tag:blogger.com,1999:blog-4486641877026778105.post2562293702973751056..comments2024-03-27T09:14:27.496+00:00Comments on All That Is Solid ...: The Conservative Party and the StatePhilhttp://www.blogger.com/profile/06298147857234479278noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4486641877026778105.post-48576488375971275232020-07-03T21:34:15.813+01:002020-07-03T21:34:15.813+01:00Just to repeat the obvious, Cummings is not a Tory...Just to repeat the obvious, Cummings is not a Tory.<br /><br />@Dialectician1 - 'the eugenicist Toby Young'. So you don't believe in screening foetuses for genetic diseases then?Dippernoreply@blogger.comtag:blogger.com,1999:blog-4486641877026778105.post-23098138994583840712020-07-03T18:03:15.909+01:002020-07-03T18:03:15.909+01:00I wouldn't read too much into Gove's rambl...I wouldn't read too much into Gove's ramblings. When he was Secretary of State for Education, it was clear that he had only surface-read stuff by E.D. Hirsch (the US educationalist)to justify his elitist curriculum changes. He also drew on David Hargreaves to justify his Academy programme of networks of schools; and God knows where the Free Schools stuff came from, probably from the eugenicist Toby Young. Much like Johnson's tedious references to ancient times, Gove is a gob-shite fraud with a pretence towards erudition. Dialectician1noreply@blogger.comtag:blogger.com,1999:blog-4486641877026778105.post-90794323412843091372020-07-03T12:06:54.602+01:002020-07-03T12:06:54.602+01:00The New Deal shouldn't be fetishised, and its ...The New Deal shouldn't be fetishised, and its importance should be carefully evaluated. Europe had gone into a long wave downtrend by 1920, whilst the US continued to experience rapid growth during the Roaring 20's. It continued to sell lots of stuff overseas, and drew in large gold reserves as its trade balance grew. because of the Gold Standard, this meant US interest rates fell, its money supply expanded, and that led to US inflation, and a hyper inflation of its asset prices, which ended with the 1929 Wall Street Crash.<br /><br />The Us only entered the long wave downtrend in 1929, ten years after Europe. By 1933, when Roosevelt introduces the Dew Deal, the conditions for Europe beginning to grow again were already established. The new industries such as cars, domestic equipment, petrochemicals were already being created in the Midlands and South-East, paying high wages, which also sparked a boom in house building in those areas. This is what created the foundation for the rapid growth in the post-war long wave boom.<br /><br />The New Deal undoubtedly played a part in the short-term in the US, but already by 1937, it was beginning to falter, as the underlying economic played out. Had WWII not intervened physically destroying large amounts of capital that had to be replaced, and thereby consuming large amounts of profit that could have gone to capital accumulation, the post-war growth would have been even faster and stronger.Boffyhttps://www.blogger.com/profile/08157650969929097569noreply@blogger.com