Man in a Shed: Jeremy Corbyne

Saturday, September 12, 2015

If Corbyn wins then politics will change

Since its been summer I've been keeping away from much of the news, so have only heard second hand accounts of Jeremy Corbyn.

Many of those are dire predictions of this or that ( resignations, coups, years in the wilderness etc). Almost all of them, I would venture, will be wrong.

Since the Conservative party abandoned defending principle under Cameron, it has also given up educating the electorate. This has left a window of opportunity for the left to propose a radical agenda and be able to rely on the electorate nativity and ignorance to give it a chance. The left were clearly inspired by Syriaza in Greece - though as with all left wing projects the outcome has not been good for the people.

So here are my predictions:

1) Corbyn will shore up Labour's hemorrhaging of support to UKIP ( unless he does so really stupid things with his friends in the IRA, HAMAS, ISIL etc that call into question his patriotism ). The working class's beef has been with career politicians and New Labour types.
2) The EU referendum is now wide open - whilst the establishment will try to tie Labour into the UK surrender part group - Corbyn may allow a free vote or even commit against the EU.
3) The US will be alarmed - very alarmed ( or at least those not working for the direct political team of the current administration will be - as lets face it they are working against the US also ).
4) The Lib Dems have their life raft - if their poll numbers pick up they could get some defections from Labour.
5) Most of the Labour party will shortly go through its Stockholm process with the new hard left/Union administration and go native. Socialists are all about suspending the power of thought and following the dear leader - they will fall into line.
6) Finally the right will realise its needs to defend capitalism rather than just triangulate to fool weak minded voters with tip bits of left wing policies.

Any more ? ( Or will it be Yvette ? )

The pound in your pocket

"We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists." James Callaghan

“The trouble with theoretical economists is that they don't understand that when you have a deficit, you can only finance it by borrowing, and you've got to persuade people that it's worth lending money to you and that they'll get their money back... there's no way of escaping it.” Dennis Healey during the 1976 Stirling Crisis.

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... Lenin was certainly right. There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." John Maynard Keynes, 1920.

"To preserve [the people's] independence, we must not let our rulers load us with perpetual debt. We must make our selection between economy and liberty, or profusion and servitude." Thomas Jefferson, President of the United States of America,1801-1809.

Inflation is taxation without legislation .. Milton Friedman