Message for Kerr – no time to whizz through to find your posts. I said I’d link to economists who were supportive of the labour manifesto. A quick whizz now finds three:
https://www.theguardian.com/commenti...eology-economy
https://www.newstatesman.com/politic...s-credible-too
https://www.thecanary.co/trending/20...ur-propaganda/
You say you read the Guardian? I’m amazed you don’t get a more balanced view in there as there have been several articles that have spoken for the Labour manifesto, as well as against. But I agree with earlier comments on here from other posters that you can only look on both manifestos through the filter of your own ideologies, and it seems blinkered to not recognise that. No one, including the IFS can predict how the markets and business will react to such moves. You can suppress wages, but justify that to your workers? You can raise prices, but justify that to your customers when competitors will seek to take advantage. In these cases, the market economy can help check such basic responses.
It is a very ambitious manifesto, and not without risks. I would prefer a more modest advancement from the 2017 manifesto as I’ve already said, I think that Labour made it too easy to be attacked on the manifesto. In saying that, even modest wealth redistribution proposals would still be rabidly attacked so not sure how much difference it makes. I would like more people to be contributing more towards the tax increases, but we have seen that this isn’t electorally successful, so is a non-starter. But we still then have a choice: either continue with more of the same, keep getting what we always get; look at the country and towns we see around us and decide if we need and want a fairer economy and better funded services and if so, then look at the manifestos to see which one we feel is likely to have an impact towards the country and towns that we want to see. The only real certainty, looking at the Tory manifesto is more of the same, no plans to deal with service decline, social care provision, homelessness, poverty.
Re: Labour’s plans relating to economic neighbours, this article compares state size, spending and services between a low state/tax economy in the USA and an opposite in Sweden:
https://www.theguardian.com/business...look-at-Sweden arguing that, despite the IFS inability to see anything other than the neo-liberal ideology, that economies with higher tax and state presence can prosper economically.