Extracts from: Warren Mosler’s Soft Economics paper
“In the midst of great abundance our leaders promote privation. We are told that national health care is unaffordable, while hospital beds are empty. We are told that we cannot afford to hire more teachers, while many teachers are unemployed. And we are told that we cannot afford to give away school lunches, while surplus food goes to waste.
When people and physical capital are employed productively, government spending that shifts those resources to alternative use forces a trade-off. For example, if thousands of young men and women were conscripted into the armed forces the country would receive the benefit of a stronger military force. However, if the new soldiers had been home builders, the nation may suffer a shortage of new homes. This trade-off may reduce the general welfare of the nation if Americans place a greater value on new homes than additional military protection. If, however, the new military manpower comes not from home builders but from individuals who were unemployed, there is no trade-off. The real cost of conscripting home builders for military service is high; the real cost of employing the unemployed is negligible.
The essence of the political process is coming to terms with the inherent trade-offs we face in a world of limited resources and unlimited wants. The idea that people can improve their lives by depriving themselves of surplus goods and services contradicts both common sense and any respectable economic theory.”
I kind of see where this guy is trying to go but I think he is comparing oranges with apples and sounding a bit all over the place and not actually understanding the logistics or economics of his points he is trying to put forward
For example
We are told that national health care is unaffordable, while hospital beds are empty = this makes no sense? If a bed is empty it is because a) there is no one to fill it....highly unlikely or b) there is noone to to staff it.....highly likely .
The shortage of staff and the shifts they are expected to work result in emptier beds? Yet all I here is over crowding of hospitals and waiting lists so were exactly are these empty beds?
His second point we cannot afford to hire more teachers, while many teachers are unemployed well and? Is he expecting the unemployed teachers to work on a voluntary basis?
we cannot afford to give away school lunches, while surplus food goes to waste. free school lunches are available and readily available in the uk
It sounds like he his listening to the tories .and believing their propeganda....however the things he his taking to make statements with are things that are still here and solid so far in this country
The area that has suffered directly under a coalition (tory) government are the sick/disabled and vulnerable elderly
All the recent changes have passed through unchallenged/silently/ and without challenge of people such as the person you are quoting because he, like many others only bothers about the issues that effect him directly
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