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 Post subject: Graphs.
 Post Posted: Sat Jan 06, 2018 11:33 am 
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 Post subject: Re: Graphs.
 Post Posted: Sat Jan 06, 2018 12:37 pm 
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A useful chart which does appear to show that on average Labour was more generous to the health service during it's last period of government. What it doesn't do is take into account the multifarious other factors which also affect the economy and the money available to the government at different times. More relevant to me, is where the money was directed within the NHS. For most of that Labour government I worked at a medium sized acute general hospital. It was a local hospital with no big or exciting major specialties. For many years during that period, the funding awarded to the hospital was inflation less 2% as we were required to make 2% efficiency savings each year. The increased funding went on massively developing the bureaucracy across the NHS with numerous supervisory and auditing authorities giving plenty of jobs for the boys, the ridiculously expensive development of failed IT systems, and on supporting the "sexy" highly specialised areas in major centres. Your bog standard local general hospital simply had to carry on with it's annual reduction of 2%.

A chat is a chart but it needs to be understand within context and is only a single indicator of something which may need further analysis or investigation. It is no absolute proof of anything.

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 Post subject: Re: Graphs.
 Post Posted: Sat Jan 06, 2018 1:07 pm 
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In Soviet Russia and Maoist China the biggest gainer every year was the bureaucracy put in place to keep down dissent .

Socialism is the master of the circular argument. Always better to have twenty loyal supports in a "meeting" debating how to get the job done, than twenty people actually out working to achieve the given aim.

Some things never change. I happened to fall on the "Pop" documentary on BBC4 about the year 1985. Those well known supporters of the socialist utopian dream, The Style Council, chose to have their video for "The Walls Come a Tumblin Down" shot in the people's paradise of communist Poland to show their solidarity with the workers

The reality of an audience filled with "chosen" workers ( who were not workers) and the odd "spy" somewhat burst the band's bubble. The comments on the sheer drabness and oppressiveness of communist rule by the band member interviewed, "Made I Larf Miss Dianne".

I bet the communist Polish regime was full of "graphs".

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 Post subject: Re: Graphs.
 Post Posted: Sun Jan 07, 2018 8:50 am 
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 Post subject: Re: Graphs.
 Post Posted: Sun Jan 07, 2018 12:32 pm 
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Another chart using broadly the same information as the previous one you posted.

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 Post subject: Re: Graphs.
 Post Posted: Sun Jan 07, 2018 10:47 pm 
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Figure 2 shows the relationship between real growth in the economy and the size of the national debt as a percentage of GDP over the period from 1950 to 2016. The data are from the Bank of England and with a very weak positive correlation between the two (+.15) it shows that there is essentially no reliable relationship between debt and growth. If anything, the positive correlation suggests that increased debt has been associated with higher, not lower, growth rates. As Mark Blyth points out in his excellent book on the history of Austerity: ‘Austerity has been tried and will keep being tried, at least for the Eurozone, until it’s either abandoned or voted out.  It doesn’t work’.

http://blogs.lse.ac.uk/politicsandpolic ... ocial&utm_

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 Post subject: Re: Graphs.
 Post Posted: Sun Jan 07, 2018 11:28 pm 
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knocker knowles wrote:
‘Austerity has been tried and will keep being tried, at least for the Eurozone, until it’s either abandoned or voted out.  It doesn’t work’.



Looks like an argument for Brexit.

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