Monday, 20 October 2008

We Can Conquer Unemployment

The papers are full of Keynes this morning, lots of photos and explanations about his economic theories. Sadly none of the ones I've read mentioned that he was a Liberal and a Liberal at a very unfashionable time to be a Liberal. I pointed out last week that the 1929 Yellow book was the first real Keynesian manifesto. A genuine radical and far sighted document. Sadly Labour won that election and did not follow his bold approach. The Yellow book was widely seen as the template for FDR's New Deal in America and people report that he(FDR) had a copy with lots of scribblings and notes in the margin

I rather like this quote of his:

"I do not know which makes a man more conservative—to know nothing but the present, or nothing but the past."

The Liberal History Group nominated him as one of the 'Great Liberal' and said of him:

'Keynes was also an active Liberal. He was a pioneer of the Liberal Summer School movement, a member of the Liberal Industrial Inquiry, which produced Britain's Industrial Future, the famous Yellow Book (1928), and part-author of the 1929 Liberal manifesto and of the accompanying Can Lloyd George Do It?, which explained the Liberal Party's plans to cure unemployment' More from Liberal History Groups 'Great Liberal' posting

It has taken us 80 years to be back having the our strong suit as the 'main story' . The 1929 election was the best Liberal vote for 45years. We may not have won but we were certainly the only party on the right track. Vince Cable has given us that opportunity again