Interesting claim Paul

Social democracy’s electoral decline – from Scotland to Poland – is rooted in its attachment to free-market economics, which it needs to deliver rising wealth and wellbeing for the broad mass of people. The years since 2008 have shown that it does noth and it cannot.

Guess that 250 years of the Great Divergence and economic growth was just a mirage then.

11 thoughts on “Interesting claim Paul”

  1. So Much For Subtlety

    This isn’t our Paul is it?

    All across Europe, social democrats need to say to their Spanish counterparts: form an anti-austerity coalition and redefine centrist socialism around something better than the dole queue and the riot policeman’s stick.

    Sure. Signing up with the people who defended the Gulag is so much better than the dole queue.

    By all means, let’s see Spain default. I welcome it. But let’s also put the blame where it belongs. It is not neo-liberalism that is screwing Spain. It is the single currency. It is the EU. It is the refusal to accept the defeat of the Federal Europe dream.

  2. Classic socialist sneer. Statism in general and socialism in particular fuck everything up and the blame is laid at the markets door.

  3. The countries in Europe with the least attachment to the free market, and the most Statist economies, have double-digit unemployment and scandalous rates of youth unemployment.

    How’s that for delivering well-being and wealth, Paul?

  4. Rob,
    Not to mention the example of Soviet-bloc Europe.

    I bet Mason is Remain, despite what he says in this article.

  5. Seems to me that if they are elected in Spain then its a REALLY good reason for us to have voted to leave a couple of days prior. If we are in, the EU will be wanting us to contribute financially in some way no matter what they do.

  6. So Much For Subtlety

    Daedalus – “Seems to me that if they are elected in Spain then its a REALLY good reason for us to have voted to leave a couple of days prior. If we are in, the EU will be wanting us to contribute financially in some way no matter what they do.”

    Actually I think it is a good reason to Remain. Sorry, I know, but I am afraid that greed often trumps common sense.

    After all, if they do decide to go down the Venezuelan path, eventually they will reach, well, Venezuela. I am seriously thinking of a quick holiday trip to Caracas in search of the fifth Mrs So Much. But I would need a casa to keep my senorita happy. I fancy a piece of the Galician coast. How many years of Podemos before I could buy a decent place for what the air ticket to Latin America would cost me?

  7. SMFS,

    “I am seriously thinking of a quick holiday trip to Caracas in search of the fifth Mrs So Much.”

    Fifth? You might want to think about renting by the hour 😉

  8. WARNING: Beware of adjectives!

    Social Democracy: that would be different from that other kind of democracy…democracy.

    Definition of Social Democracy = the EU = Socialism/Fascism (Although that might be tautological.)

    Social Democracy, like its chums Social Justice, Liberal Democracy and Christian Democracy reminds me of one of the listed ingredients in cheap factory made ice cream of my childhood – “non-milk fat”.

    Of course our brains were supposed to see “non-fat milk” (Milk’s good and to be expected in ice cream, right? Non-fat is good, right?) but in fact “non-milk fat” was either whale blubber or vegetable fat – not something that sounds good in ice-cream.

    File under: you ain’t gettin’ what you think.

    More amusing is the argument that some have, that Social Democracy and Democratic Socialism are not the same, whereas really the former is the latter after a PR firm has got involved.

  9. Bloke in Costa Rica

    It was Hayek who noted that prefixing the word ‘social’ to anything utterly vitiated whatever followed (cf. social work, social justice, social housing).

  10. I sneeze in threes

    Not the fault of the single currency, that’s like blaming the metric system for not having enough length of road because you’ve switched from imperial. The unit of account isn’t the problem, it’s the failure to realise they weren’t allowed to debase or devalue the currency anymore (sneaky tax).

    Wasn’t this the whole point of them joining it, to get a bit of that Bundesbank credibility so to achieve lower borrowing costs? Of course the banks lending the money didn’t care as they assumed they would be backstopped.

    One reason I assume (I’ve not checked the figures)Spain/Greece don’t want to default is I bet they are still running deficits even if you add back their debt interest payments, so they still are spending more than they tax.

    Ultimately it’s not the fault of the evil banks or Wonga or whoever for enticing the poor little economically illiterate politicians to borrow more than they could afford, I can candidly confirm that it’s the fault of neo-liberalism.

  11. I sneeze in threes

    Blaming the currency is just the same excuse as the addict who blames the booze or smack.

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