[lbo-talk] Response to MG -- Was Poll....

James Heartfield Heartfield at blueyonder.co.uk
Thu Jul 7 03:33:03 PDT 2011


SA: ‘The "sense that Keynes meant" was of policy-induced full employment.’

In fact, Keynes thought full employment was deeply problematic, as he made clear in the Second World War, when he campaigned to have workers’ wages capped to stop them from taking advantage of the increased demand for their services (this is all in Skidelsky’s last volume of biography).

David Cameron’s measures are not ‘full employment’, but he has put in £2500 tax breaks for employers taking on young unemployed.



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