No, those are the attributes that drive profit, greed and power into the hands of the few already wealthy, and fuck the rest of us over.
Chat gpt needs sources. The ai is notoriously unreliable and will tell you what you want to hear.We (National and Labour) use Keynesian economics, all countries do, even the ones you complain about like the US:
From chat GPT:
Keynesian economics is a school of thought developed by British economist John Maynard Keynes, mainly from his 1936 book The General Theory of Employment, Interest, and Money.
At its core, Keynesian economics argues that:
- Free markets don’t always self-correct quickly, especially during recessions.
- Government intervention (through fiscal policy like spending and taxation, and sometimes monetary policy) is needed to stabilize the economy.
- In downturns, governments should spend more (even run deficits) to boost demand, while in booms they should save more or raise taxes to prevent overheating.
Key Features of Keynesian Economics
- Emphasis on aggregate demand as the driver of economic output and employment.
- Support for countercyclical policies (government action opposite to the business cycle).
- Tolerance for government borrowing in recessions.
- Belief that unemployment can persist without government action.
Countries that Use Keynesian Economics
Almost all modern economies use some form of Keynesian policies, especially in recessions, though rarely in a "pure" form (most combine with free-market/neoliberal approaches). Examples:
- United States:
- The New Deal (1930s, Roosevelt) was heavily Keynesian.
- Post-WWII economic management relied on Keynesian principles.
- In 2008–09 (Global Financial Crisis) and 2020 (COVID-19), the U.S. used Keynesian stimulus—massive government spending and relief packages.
- United Kingdom:
- Directly influenced by Keynes himself.
- After WWII, Britain adopted Keynesian demand management policies until the 1970s.
- Recent years (COVID-19 furlough scheme, stimulus spending) show Keynesian influence again.
- European Union:
- Many EU states (Germany, France, Italy, Spain) used large fiscal stimulus in 2008 and 2020.
- The European Central Bank combines this with monetary policy.
- Japan:
- Has run repeated fiscal stimulus programs since the 1990s to fight stagnation (“Abenomics” included Keynesian-style government spending).
- Australia & New Zealand:
- Used stimulus packages during the 2008 crisis and COVID-19.
- Generally follow mixed economies with Keynesian interventions when needed.
- Developing economies(e.g., India, Brazil, South Africa):
- Often use Keynesian tools (infrastructure spending, subsidies, public works) to boost employment and growth.
In short: Most modern economies are “neo-Keynesian” in practice, combining market mechanisms with government intervention when markets fail.
Bollocks. The government is bought and sold by the tobacco and alcohol lobby, amongst others.
Ok… chat gpt is wrong and you provide no alternative source… hmmmm.
I’m personally more liberal but aware many can’t do what I do. I believe in the welfare system and am pro public health and education. Like you, I frequently question aspects of society and if we can do better or different.
Please don't try and rewrite history in your own attempted game of lame one upmanship.
I don’t even know what your posting about now? We know you don’t like any mainstream politicians!
Yeah ok I can see this
Act did get circa 10% of the vote. Yes, there were donations and influence. But PR and policy resulted in people turning up on election day to vote for them. Nobody held a gun (or a dollar) to their heads to vote for act. Therefore what you vote for is what you get
Yes yes yes. But these people were voted in. As idiotic as Trump is, for example, he resonated with the electorate so what we are seeing now is, directionally,, the desire of voters
Definitely my take. I don’t profess to be any sort of knowledgeable authority. Just trying to make sense of how economic theory ends up in policy. My *opinion* is that it *generally* ends up in policy via democracy. But it is more palatable to think it is an offshore organisation than it is to think it is your friendly neighbour
Don’t know if this is directed at me so I’ll just leave it there
This shows you understand there’s no real alternative that has challenged neoliberalism in real life, you just dislike our current system, and that’s fair enough.
Pinochet in chile wasn't voted in. Neoliberalism was forced on that country resulting in disaster for the majority population. I don’t have bruce jessons references to hand, but members of the national and Labour parties were on sponsored trips to the Chicago school of economics in the late 70s. These things don't happen in a vacuumYeah ok I can see this
Act did get circa 10% of the vote. Yes, there were donations and influence. But PR and policy resulted in people turning up on election day to vote for them. Nobody held a gun (or a dollar) to their heads to vote for act. Therefore what you vote for is what you get
Yes yes yes. But these people were voted in. As idiotic as Trump is, for example, he resonated with the electorate so what we are seeing now is, directionally,, the desire of voters
Definitely my take. I don’t profess to be any sort of knowledgeable authority. Just trying to make sense of how economic theory ends up in policy. My *opinion* is that it *generally* ends up in policy via democracy. But it is more palatable to think it is an offshore organisation than it is to think it is your friendly neighbour
Don’t know if this is directed at me so I’ll just leave it there
I just think that most people, nowadays, are just trying to do the best they can with their 60-80 ish years on earth. When you are dead, you are dead, and you don’t get to enjoy the fruits of whatever economic theory you align with, for eternity. Most people are just trying to have the easiest life they can, and will vote in accordance with this. Self interest is the easiest concept to understand and with the requirement for both parents to work, people generally vote in a way that protects their own pocket. Is it a capitalist spiral? With scarcity of resources, the dismantling of royalty and distrust of authority, I think so
Is Gavin their best hope
substack.com
Is all this intrigue pointing to an Atlas coup in the RBNZ?Adrian Orr Was Pushed By Neil Quigley - Nicola Willis Knew
Quigley, the RBNZ Board etc. all appeared to take part in this explosive cover up. So did our Finance Minister. Part 1 of 2.
View attachment 14332
Unless Elon hacked the election... what then?
It was definitely a knock on
Certainly points to a limitation of influence within the bank, and more of an external influence for what is supposed to be an externally independent apolitical (albeit neolib) organisation
Big proponent of Keynesian economics
All these guys playing Fantasy leagues and wrighty's player agent games, where do they get the time? Some of us have jobs and productivity targets to meet.
I like to look at it all as a natural extension of my day job.
