tenebrisnox comments on Starmer announces resignation as prime minister and leader of the Labour party

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[–] tenebrisnox@feddit.uk 2 points 2 months ago (1 child)

Again, I agree with you. But this "ridiculous claim" WAS made by economists like Krugman and others.

The more alarming aspect is that UK politicians - eapecially in Labour - are now calling for a return to pre-2008 levels of deregulation now because it's now "safe" to do so. Nothing is learned from history and it seems we are destined to repeat it.

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[–] Aceticon@lemmy.dbzer0.com 2 points 2 months ago* (last edited 2 months ago)

It was literally only Krugman, a guy who realiably is on both sides on everything and isn't exactly reputable even if he did once get a Swedish Central Bank Prize Of Economics In Honor Of Alfred Nobel. This guy was amongst other things in favor of Austerity which years later even the IMF conceded had actually been the wrong thing to do.

Now you just reminded me of yet another slimy bastard from the old days.

But yeah, wanting a return to pre-2008 deregulation is insane - for me the Crash was unexpected (I hadn't been in Finance long back then) and I actually spent a couple of years learning Economics and digging down on the reason for the Crash and "Deregulation" was invariably the top one, especially for the UK and US.

Good thing I left Britain just before Brexit - just about every other week something happens there which by the standard of a mere 20 years ago is insane and unbelievable shit to happen in a supposed Democracy, that confirms the wisdom of my choice to leave it.

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