I pass this on but admit as an American I do not understand...A British friend said that life in Britain was more relaxing as if one did NOT fall below one's station that was acceptable. While in America one MUST always advance
Karl Karlson america appears to have become a lunatic asylum where the patients are given weapons instead of treatment. Perhaps the growing competition you mention brought this situation about
How could these Labor theoreticians ever believe that 10s of millions of people would live with decades and decades of austerity while everyone else (France, Germany, USA, etc, etc) was becoming materially prosperous? Hadn't they ever heard of "envy" and "desire"?
*Doctrine* of full employment? Do the Brits have a different definition of that word from Americans (doc·trine noun A belief or set of beliefs held and taught by a church, political party, or other group. US: a stated principle of government policy, mainly in foreign or military affairs. I ask that, because don't all governments want full employment for their societies?
In this instance he is talking about how governments in the UK in that period saw it as their duty to intervene in the economy to ensure full employment. In practice, this meant a lot of Keynesian economics, also propping up "lame duck" industries and borrowing money to effectively pour into inefficient industries to keep them afloat.
There was an American Beveridge, Albert, who was a senator from Indiana and thinking author.
I pass this on but admit as an American I do not understand...A British friend said that life in Britain was more relaxing as if one did NOT fall below one's station that was acceptable. While in America one MUST always advance
Karl Karlson america appears to have become a lunatic asylum where the patients are given weapons instead of treatment. Perhaps the growing competition you mention brought this situation about
How could these Labor theoreticians ever believe that 10s of millions of people would live with decades and decades of austerity while everyone else (France, Germany, USA, etc, etc) was becoming materially prosperous? Hadn't they ever heard of "envy" and "desire"?
*Doctrine* of full employment?
Do the Brits have a different definition of that word from Americans (doc·trine noun A belief or set of beliefs held and taught by a church, political party, or other group. US: a stated principle of government policy, mainly in foreign or military affairs.
I ask that, because don't all governments want full employment for their societies?
RonJohn63 The governments actually intervened to ensure full employment by creating jobs if there was a shortage. That's the distinction.
In this instance he is talking about how governments in the UK in that period saw it as their duty to intervene in the economy to ensure full employment. In practice, this meant a lot of Keynesian economics, also propping up "lame duck" industries and borrowing money to effectively pour into inefficient industries to keep them afloat.
RonJohn63 I think the term is used in this lecture just as a synonym for “policy”
Lol never saw Cornyn coming did he.
The Dems in American have achieved Total Dem Power (TDP) and will never lose again.
We know that in Americans, Sandernistas are glad to get money for not working, with no sigma.