Friday, July 8, 2016

Neil Wilson for PM!


This is far and away the best short speech I have heard yet. If Neil doesn't want to run, maybe Jeremy Corbyn could hire him as a speechwriter.

Neil Wilson for PM!

Also

58% agree that, ‘we must live within our means so cutting the deficit is the top priority’.

And they are wrong — because the system doesn’t work like that. It is a Noble Lie that needs to be dispelled. But if you are driven by polls you will never understand that or do something about it.




11 comments:

Andrew Anderson said...
This comment has been removed by the author.
Andrew Anderson said...

You can’t rely on the financial sector ‘self-regulating’. The banks have to be proscribed to a short list of useful services and kept on a short leash. You can’t listen to mainstream neo-classical economists who suggest all you need to do is a bit of redistribution while keeping largely out of the way. Neil Wilson

The liabilities of depository institutions are largely merely virtual* wrt the general population yet Neil thinks lack of regulation is the problem!

Hint to Neil Wilson: You can't have honest accounting with liabilities that are a sham.

Those that have lost out to the international globalisation fetish are demanding restitution. It isn’t enough to stand to one side any more. Neil Wilson

Victims should not have to work for restitution yet that's precisely what you propose by advocating a Job Guarantee instead of a generous Universal Basic Income.

*Try using physical fiat, aka "cash", for all transactions if one thinks our deposits are not held captive by the banks.

Ignacio said...

We should work on what we agree, not on what we don't agree.

Until the main paradigm changes focus to acknowledge the difference between 'finance' and 'economics' and learnt hat financial relations are not a superset of 'economic' relations we can't start to disagree on how the specific implementations to deal with our current problems are.


You can't start arguing about more profound changes to the banking system until you acknowledge that money is not something that grows on trees, but is a manufactured human construct.


Or TL;DR: is a moot point discussing things that would only become relevant after is common knowledge a set of truths that now are counter-intuitive to the majority.

Andrew Anderson said...
This comment has been removed by the author.
Andrew Anderson said...

My arguments are not meant for the general public (though I hope they are accessible to all) but for those who understand MMT and yet won't advocate its proper use - to eliminate a lot of private debt, reverse a lot of unjust wealth inequality and to finally, after centuries of their misrule, PUT THE BANKS IN THEIR PLACE.

Bob said...

TLDL is used by cranky music critics :)

Andrew Anderson said...

You remind me of a critic's review of Quicksilver Messenger Service's Happy Trails album.

He noted that the record has another side but "it took me two hours to even get to the other side."

If the music is good, I want it long too.

Ignacio said...

The TLDR was a summary of my post :P

Tom Hickey said...

TLDR, also, tl;dr = "too long; didn't read."

Andrew Anderson said...

I thought your post was succinct.

But now you've mystified me with :P. Is that your tongue? :)

Bob said...

:P and :b are equivalent.