Margaret Thatcher dead

[Beer Keg Peg Leg]

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Is there any reason why you all think that socialism and capitalism can share the same bed?? �What do you think would've happened to Brittain if there was no Thatcher?? �When the government pays for growth is it really growth?? �Do I need to read Marx?? �...serious questions.

[close]

I would consider myself a marxist however history has shown that Keynesian methods are perhaps the most effective management system for capitalist economies. This is basically what it entails:

"active government policy could be effective in managing the economy. Rather than seeing unbalanced government budgets as wrong, Keynes advocated what has been called countercyclical fiscal policies, that is, policies that acted against the tide of the business cycle: deficit spending when a nation's economy suffers from recession or when recovery is long-delayed and unemployment is persistently high?and the suppression of inflation in boom times by either increasing taxes or cutting back on government outlays. He argued that governments should solve problems in the short run rather than waiting for market forces to do it in the long run, because, "in the long run, we are all dead."[12]"


People like Thatcher and Reagan decided to say fuck the last 80 years of economic history and engaged in policies to help make their upperclass homies hella rich. Their legacy is one of inequality and a global economy in shambles. Fuck them.

[close]

I understand that deficit spending promotes growth and adds jobs. �That's obvious. �What isn't obvious is what the long term plan is. �"In the long run we are all dead" �That famous quote irks me. �Let's play with no rules because we're all going to be worm food one day, right? �In order for Keynesian economics to work, everyone has to be on board and the moment to start paying off the debt has to be clear and crises won't happen during this boom time. �It seems like quite the hail mary. �Or am I thinking of it wrong and debt just doesn't matter? �I'm not saying that Thatcherism and Reagan's economic policies will lead to less debt either as it didn't. �Bill Clinton did, what was his magic economic policy?

Also, British Parliament makes great reality tv.

Well, Keynes probably wasn't aware how true his statement would be but in the long run; we are all very much 'dead'. Capitalism is predicated on endless growth and in a world of finite resources we will inevitably be left with an unmanageable population and limited livable and arable land.

To your questions though, I don't really understand how Keynesian economics is a 'hail mary' with 'no rules'. As a management system that recognizes the deficiencies of markets it is very much a set of rules by which we can overcome these deficiencies. Debt isn't the worst thing in the world as popular debate would have you imagine. It is a necessary function of a large economy and is very manageable at the right levels, especially when 'borrowed' money is invested in necessary public infrastructure. A significant portion of debt is payed off by inflation anyway. Decisions about how to manage this debt should be made by the Treasury department and a publicly mandated Central Bank. In regards to this you are right ina �way. It seems very few people have the social responsibility to ever vote for a candidate who will raise taxes, so an informed public is necessary for the function of a Keynesian economy. If we can manage that it's really not that difficult if we can ensure are leaders are conscious of long term sustainability and not short term profits. Reagan and Thatcher cut taxes while at the same time increasing military spending, at the cost of things like public housing, healthcare, and education, which are investments upon which you will inevitably see economic (not to mention moral) returns.
free market zealots like to point to Clinton's 'small government' approach and the growth experienced during his presidency, but fail to realize that he came to power at the start of the tech boom. They have a fundamental misunderstanding of Keynesian policy; it dictates that in boom times you cut back spending and increase taxes, which is what he did for the most part. Although I am a critic of Clinton, these policies were at the very least economically sound.

[Tufty]

The sad truth is that thatcher is dead but her neo-liberal agenda is alive and kicking.

[Ronald Wilson Reagan]

Deficit spending in a keynesian model is only supposed to occur during economic slowdowns. The idea is that its not the amount of money, but the movement of it, which makes an economy improve. Governments have a strong ability to get money circulating and flowing to "prime the pump" of the rest of the economy. I focus generally on American policy (maybe that makes me a dickhead American, sorry?) but in the U.S., the government is the largest buyer of goods. When they cut spending, the market loses its biggest customer, when they spend at a deficit, its like the biggest customer is on a shopping spree. The idea is that money starts going into business, businesses make more money, spend more money, and keep the fluidity of money going, strengthening the economy. Also, strengthened businesses end up paying more in taxes when they do more business. Remember: the government isn't burning that money, they are sending it out into the economy.

On the other hand, austerity reduces spending by the biggest buyer of goods, makes companies save more and spend less, and slows the economy down. That's why Europe is fucked, and why the U.S. sunk deeper into the great depression when Hoover tried to shrink the budget. The governments are essentially sucking money out of the economy and not putting it back in. The U.S. is going to be the next one to prove this is the case

[neko]

The sad truth is that thatcher is dead but her neo-liberal agenda is alive and kicking.

Deficit spending in a keynesian model is only supposed to occur during economic slowdowns. The idea is that its not the amount of money, but the movement of it, which makes an economy improve. Governments have a strong ability to get money circulating and flowing to "prime the pump" of the rest of the economy. I focus generally on American policy (maybe that makes me a dickhead American, sorry?) but in the U.S., the government is the largest buyer of goods. When they cut spending, the market loses its biggest customer, when they spend at a deficit, its like the biggest customer is on a shopping spree. The idea is that money starts going into business, businesses make more money, spend more money, and keep the fluidity of money going, strengthening the economy. Also, strengthened businesses end up paying more in taxes when they do more business. Remember: the government isn't burning that money, they are sending it out into the economy.

On the other hand, austerity reduces spending by the biggest buyer of goods, makes companies save more and spend less, and slows the economy down. That's why Europe is fucked, and why the U.S. sunk deeper into the great depression when Hoover tried to shrink the budget. The governments are essentially sucking money out of the economy and not putting it back in. The U.S. is going to be the next one to prove this is the case

true all that.

[The Human Condom]

Amanda Thatcher, Margret Thatcher's 19 year old granddaughter. 

She's from Texas and runs college track.

""

EDIT:
She's reading a bible verse.

[Beer Keg Peg Leg]

i'd sink her belgrano

[_UniversalTruth_]

'Spiritual wickedness in high places'?
She must be a conspiracy theorist!

[chockfullofthat]

I didn't understand a single word that bitch just said

[Tufty]

 Thacher's funeral paid by tax payers is the biggest dishonour for her and her politics. Those neoliberal faggots are full of contradictions i wonder why people preach their word.