunts? Where's the God of Tits and Wine?"
- Tyrion Lannister
"The common people pray for rain, healthy children, and a summer that never ends. It is no matter to them if the high lords play their game of thrones, so long as they are left in peace. They never are."
- Jorah Mormont
"These bad people are what I'm good at. Out talking them. Out thinking them."
- Tyrion Lannister
"What happened? I think fundamentals were trumped by mechanics and, to a lesser extent, by demographics."
- Michael Barone
"If you want to know what God thinks of money, just look at the people he gave it to."
- Dorothy Parker
There is no left-right dividing line in sensible economic policymaking. Everyone needs to define their ambitions, understand how policy might achieve goals and recognise constraints. Mr Corbyn’s ambition is clear: he wants a more equal and a more prosperous society.
Since this desire is shared across the political spectrum, the radical left must demonstrate its ability to act where other, more conservative forces, are constrained.Not true. There is a left-right divide and that desire is not shared. They may say that, but their actions belie what they say.
All of this is economically literate, radical and left wing. Little of this is Corbynomics. For him, there are vast untapped pools of free money, to be accessed via setting up a national investment bank, attacking so-called “corporate welfare”, engaging in quantitative easing “for the people” or simply ending austerity.Again, not true. This is the guy who attacked Piketty in a vague fashion.
Crime has not increased. Property values have not decreased. Life is pretty much the same for those who lived on these blocks before the townhouses were built. And for those who moved in from the projects? The change of address didn’t solve all their problems, but it did make their lives safer, cleaner and measurably better.
Last month, the Obama administration announced that it would put teeth behind a policy making federal housing funds conditional on a city’s demonstrated efforts to reduce housing segregation. It won’t be easy.
Already in Westchester County, not far north of Yonkers, local politicians are sounding exactly like those here in the 1980s. Ordered to build 750 units of affordable housing in 31 of its wealthiest, whitest towns, Westchester’s county executive, Rob Astorino, staged a photo op at Hillary Clinton’s front gate in Chappaqua, warning: “This is happening right here in Westchester County, and if you live in Ohio, if you live in Florida, if you live in Maine — wherever you live in the United States — you are next.”
But if there is a new commitment from the federal government, and the longstanding but deeply frayed rules are actually (and finally) enforced, then perhaps the legacy of Yonkers can be more than Pyrrhic. Maybe we’re a few steps further along than we thought.
|Germany has been insistent that the so-called peripheral countries increase their competitiveness through slower wages rises or even wage cuts. Wage increases in Germany are an equally important, and symmetrical, part of this necessary adjustment process.|
The wage increases are steps in the right direction, but relatively small steps. More gains for German workers in the future would be both warranted and a win-win proposition for Germany and its trade partners.
— Ben Bernanke, “German wage hikes: A small step in the right direction,” Brookings Institution, April 13, 2015.
It was as if Christopher Hitchens had woken up one day as Secretary of State. Varoufakis was no longer writing elegantly prosecutorial blog posts about Christine Lagarde, the managing director of the I.M.F.; he was meeting with Lagarde. Within days of Greece’s election, an academic with Marxist roots, a shaved head, and a strong jaw had become one of the world’s most recognizable politicians. He showed a level of intellectual and rhetorical confidence—or, perhaps, unearned swagger—that lifted Greek hearts and infuriated Northern European politicians. His reluctance to wear a tie seemed to convey the impossibility of containing his manliness.
Was it possible, that at every gathering--concert, peace rally, love-in, be-in, and freak-in, here, up north, back east, wherever--those dark crews had been busy all along, reclaiming the music, the resistance to power, the sexual desire from epic to everyday, all they could sweep up, for the ancient forces of greed and fear?Pynchon, Inherent Vice