(no subject)

[chess]

I've been finding out lately that a disturbing number of you are conservatives/Tory supporters of some stripe or another. Being somewhat of a flaming red socialist myself, I'm interested in how you guys justify the belief that the rich ought to get richer and the poor ought to fend for themselves that seems to be the Tory standpoint to me...

Comments

[requiem-17-23.livejournal.com]

The trite and obvious answer is:

It makes new ones by running a deficit - in effect, the government hires them. This can be paid back in times of economic boom, when the economy needs slowing down or it will overheat - in effect, the government sends them on to better-paying jobs in the private sector.

This is of course not the entire truth. But there is a baseline level of unemployment that can never be eliminated - that's not to say there should be 'chronic unemployed', merely to say that unless there are some people without jobs it is impossible to recruit.

If there really isn't enough economic activity in the country to support its population, then those who see other countries as a better deal should emigrate. That's the capitalist solution. Personally I'd prefer the fiscal method above - but I'm not up with latest economic theory, so there may be other methods too.

[senji.livejournal.com]

Wow, it's a sane capitalist :).

The emigration problem has a high activation cost -- who is going to pay for a 50 year old ex-steel worker to move abroad?

Also, of course, market swings tend to occur fairly globally...