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American politics

scaramanga said:
A great communicator, unfortunately doesn't understand the first thing about economics.
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I don't see many politicians on either side, here or there who do. So it seems strange to single her out for criticism.

Unfortunately, American and British politicians are more interested in short term political advantage.

At least she has principles.
 
milo said:
I don't see many politicians on either side, here or there who do. So it seems strange to single her out for criticism.

Unfortunately, American and British politicians are more interested in short term political advantage.

At least she has principles.
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I don't single her out for it - everyone with her fairy tale, student activist beliefs in how economics works gets the same.

I'd Godwin you about politicians with principles, but I'm sure you already know that.
 
scaramanga said:
A great communicator, unfortunately doesn't understand the first thing about economics.
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Care to point out a few examples where she has got economic theory wrong ? If you wish to skip this homework because you need to flog some peons I understand. Note I'm on hols and I won't be checking your answers so you can make it up if you like.
 
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scaramanga said:
I don't single her out for it - everyone with her fairy tale, student activist beliefs in how economics works gets the same.

I'd Godwin you about politicians with principles, but I'm sure you already know that.
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I'd rather someone who wanted to make other people's lives better than line their own pocket.

There are plenty of economic policies that are accepted without question by the right but are also fairytales. No side has a monopoly on the truth.
 
Rorschach said:
Care to point out a few examples where she has got economic theory wrong ? If you wish to skip this homework because you need to flog some peons I understand.
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Apologies for the Wiki sauce, but digging any further doesn't appear to have much merit:

  1. "Ocasio-Cortez is a member of the Democratic Socialists of America"
  2. "In response to a question about democratic socialism ultimately calling for an end to capitalism during a Firing Line interview on PBS, she answered: "Ultimately, we are marching towards progress on this issue. I do think that we are going to see an evolution in our economic system of an unprecedented degree, and it's hard to say what direction that that takes.""
  3. Ocasio-Cortez supports progressive policies such as..... "a federal job guarantee" ....... "and energy policy relying on 100% renewables"
  4. "She is open to using Modern Monetary Theory (MMT) as an economic pathway...."
  5. "Ocasio-Cortez has endorsed Bernie Sanders in the 2020 presidential election "
  6. "Ocasio-Cortez proposed introducing a marginal tax as high as 70%"
  7. "Ocasio-Cortez opposed a planned deal by New York City to give Amazon.com $3 billion in state and city subsidies and tax breaks to build secondary headquarters in an area near her congressional district, saying that the city should instead invest the $3 billion in their district themselves"
I like her as a person and as others have stated, she is great when she has the floor. But then she just bricks the bed with her economic policies.
 
milo said:
I'd rather someone who wanted to make other people's lives better than line their own pocket.

There are plenty of economic policies that are accepted without question by the right but are also fairytales. No side has a monopoly on the truth.
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That's true, but her politics on the economics side are no better than those of student activists.

I like her position on equality.
 
scaramanga said:
Apologies for the Wiki sauce, but digging any further doesn't appear to have much merit:

  1. "Ocasio-Cortez is a member of the Democratic Socialists of America"
  2. "In response to a question about democratic socialism ultimately calling for an end to capitalism during a Firing Line interview on PBS, she answered: "Ultimately, we are marching towards progress on this issue. I do think that we are going to see an evolution in our economic system of an unprecedented degree, and it's hard to say what direction that that takes.""
  3. Ocasio-Cortez supports progressive policies such as..... "a federal job guarantee" ....... "and energy policy relying on 400% renewables"
  4. "She is open to using Modern Monetary Theory (MMT) as an economic pathway...."
  5. "Ocasio-Cortez has endorsed Bernie Sanders in the 2020 presidential election "
  6. "Ocasio-Cortez proposed introducing a marginal tax as high as 70%"
  7. "Ocasio-Cortez opposed a planned deal by New York City to give Amazon.com $3 billion in state and city subsidies and tax breaks to build secondary headquarters in an area near her congressional district, saying that the city should instead invest the $3 billion in their district themselves"
I like her as a person and as others have stated, she is great when she has the floor. But then she just bricks the bed with her economic policies.
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Although you are stretching the economic theory busting question a little to 'stuff I don't like', I can see where you are coming from (always). You subscribe to the POIM economics school of thought.

This list sounds fine to me incidentally. I guess it is a matter of perspective.
 
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Rorschach said:
Although you are stretching the economic theory busting question a little to 'stuff I don't like', I can see where you are coming from (always). You subscribe to the POIM economics school of thought.

This list sounds fine to me incidentally. I guess it is a matter of perspective.
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i don't think you'll find many serious economists who agree - especially not with the MMT stuff.

It sounds like a good idea because it sounds like a free lunch. The reality is that it simply cannot work in anything other than some rather extreme and temporary circumstances.

Number 7 is a concern. She didn't appear to understand at the time that New York didn't have $3Bn to give or to spend anywhere, it was simply going to not charge that to Amazon in the future.
 
scaramanga said:
i don't think you'll find many serious economists who agree - especially not with the MMT stuff.

It sounds like a good idea because it sounds like a free lunch. The reality is that it simply cannot work in anything other than some rather extreme and temporary circumstances.

Number 7 is a concern. She didn't appear to understand at the time that New York didn't have $3Bn to give or to spend anywhere, it was simply going to not charge that to Amazon in the future.
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If that worries you wait till you see the mad brick the tories are trying to pull. They are actually leaving the EU single market!! Crazy, eh?
 
scaramanga said:
That's true, but her politics on the economics side are no better than those of student activists.
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Is that any worse than the politics of young Tories? There are plenty of those in our Cabinet.

I don't see any intellectual titans on the American populist right.
 
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milo said:
Is that any worse than the politics of young Tories? There are plenty of those in our Cabinet.
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I don't know of any Tories who are seriously promoting outlandish economic theories that the vast majority of economists either dismiss or ridicule.

milo said:
I don't see any intellectual titans on the American populist right.
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Neither do I. She's in the right party for intellect, they are just pulling themselves apart - much like Labour did with Momentum.
 
scaramanga said:
I don't know of any Tories who are seriously promoting outlandish economic theories that the vast majority of economists either dismiss or ridicule.
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The current government's approach to international trade doesn't have any support outside of partizan economists.
 
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milo said:
The current government's approach to international trade doesn't have any support outside of partizan economists.
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I suspect you'll find a lot more variance of opinion on the merits of Brexit than you will MMT.

After all, not being a member of the EU works just fine for all the countries that are not in the EU.
 
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