Jeremy Corbyn WINS (40+) economists’ backing for anti-austerity policies

40 people supporting something does not make it mainstream.

40 people supporting something does not make it mainstream.

The conservative IMF supporting it certainly helps.

You're being ridiculous and you know it. These people are teaching and working in their field. They would more likely know what is extreme or mainstream more than a news reporter, government ministers or person on student forum.

The International Monetary Fund is not "conservative", it is an international organisation of which the overwhelming majority of countries are member-states. It also doesn't go around endorsing political candidates or their economic views. There is absolutely no truth in this.

Corbyn doesn't actually have an economic plan. He's talking about spending more in every area - there's no costings, no explanation of how to raise the money.

He'd probably do well to become familiar with the IMF. If he ever became Prime Minister, he'd be going cap-in-hand to it within two years.



Being a lecturer at a university (and looking at a few of them, they're not all economists) does not make you any better qualified than anyone else to make political judgements. Indeed, in my experience there are plenty of academics that will support absolutely mental policies.

They are costed and he has very clearly explained how he will raise the money :/.

I do not understand you people, you believe Socialism and state controls of business and finance results in a prosperous economy. Name one country who follows Corbyn's measures and is prosperous. Not successful America, Not successful Germany, not successful Japan, not successful UK, not successful France, not successful Italy, not India, Brazil and so on. China had a similar outlook but in the 80s underwent extensive privatisation and decentralisation. Since it's economy has sky rocketed. Corbyn would go backwards but unlike China we don't have the sheer size of industry. All successful economies are capitalist with a free market and privatisation. Corbyn has no model country, just a book of Marxism.

Corbyn doesn't actually have an economic plan. He's talking about spending more in every area - there's no costings, no explanation of how to raise the money.

The fact 99% of businesses support Tory measures is more significant to me.

A lefty is going to come in here and claim Scandinavia - even though their corporate tax rates are lower than in the US.

Go 3 years back and they would have been using Venezuela as an example.

Now suffering from bread queues, empty shelves and the electricity going off every day.

Then you have France trying its best to run GDP growth at level while we sit on a lovely 3+%, Russia after the Soviet Union was more like a Victorian England if that. Take socialist nations like Cuba and North Korea- not exactly Utopias. Lefties despise Capitlism so much yet do not realise all socialism brings is economic deprivation which brings social collapse, have these guys never read a history book past the traditional Marxist ones?

This is blatantly untrue. Here is the link to his economic plan: http://www.jeremyforlabour.com/investment_growth_and_tax_justice

And this article analyses his economic policies: http://www.project-syndicate.org/commentary/jeremy-corbyn-uk-economy-by-robert-skidelsky-2015-08



The reason that big businesses support the Tories is because they introduce measures that help big businesses to make profit, often by eroding workers' salaries, job security and working conditions. Not because the Tories' policies stimulate economic growth across the board.

And as for the global financial crash and how labour coped with it, the consensus amongst economists is that if Brown had not implemented Keynesian economics, we would be in much more dire straits economically than we are now.

40 people supporting something does not make it mainstream.

They despise capitalism so much, they're willing to sell their soul and collude with Islamist extremists in order to confront western capitalism.

It's astounding how morally-bankrupt they are. History has repeatedly shown that socialism stunts creativity, dynamism and innovation. It always ends up collapsing into a heap of bankruptcy.

Being mainstream in and of itself doesn't make something correct either. Just because the idea that the Sun orbits the Earth was once mainstream didn't make it true. Which is where a lot fo mainstream economics stands to be honest.

It does however mean that if economic academics can attest to the credibly of corbyn economics you can't continue treating us left wingers as being naive clueless children when it comes to the economy. It's just a rigorous well thought different side of the debate.