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| Michael Gove |
“Very important PDF here: “The privilege of public service” given as the Ditchley Annual Lecture.
“Gove's (FDR/Gramsci) manifesto for the revolutionary strategy of the Cummings-Boris-Gove axis. Would also serve for post-Trump Republicans too. There is an alternative to Woke!!”
“69 pages! A summary would be better... did you read it all (I only know the page count)?”
“Yes I did. It's widely spaced, interesting and important. A manifesto. Takes about ten minutes to read. You should be aware of the FDR "New Deal"; Gramsci is optional, although recommended.”
“Civil servants have to move to get promoted so no expertise is retained. Gov recruits humanities grads from the middle class. Everyone in gov is hostile to brexit. The Government doesn't evaluate programs for effectiveness; innovation= risk, don't do it. No one ever got fired using IBM. Haves and have nots driving identity politics. Loss of confidence in the system is sure to widen the gap between rich and poor. Cognitively-able taking a bigger share of the pie which isn't growing larger. Gov very London-centric, applause from 'the village' driving decisions: lobbyists, media, business interests, all London.
“Ultimately, there's nothing new here.”
“Except that they said it. And identified all those things as problems. And said they intended to address them. It's a manifesto. What we used to call "Blue Labour"! I think it puts Starmer and the LP in a difficult position, sandwiched between histrionic Woke and this neotraditional Labour policy. Tough...”
“The big building program announced has a Keynesian flavor to stimulate demand - Tony Blair plan B?"
“If they don't soak up mass unemployment, that plus the fury of the Woke will amount to Big Trouble! as Trump might say. Besides, it's CAPEX, isn't it?”
“They need to watch the debt level: if they can't raise funds, game over.”
“Trust me they will print it - like a few weeks ago. QE.”
“Taxation Henry VIII style.”
“Don't say the I-word! Never has inflation solved so many problems! (Government debt, wages lowering to improve profitability...).”
“3rd world countries live by it.”
“Given persistent low interest rates, pretty mandatory during a recession, only asset values (claims on future profits) tend to resist inflation and that only in the longer term. So equity.”
“Land and property too.”
“Yes. Rents are always nice!”
“Inflation based financing is fairly regressive.”
“Re-establishing profitability tends to have a regressive effect on those not fortunate enough to be sitting on a pile of equity. Still, a new round of energetic, animal spirits growth in 2022/3 will feel good - and set things up for the next election…”
“69 pages! A summary would be better... did you read it all (I only know the page count)?”
“Yes I did. It's widely spaced, interesting and important. A manifesto. Takes about ten minutes to read. You should be aware of the FDR "New Deal"; Gramsci is optional, although recommended.”
“Civil servants have to move to get promoted so no expertise is retained. Gov recruits humanities grads from the middle class. Everyone in gov is hostile to brexit. The Government doesn't evaluate programs for effectiveness; innovation= risk, don't do it. No one ever got fired using IBM. Haves and have nots driving identity politics. Loss of confidence in the system is sure to widen the gap between rich and poor. Cognitively-able taking a bigger share of the pie which isn't growing larger. Gov very London-centric, applause from 'the village' driving decisions: lobbyists, media, business interests, all London.
“Ultimately, there's nothing new here.”
“Except that they said it. And identified all those things as problems. And said they intended to address them. It's a manifesto. What we used to call "Blue Labour"! I think it puts Starmer and the LP in a difficult position, sandwiched between histrionic Woke and this neotraditional Labour policy. Tough...”
“The big building program announced has a Keynesian flavor to stimulate demand - Tony Blair plan B?"
“If they don't soak up mass unemployment, that plus the fury of the Woke will amount to Big Trouble! as Trump might say. Besides, it's CAPEX, isn't it?”
“They need to watch the debt level: if they can't raise funds, game over.”
“Trust me they will print it - like a few weeks ago. QE.”
“Taxation Henry VIII style.”
“Don't say the I-word! Never has inflation solved so many problems! (Government debt, wages lowering to improve profitability...).”
“3rd world countries live by it.”
“Given persistent low interest rates, pretty mandatory during a recession, only asset values (claims on future profits) tend to resist inflation and that only in the longer term. So equity.”
“Land and property too.”
“Yes. Rents are always nice!”
“Inflation based financing is fairly regressive.”
“Re-establishing profitability tends to have a regressive effect on those not fortunate enough to be sitting on a pile of equity. Still, a new round of energetic, animal spirits growth in 2022/3 will feel good - and set things up for the next election…”
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