fredag 21 juni 2024

Who to vote for?

I intend to vote for Reform (if the postal voting form arrives in time) but their policies are not up to dealing with the problems that face the country. These have their roots in the theories that have been current for the past 100 years in the departments of economics in Oxbridge and the London School of Economics, and which circulate within the civil service and and the government. Until these theories are recognised as bogus, policies which might succeed are simply not available to whoever gets elected. 

At their root is the notion that government revenue should be raised primarily from taxes on productive and legal economic activity. This is ultimately self-defeating, since it leads to a death spiral. The present mania for bringing ever more people into the country is a desperate attempt to escape the inevitable. The system was never viable, and much government spending has had to be financed by inflation; sterling has lost 98% of its value since the end of the war, and there are other countries which have even worse records for inflation than Britain.

Whether the country has the stomach for making the necessary changes is doubtful. Reform seems unlikely to take the initiative in the right direction, which means that it will inevitably disappoint.

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