Raab in excellent form talking to a constituent
They really don't seem to care about being seen to hold the proles in contempt, do they?
I know. It's really hard not to hold the proles in contemptBut the proles keep voting for them because they like the messages being given.
Had this argument today. I don't think so. I think it's because they've been repeatedly told that this is the best available option and that change is dangerous, e.g. that we cannot afford public spending. That's not a thing that you like, it's a thing that you accept.But the proles keep voting for them because they like the messages being given.
Yeah, I think you're right. People are being stampeded off the cliff by a big scary monster called "SPENDING".Had this argument today. I don't think so. I think it's because they've been repeatedly told that this is the best available option and that change is dangerous, e.g. that we cannot afford public spending. That's not a thing that you like, it's a thing that you accept.
At least you'd better hope it's that, because the alternative is really bad.
In the land of the economically illiterate the one-eyed notion of household economics is king.Yeah, I think you're right. People are being stampeded off the cliff by a big scary monster called "SPENDING".
Surely, economic "literacy" is the problem.In the land of the economically illiterate the one-eyed notion of household economics is king.
Eh?Surely, economic "literacy" is the problem.
It's not economic illiteracy that is a problem, it is economics itself.
Ignorance as bliss?It's not economic illiteracy that is a problem, it is economics itself.
Same with gravity.It's not economic illiteracy that is a problem, it is economics itself.
Yep; a critique equipping the proletariat with the economic literacy to emancipate themselves.Capital: a critique of never mind
Yeah fair, although also a critique of political economy, or economics. It is not the consciousness of men that determines their existence but their social existence that determines their consciousness and all thatYep; a critique equipping the proletariat with the economic literacy to emancipate themselves.
Yeah, also fair.Yeah fair, although also a critique of political economy, or economics. It is not the consciousness of men that determines their existence but their social existence that determines their consciousness and all that
What PT said. A critique of political economy/economics.Yep; a critique equipping the proletariat with the economic literacy to emancipate themselves.
You're happy for workers to rely on 'household'/balancing of the books/'only spending what we can afford' perspectives of macro-economics?What PT said. A critique of political economy/economics.
How does a "better" economic literacy help when the purpose of economics (all economics) is to maintain and extend the exploitation of workers?
Of course not, but the key is to make a political challenge to such a view not an economic challenge. Economics is the problem, all economics, we cannot use an "improved" economic literacy to escape from economicsYou're happy for workers to rely on 'household'/balancing of the books/'only spending what we can afford' perspectives of macro-economics?
Your first 3 words suggest we don’t really disagree that economic illiteracy is a barrier to political challenge.Of course not, but the key is to make a political challenge to such a view not an economic challenge. Economics is the problem, all economics, we cannot use an "improved" economic literacy to escape from economics
Raab in excellent form talking to a constituent
That's well argued and this exchange of views has caused me to think very carefully about my call for greater economic literacy. (thinking this might make an interesting thread...if there isn't already one on economics!).I think the disagreement is a subtle but crucial one.
The purpose of Keynesianism was not to reduce the exploitation of workers but to increase it, to make that exploitation more effective. As I've said the purpose of economics is to maintain and increase it the exploitation of labour, so the escape route of labour from that exploitation cannot be via greater economic "literacy".
In fact a defence of economic literacy merely strengthens capital, it makes economics an important branch of knowledge (And note you are not even taking about political economy but economics).
Who are the most economic literate? Well we better make sure they have the handling of the economy rather than politicians.
Why should we do X rather than Y? Because it is better economically, i.e. better for capital.
The defence of the EU was built on an economic defence, spearheaded by the economically literate BoE or OBR - whatever your views on the end result the rejection of the experts by so many is something to cheer not criticise. At a point when so many workers, rightly, hold economics and economists in such disregard why do we want to restore confidence in the tool of capital?