Just how often do we have to keep on teaching political "leaders" basic economic principles. Why is it so difficult for them to understand that if you reduce public investment, you reduce effective demand, this in turn further reduces production and productivity, and this leads to less wealth and more poverty.
Equally, in an economy where there is spare labour and natural resources an increase in productive investment does precisely the opposite and produces more wealth. The first majority Labour Government did this and proved this, so why is the present Labour leadership so ignorant on economics?
Just how often do we have to keep on teaching political "leaders" basic economic principles. Why is it so difficult for them to understand that if you reduce public investment, you reduce effective demand, this in turn further reduces production and productivity, and this leads to less wealth and more poverty.
Equally, in an economy where there is spare labour and natural resources an increase in productive investment does precisely the opposite and produces more wealth. The first majority Labour Government did this and proved this, so why is the present Labour leadership so ignorant on economics?
They are wilfully ignorant. They must do what their funders demand which is at odds with economic common sense and helping the people.
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He is an uncaring, power grabbing, selfish politician, just like most of them! Scotland is screwed unless we dump this toxic union!
It’s unbelievable
Long overdue.