asterisk2a + good + osborne + neoliberalism   4

SPERI Annual Lecture 2015: 'The Failure of Austerity' by Lord Robert Skidelsky - YouTube
economic history - "state spending inherently unproductive." // borrowing is deferred taxation - David Richardo - Rational expectations. Market economy always tended full employment. // Theory and Facts did not align. Keynes realised it post-war. Private investment is inherently volatile, ie slump conditions. state to offset underinvestment of private sector and match their retreat. getting rid of abnormal unemployment. done through monetary expansion (QE) and put onto state balance sheet available to spend. // Where 2009 forward QE got to banks ... // Paul Krugman - Confidence Fairy. // "Look after employment, and the budget will look after itself." but today it's the bond holders confidence who shapes budgets. // Keynes 'it is the long-term confidence of businesses that shape investment, confidence in state to no let a slump happen again.' but austerity, out of ammo talk, political-, social environment/sentiment & Osborne's '2016 will be tough year' speech were counter-productive.
austerity  economic  history  Robert  Skidelsky  Richard  Koo  David  Ricardo  sovereign  debt  crisis  underinvestment  productive  investment  competitiveness  competitive  public  utility  public  investment  education  policy  public  transportation  Good  infrastructure  investment  QE  monetary  policy  fiscal  policy  George  Osborne  trickle-down  economics  tax  code  progressive  taxation  oligarchy  plutocracy  Super  Rich  1%  neoliberalism  neoliberal  Chicago  School  stagflation  secular  stagnation  Pact  business  cycle  business  confidence  consumer  confidence  Schuldenbremse  western  world  Paul  Krugman  political  folly  political  theory  political  economy  political  error  macroprudential  policy  macroeconomic  policy  microeconomic  policy  financial  cycle  Greed  economic  cycle  inflation  expectation  expectations  Super  debt  servitude  GFC  recovery  Conservative  Party  fearmongering  Fear  Career  Politicians  nasty  David  Cameron  PR  spin  doctor 
january 2016 by asterisk2a
NHS on brink of collapse, warns former health minister | Society | The Guardian
Norman Lamb [...] NHS will crash within two years with catastrophic consequences unless the government orders an immediate multibillion pound cash injection, the former minister in charge of care services says. [...] fears mount among senior NHS officials, care providers and local authorities that NHS and care services are approaching breaking point. [Lamb] accuses the government of dishonesty in failing to admit the scale of the problems [ sick population, premature ageing, chronic diseases, obesity crisis, Big Sugar, food industry, cancer, sedentary lifestyle, demographic bubble, pollution, chronic stress, mental health ]. [ need non-partisan commision ] [...] NHS CEO [...] [sees no] progress in tackling public health problems [which are multi-dimensional][, shaving the top off/limiting the extent/prevention (Sugar Tax/Alcohol Unit pricing review/review of food deserts & fast-processed-junk-food filled grocery stores) against predictable/status quo = pressures continue 2 increase.]
NHS  NHS  Scotland  austerity  Tories  neoliberalism  neoliberal  Privatisation  George  Osborne  Jeremy  Hunt  David  Cameron  dogma  ideology  general  election  2015  election  campaign  promises  Social  Services  Public  Services  Big  Society  Toff  Privileged  Establishment  mental  health  bank  bailout  sovereign  debt  crisis  budget  deficit  Polarisation  manufactured  consent  corporate  state  corporate  media  propaganda  populism  Lügenpresse  Westminster  London  GFC  demographic  bubble  premature  ageing  cancer  chronic  diseases  chronic  low-grade  inflammation  sick  population  Standard  American  Diet  western  pattern  diabetes  dieting  sedentary  lifestyle  western  lifestyle  substance  abuse  alcohol  abuse  drug  abuse  non-alcoholic  fatty  liver  disease  obesity  epidemic  overweight  health  policy  health  health  crisis  health  care  budget  health  care  spending  western  world  western  carnism  awareness  perception  opinion  debate  discourse  utility  Public  Good  health  inequality  Gini  coefficient  inequality  food  poverty  food  industry  Big  Sugar  nanny  state  Sugar  Tax  processed  food  fast  food  junk  food  Desert 
september 2015 by asterisk2a
Bumper payouts for housebuilding executives as market booms | Business | The Guardian
Two of Britain’s largest housebuilders, Berkeley Group and Persimmon, could hand out about £1bn to their top executives and managers in pay and bonuses over the next six years, boosted by strong UK house prices and government-subsidies for home-buyers. Tony Pidgley, founder and executive chairman at Berkeley, is expected to face tough questions on Tuesday at the group’s shareholder meeting near its headquarters in leafy Cobham, Surrey, after it emerged last month that his pay package last year was worth £23.3m. [...] Meanwhile, executives at Persimmon, the UK’s largest housebuilder, also have a Berkeley-style incentive scheme that is one of the most generous to be found at a London stock market-listed firm. [...] Berkeley’s share price has risen more than 40% since the election of a Conservative government in May, [...] [bonuses] “entirely based on short-term performance”. [...] return on equity[.][ < KPI, what gets measured gets done ] &! bbc.in/1KE0jut - Barratt Homes profits +45%
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september 2015 by asterisk2a

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