http://www.guardian.co.uk/politics/2012/oct/20/trade-unions-anti-cuts-demonstration
The article from the Guardian, comments that Milliband was booed when he said that a Labour government would be making cuts today, if it were in power. Such a remark, made to a demonstration specifically called to protest at government spending cuts, demonstrates that Milliband is out of touch not only with the people but also with the historical roots and objectives of the Trade Union movement which created the Labour Party at the outset. The leadership of the Labour Party, should be setting out the alternative to the present government policies, not arguing that there should be cuts, but different in emphasis and timescale from the current programme. He would benefit from understanding how aggregate demand determines the overall level of economic activity and perhaps reading " The General Theory of Employment, Interest and Money" by John Maynard Keynes. The way out of recession is through an expansion of those projects where government is able to have a direct influence on events. Historically, housing and public works have provided the stimulus for growth and increased employment opportunities. The economic "accelerator principle" ensures that benefits work through the economy into other area's. The parliamentary party and the leader in particular, should be wary of creating the impression that when it comes to cuts, the only difference between the parties is where to cut and how quickly to do it. There is an alternative and the Labour Party should be promoting it.
Thousands march in trade unions' anti-cuts demonstration
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| Thousands marched in London, Belfast and Glasgow to protest against public sector cuts being made by the government. |
The article from the Guardian, comments that Milliband was booed when he said that a Labour government would be making cuts today, if it were in power. Such a remark, made to a demonstration specifically called to protest at government spending cuts, demonstrates that Milliband is out of touch not only with the people but also with the historical roots and objectives of the Trade Union movement which created the Labour Party at the outset. The leadership of the Labour Party, should be setting out the alternative to the present government policies, not arguing that there should be cuts, but different in emphasis and timescale from the current programme. He would benefit from understanding how aggregate demand determines the overall level of economic activity and perhaps reading " The General Theory of Employment, Interest and Money" by John Maynard Keynes. The way out of recession is through an expansion of those projects where government is able to have a direct influence on events. Historically, housing and public works have provided the stimulus for growth and increased employment opportunities. The economic "accelerator principle" ensures that benefits work through the economy into other area's. The parliamentary party and the leader in particular, should be wary of creating the impression that when it comes to cuts, the only difference between the parties is where to cut and how quickly to do it. There is an alternative and the Labour Party should be promoting it.
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