An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Pages
▼
Pages
▼
Thursday, October 28, 2021
Government spending, profits & capitalism — Chris Dillow
I suppose the Tory party are sort of like our more traditional center right Republicans? They used to pretty much represent the interests of business owners pretty openly. Didn't really mind government spending when directed at areas where they will make money and it was unlikely to benefit workers all that much? Like military spending. I don't know. I have a hard time trying to figure out what various Republicans in this country seem to want nowadays, let alone a political party in some other country.
I am always suspicious when economists start to talk about things as 'emerging' rather than being a predictable outcome of intent. Chris Dillow posits that an attitude is emerging among Tories because of events where I might think that was pretty much always something they wanted. But I'm sure Dillow knows far more about British politics than I do.
I suppose the Tory party are sort of like our more traditional center right Republicans? They used to pretty much represent the interests of business owners pretty openly. Didn't really mind government spending when directed at areas where they will make money and it was unlikely to benefit workers all that much? Like military spending. I don't know. I have a hard time trying to figure out what various Republicans in this country seem to want nowadays, let alone a political party in some other country.
ReplyDeleteI am always suspicious when economists start to talk about things as 'emerging' rather than being a predictable outcome of intent. Chris Dillow posits that an attitude is emerging among Tories because of events where I might think that was pretty much always something they wanted. But I'm sure Dillow knows far more about British politics than I do.