Initially I found British Labour Party leader Jeremy Corbyn’s Brexit strategy bizarre. He campaigned to remain in the EU, but not very hard. Then after leave won, he decided to have the Labour Party support the government’s decision to invoke Article 50, using a three line whip to punish Labour MPs who defied him. Two-thirds of Labour voters opposed Article 50–why was Corbyn so intent on preventing Labour MPs from voting their consciences, from voting the way their own supporters wanted them to vote? Why would Corbyn alienate so many party supporters and young activists who had opposed Brexit? Why wouldn’t he take this opportunity to place his party firmly in the remain camp, so that if and when the government’s Brexit plan fared poorly, Labour would be in position to say “I told you so” and reap electoral gains? Is Corbyn a fool after all, or is there some strategy to this that I was missing? I think I have this figured out–Corbyn does have a plan, but it’s not the sort of plan most people expect or want him to have.
Tag: Globalization
Bernie Sanders: What the Economists are Fighting About
Economists have gotten into a big fight with each other about the potential economic impacts of Bernie Sanders’ proposals. First Gerald Friedman came out with a new paper anticipating a tremendous improvement in economic performance under Sanders. Then four economists (Krueger, Goolsbee, Romer, and Tyson) affiliated with the Obama and Clinton administrations wrote a joint letter asserting that Friedman’s claims “cannot be supported by the economic evidence”. Paul Krugman subsequently took their side on his popular blog. Others have defended Friedman–Jamie Galbraith accuses the four of not having rigorously reviewed the paper, while Dean Baker claims that the New York Times is not giving Sanders’ side a platform and that there’s far more support among economists than we are being led to believe. In the popular press, this argument has rapidly devolved into a question of which authorities are more or less credible. I want to give you something better–a readable analysis of the actual arguments at stake here.
Continue reading “Bernie Sanders: What the Economists are Fighting About”
Benjamin Studebaker 