DynamicSpirit
Established Member
Just as I'm hoping your posts aren't whitewashing them for the mistakes they made.
He he! touché! If it gives you some confidence that I'm not (at least consciously) doing that, I'll say a bit about where I'm coming from.
Yes, I'm a member of the Labour party, I've never made any secret of that on these forums. That obviously implies I agree with Labour more than the Conservatives. However I also am very opposed to the tribalism that affects UK politics so much - frankly, I despair at the way Labour politicians (and indeed many ordinary members) expect to find fault with everything the Conservatives do and ditto for Conservatives finding fault with everything Labour does. I can think of several areas on which I think the Conservatives have done quite well and I'm happy to say so (as one example: the way they've managed the railways - investing in growing the network while focusing on cutting costs, seems pretty sensible to me. On that issue, it seems to me they have a much better record than Labour did).
On the economy, I think the last Labour Government didn't invest sufficiently in improving the UK's infrastructure and in our manufacturing ability - both of which are crucial parts of growing the economy, and I think they sometimes overregulated. And I suspect there is still insufficient awareness in the part of those on the left who wish to end austerity that doing so is only going to work if you emphasize capacity-enhancing investment as well as consumption. However, on the issue of whether Labour spent too much and is responsible for the recession, and on whether we need austerity, I will say that I've looked at the detailed figures and they just don't bear up to many of the statements that Conservative (and, often, LibDem) politicians make about UK finances under Labour.
I also have some training in economics - not enough to be an expert for sure, but enough to know that the economy works, roughly speaking, as a circular flow of money, and treating Government finances the way you would treat household finances is absurdly simplistic - to the point of being wrong - because it neglects the way that much of the money the Government spends simply comes straight back to the Government in the form of taxes etc. from the economic activity that spending stimulates. That provides another reason why I believe that the Conservatives are wrong on their approach to finances and the claims they make about the last Labour Government.
I should stress though that I'm not opposed to balancing the Government books - I see many reasons why it's a good idea in principle, it's just that if you're going to aim to do it, you need to look at the big picture of what the overall impact of spending decisions on the economy is going to be. Looking at it only from an accounting point of view isn't sufficient.
I also by the way strongly disagree with muddythefish's characterization of certain people being 'enemies'. To my mind, it's important to recognize that most people, of all political pursuasions, are seeking the best for the country, within their own understandings of the situation.
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