Here’s Paul Mason’s 21 point plan for, well, summat. The harbinger of the revolution or some such:
THREAD: Here's my checklist for judging the Labour leadership candidates. 1/ They have to be from the left – there can be no going back to free market authoritarian politics… (full list below) pic.twitter.com/rjUXRe6RNk
— Paul Mason (@paulmasonnews) December 17, 2019
There’s a certain problem in here. 11 is in direct contradiction to 9 and 10. And that idea of “there can be no going back to free market” is equally in direct contradiction to 11.
Because the moment you start talking to professionals about the economy you end up being told that the only effective and efficient way of doing anything is that market.
Well, OK, not anything. But there is indeed a general agreement that there are parts of the world around us that cannot be handled in any other manner.
Take, for example, that Green New Deal thing. Absolutely every professional economist who has studied the problem comes back with OK, either a carbon tax or cap and trade. William Nordhaus got the Nobel for saying so. The Stern Review is quite specific – do not try and do this by central planning. For that is the inefficient manner and people do less of things that are more expensive. Precisely because climate change is so important it must be done in the most efficient manner possible – the one intervention into market prices then leave markets to process through matters – so that we do as much as is necessary to deal with the problem.
Even the IPCC says, in its scenarios for emissions, that markets and capitalism are the way to deal with it. The non-market models give distinctly worse results than those which do things sensibly.
That is, you can listen to professionals, experts, people who have a fucking clue, or you can have the Green New Deal and radical economic and fiscal policy. What you can’t have is both, professional advice guiding your actions and policies of counterproductive stupidity.
But then, you know, Paul Mason and economics…..