Thankyou mr blair lol, this has nothing to do with an individual, its about a return to keynsian economics.
Would you compare Greece with the New Deal in the USA or the growth of the economy in Germany in the 30s?
Maybe you prefer the Thatcherite/ Blairite/Cameron elimination of our manufacturing base and the moving of thousands and thousands of uk jobs abroad?
The Keynesian model is not one you can use in a modern world. The whole basis of the model the J curve was found to be inaccurate and central banks just had to stop using it. The error of margin became to large for its continued use. Its the only part of economics that Freidman ever got right IMHO.
Keynes acknowledged the curve would shift and that realignment would bring economic strife or benefit. Freidman pointed out that the number of contributing factors has increased vastly over the years and that made prediction of where the curve would end up impossible. This invalidation his demand side model.
Keynes himself said his work was not complete as he never fully investigated the supply side theories and that is the part that is screwing up his prediction model. He died before he could do it. He also never paid much attention to monetary policy because in a vastly expanding economy you really don't have to.
Lets be fair Keynes was no god he wanted Germany to pay reparations after WW1 that was the root cause of WW2 although not at the level the French imposed and accurately predicted the worldwide chaos it would cause.
So why you think a return to a fundamentally flawed economic prediction model will work when it hasn't work for at least 50 years needs some explanation.
People don't drop models because they still work they drop them because they don't work.
How you can equate an economic situation in the 30's to today i don t know they just aren't relevant examples in the modern world.
The unions killed manufacturing in this country pure and simple. Their refusal to move wit the times and out of date work practices in a world that could now move manufacturing to another continent was never going to end up in a good place.
Those people would love Corbyn and that is all you really need to know.
Your inability to see anything beyond centrally planned economies is the what holds you back. If you can point to one country that operates that system effectively I would be interested to know.
Corbyn will wipeout the Labour party at this election and it will be people like you who are responsible for it. If Miliband was too left wing to get elected and Corbyn already lost one election because he is too left wing, what on earth makes you think he can win this one. I have voted Labour all my adult life. Been a member for over 35 years man and boy I have left because of Corbyn and his band of malcontents.
They remind me of the French Revolutionaries running around trying to see who is not conforming and executing anybody who didn't follow their beliefs. Then being charged with the same crime by the next bunch of malcontents trying to seize power. It all ended up in a very dark place called Napoleon and millions died as a result.
It's not Corbyn you need to worry about, it's McDonnell he is very scary.
