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Are you a fan of "Pay it Forward"?
Think of a Labour economy that way. You employ more people and invest in their futures. Pay them well. They spend that money in the local economy, local businesses and High Streets thrive. Car makers, holiday firms.
This leads to growth /1
Think of a Labour economy that way. You employ more people and invest in their futures. Pay them well. They spend that money in the local economy, local businesses and High Streets thrive. Car makers, holiday firms.
This leads to growth /1
(Sometimes a bit too much, which could lead to inflation) But for every "Pay it Forward" there's a return, just like in life. You might not see it, but the ripples spread far and wide. The local shops invest, builders or fitters get more work. And on and on. That one /2
"good deed" comes back to you in more people paying more tax. More VAT on goods ppl can afford to buy. More ppl in good work with wage rises & hope of promotion.
In the US in the 50s, Ford factories were such vast employers, that when the unions won fair pay, it triggered the /3
In the US in the 50s, Ford factories were such vast employers, that when the unions won fair pay, it triggered the /3
the longest sustained economic "boom" in our lifetimes. (Hence "boomers")
That particular "Pay it Forward" reached the UK and all round the world, so powerful was the tsunami of growth it inspired.
Also Roosevelts "New Deal". /4
That particular "Pay it Forward" reached the UK and all round the world, so powerful was the tsunami of growth it inspired.
Also Roosevelts "New Deal". /4
Roosevelt knew the country needed rebuilding after the great depression. Tinkering wouldn't do.
His programme wasn't so different to Corbyn's manifesto today, yet it was attributed with turning around not just the fortunes of the US, but most of the world.
His programme wasn't so different to Corbyn's manifesto today, yet it was attributed with turning around not just the fortunes of the US, but most of the world.
Pay it Forward requires a leap of faith and trust.
Trusting a stranger to trust other strangers.
So does socialism. "If you build it. they will come".
Build a fair, compassionate society and people will be more fair and compassionate. Trust ppl to be their best selves /5
Trusting a stranger to trust other strangers.
So does socialism. "If you build it. they will come".
Build a fair, compassionate society and people will be more fair and compassionate. Trust ppl to be their best selves /5
We've lived in a Tory, capital, world for so long of "Payback" and debt and want and selfish returns, we've forgotten that anything else works. And can work very much better. Some countries invest more than us, safeguard and promote their ppl better. /6
And they're happier, more stable and more compassionate because of it. They Pay it Forward and their ppl pay it back 10 times over. /Ends
