tag:blogger.com,1999:blog-3422931188472387286.post4790586920227660350..comments2024-03-19T07:16:16.127+00:00Comments on Bevan's Run: The Politics of NHS Market ReformsClive Peedellhttp://www.blogger.com/profile/14800348230625234141noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-3422931188472387286.post-69298033994442180812015-04-07T06:09:04.695+01:002015-04-07T06:09:04.695+01:00I enjoyed so much to read your blog. Generally wri...I enjoyed so much to read your blog. Generally writing skills is attained via practice but you are awesome writer. I am going to share it with my other friends on social networking sites. 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Thanks a lot.<a href="http://www.shicap.com/ppm-private-placement-memo.html" rel="nofollow">Private equity Placement</a>Anonymoushttps://www.blogger.com/profile/03368143111889313563noreply@blogger.comtag:blogger.com,1999:blog-3422931188472387286.post-15429354846603477472012-04-01T16:29:24.244+01:002012-04-01T16:29:24.244+01:00Rereading this blog, I find another way Keynesian ...Rereading this blog, I find another way Keynesian demand management is disparaged. Thus Labour did not keep to tight Tory spending plans for 2 years to meet strict neoliberal fiscal policy. Labour kept to this policy because the economy was expanding so fast had it not done so unemployment would have fallen too low and inflation would have taken off again.<br /> <br />This was the application of conventional Keynesian demand management to the deregulated economy given the recovery that Chancellors Lamont and Clarke had produced under John Major. Gordon Brown confused the situation by saying he was putting the public finances in order when he could either keep the tight policies or risk retail price inflation. The surpluses were incidental though useful to meeting his golden rule.<br /> <br />Budget deficits are not the only stimulus applied to the deregulated economy. While Thatcher was eliminating them, she promoted economic growth by allowing the levels of the money stocks to increase greatly by keeping MLR low. Brown allowed them to increase more modestly. Now interest rates are near zero, the Bank creates huge amounts of low interest credit that is euphemistically called quantitative easing.<br /> <br />The inflationary effects of these monetary policies can be countered by lowering demand and raising unemployment. But this depresses growth and may end in a hyperinflation.<br /> <br />Given the manifest inadequacies of deregulation, how anyone can seriously consider liberating the NHS confounds me. Do freemarketeers believe their own propaganda?George CA Talbothttps://www.blogger.com/profile/18239480745401938873noreply@blogger.comtag:blogger.com,1999:blog-3422931188472387286.post-73052385935279240462012-03-28T15:38:20.459+01:002012-03-28T15:38:20.459+01:00Clive – I welcome your review of NHS reforms and t...Clive – I welcome your review of NHS reforms and their ideological basis. But it accepts some misrepresentations of economic developments and does not go deep enough.<br /> <br />Thus Keynesian demand management did not fail in the 70s. In the UK, the prices and incomes policy failed because trades unions, driven by free collective bargaining, caused huge wage and retail price inflations relying on demand management to maintain growth and full employment. Thatcher abandoned this policy and curbed inflation with weak demand and high unemployment; increasingly blamed on the unemployed.<br /> <br />Reagan, Major and Bush II used Keynesian fiscal policies to maintain growth despite huge budget deficits. But these are quietly ignored and Brown blamed for doing this optimally.<br /> <br />In the US, Christian managements of companies that had dominated markets and paid their workers well were taken over by freemarketeer who optimised profits globally. Watch Richard Wolff’s Economic History: http://vimeo.com/1863172<br /> <br />Free movement of capital allowed this although the principle of comparative advantage used to justify free trade assumes that capital stays home. Keynes understood the threats from free capital and usury when he designed his Clearing Union but the US vetoed it and insisted on Bretton Woods. See my comments as GCAT under Michael White’s How to save the economy: www.guardian.co.uk/politics/blog/2008/nov/13/economy-taxandspending<br /> <br />The deeper problem is widespread acceptance that people should be free to pursue their interests subject to competition and choice. Over time, this ideal has spread from business to finance and personal life and now to government. But religions advocate restraint, concern for others, cooperation and loyalty to the common weal. These values should be paramount in the naturally socialist NHS. Yet few argue it should be an executive agency with disciplined management respectful of subsidiarity that uses limited revenue and capital fairly and sustainably and cooperation, emulation, O&M and R&D to improve efficiency.George CA Talbothttps://www.blogger.com/profile/18239480745401938873noreply@blogger.comtag:blogger.com,1999:blog-3422931188472387286.post-59402223039263954742012-03-28T00:16:18.888+01:002012-03-28T00:16:18.888+01:00HaywoodsLocalVoice - Do you refer to the BMJ's...HaywoodsLocalVoice - Do you refer to the BMJ's Food for Thought for Christmas 2011?<br />The assault on universalism: how to destroy the welfare state<br />http://www.bmj.com/content/343/bmj.d7973George CA Talbothttps://www.blogger.com/profile/18239480745401938873noreply@blogger.comtag:blogger.com,1999:blog-3422931188472387286.post-22968820001335229152012-02-09T15:13:05.790+00:002012-02-09T15:13:05.790+00:00I discovered your web site via Google while lookin...I discovered your web site via Google while looking for a related subject, lucky for me your web site came up, its a great website. I have bookmarked it in my Google bookmarks. You really are a phenomenal person with a brilliant mind! <a href="http://healthcare-consulting.org/revenue-cycle-assessment.php" rel="nofollow">healthcare revenue cycle</a>mikehttps://www.blogger.com/profile/06169812996432978423noreply@blogger.comtag:blogger.com,1999:blog-3422931188472387286.post-35726829239653332452012-01-09T03:17:06.478+00:002012-01-09T03:17:06.478+00:00I think Keynes once said of Hayek something like: ...I think Keynes once said of Hayek something like: "an extraordinary example of how, starting with a mistake, a remorseless logician can end up in bedlam." Which sums up my feelings on reading much of his work very nicely.<br /><br />I'm not at all sure neoliberalism is actually unpopular at the moment, it isn't just politicians who are only tinkering around the edges. The public have some specific things they're angry about, but they aren't expressing interest in an alternative philosophy. <br /><br />And it's not enormously easy to express the alternative. Reality is complex, and some arguments are far easier to compress and distill than others. It's easy to compare austerity to the personal moral rectitude of the household, but harder to start arguing about fallacies of composition.<br /><br />It's easy to conflate market-driven individualism with 'freedom' and to make it appear empowering, but harder to argue that society has a right and an obligation to assert control and produce boundaries.<br /><br />It's easy to say a cat rescued someone from deportation. And on the whole, ideology is often a great deal more pronounced in people's minds than the facts.Renideohttps://www.blogger.com/profile/05988871258733540665noreply@blogger.comtag:blogger.com,1999:blog-3422931188472387286.post-73663429986433771742012-01-08T20:03:22.299+00:002012-01-08T20:03:22.299+00:00Thanks wonderful explanation of what's been ha...Thanks wonderful explanation of what's been happening. IMHO the reason for the attraction of Neoliberalism is that it increases profitability. The cake may get smaller but the rich get a bigger slice.<br /><br />If we are to stop this juggernaut we have to get out on the streets in HUGE numbers. I can't think of anything else that will stop them. <br /><br />We should be organising now to build for massive resistance. If we can't stop them destroying our most precious institution, then nothing is sacred. Bye bye any welfare state. We are all f-- sorry done for!Dodgydosserhttps://www.blogger.com/profile/14860987374507124283noreply@blogger.comtag:blogger.com,1999:blog-3422931188472387286.post-82736813807260567782012-01-08T19:05:04.925+00:002012-01-08T19:05:04.925+00:00My favourite aunt regarded the NHS as part of the ...My favourite aunt regarded the NHS as part of the alternative to a revolution in the UK after the Second World War.<br /><br />She was there, and it sounds plausible.<br /><br />As did the view from elsewhere that WW1 was a method of dealing with those who would revolt a generation earlier.Adrian Midgleyhttps://www.blogger.com/profile/00201348867263167871noreply@blogger.comtag:blogger.com,1999:blog-3422931188472387286.post-41493264461302333222012-01-08T17:48:14.668+00:002012-01-08T17:48:14.668+00:00Thanks for comments. The issue of why the politica...Thanks for comments. The issue of why the political class has promoted this ideology is complex in my view. I strongly recommend Colin Crouch's book "The Strange non-death of neoliberalism". He explains that in the post war period the state controlled the market, but when Keynsianism was rejected in favour of the neoliberal doctrine, the market began to control the state. This led to situation of th financial and corporate sector enjoying huge profits and power. So more recently, the state and the market is now controlled by this plutocracy. The political class has been captured by plutocratic class. This has resulted in more and more wealth going from poor to rich. A scandalous situation tha has brought the world economy to its knees.Clive Peedellhttps://www.blogger.com/profile/14800348230625234141noreply@blogger.comtag:blogger.com,1999:blog-3422931188472387286.post-52319560321693215742012-01-08T14:09:33.258+00:002012-01-08T14:09:33.258+00:00"a merger of Thatcherite neo-Conservatism and..."a merger of Thatcherite neo-Conservatism and Orange Book Liberals which believes that getting the state out of the way is the road to a stronger economy and fairer society"<br /><br />Where 'fairer' = keeping what you gain in market activity - justification of polarization of wealth.<br /><br />Neoliberalism serves the interests of those with economic power - it is an ideology not simply an economic programme - hence the huge increases in inequality since late 70s.<br /><br />Why do politicians espouse it? Where do they go when they retire?Charliehttps://www.blogger.com/profile/05734567998498546059noreply@blogger.comtag:blogger.com,1999:blog-3422931188472387286.post-43041507615122428692012-01-08T02:47:45.863+00:002012-01-08T02:47:45.863+00:00An eloquent explanation, Clive.
I remain baffled,...An eloquent explanation, Clive.<br /><br />I remain baffled, however, by the motives of politicians. Why do so many, of every hue, espouse neoliberalism?Elektrahttps://www.blogger.com/profile/16156269476144731576noreply@blogger.com