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Tuesday, 15 March

19:06

The Heath government was not Monetarist – that was left to the Labour Party Bill Mitchell – billy blog

This blog provides another excerpt in the unfolding story about Britain and the IMF and the Monetarist sell-out by the British Labour Party once it was reelected in February 1974. As I noted in this blog – The British Monetarist infestation – I am currently working to pin down the historical turning points, which allowed neo-liberalism to take a dominant position in the policy debate. In doing so, I want to demonstrate why the ‘Social Democrat’ or ‘Left’ political parties, who still have pretentions to representing the progressive position (but have, in fact, become ‘austerity-lite’ merchants), were wrong to surrender to the neo-liberal macroeconomic Groupthink. This is a further instalment of my next book on globalisation and the capacities of the nation-state. Today, we trace the tensions within the Tory Party during the period 1970 to 1974, when the old school “One National Conservatism” represented by Edward Heath came into conflict with the growing Tory Monetarists, who would eventually be the bulwark of Margaret Thatcher’s pernicious regime later in the 1970s.

The Tory Party struggles with Monetarism 1970

As the Conservatives were formulating their election strategy for the June 1970 general election it appeared that they were preparing to implement a Milton Friedmanesque Monetarist agenda – to reduce inflation and bring the unemployment down to what Friedman had termed the ‘natural rate’, which was no more than some rate at which inflation was stable, although the Monetarists had convinced economists that this was the true full employment unemployment rate.

The Shadow Cabinet held a planning meeting over the weekend January 31-February 1, 1970 at the famous Selsdon Park Hotel in Surrey. In his memoirs, Edward Heath said the meeting was “to co-ordinat...

15:10

Solar makes EV battery support for the grid complicated financially Renew Economy

Some findings on a project in Germany which EVs provide ancillary services to stabilize the grid while these cars are charging.

15:09

Why consumers are paying twice what they should for grid connection Renew Economy

Consumers paying more than two times what they should for grid connection, according to new report. But networks tell investors that their revenue is safe because the regulator has them covered, and is resisting calls to "optimise" their asset base.

14:40

Hunt caught out on “peak emissions”, but he may have a cheap solution Renew Economy

Greg Hunt claims Australia has reached "peak emissions". That is not what the data is telling us, but as the world records a stunning rise in average temperature, a new report says emission cuts may be cheaper than thought.

14:38

Australia renewables jobs still in decline, as policy uncertainty lingers Renew Economy

Solar lobby group says Australian renewables sector still feeling impact of Abbott era attacks, as new statistics show a 27% slump in clean energy jobs.

14:35

China state firm buys Taralga wind farm, as Banco Santander exits Renew Economy

China state-owned utility adds 107MW wind farm to its Pacific Hydro purchase, as former world's biggest investor in renewable energy sells key Australian asset.

14:07

Who will be our Winston Churchill on climate? Malcolm, Bill, Richard? Renew Economy

Malcolm Turnbull once voiced his support for 100% renewable energy. Given the latest surge in average temperatures, he should do so again.

14:05

Solar module prices reached 57c/watt in 2015, to continue fall Renew Economy

Tier-1 Chinese-produced solar PV modules fell 10 per cent year-over-year and reached US 57 cents per watt in the fourth quarter of 2015.

13:55

February blows away global heat record Renew Economy

February was the most anomalously warm month Earth has seen in 135 years of NASA record keeping.

13:50

Photo of the Day: Fossil fuels on thin ice Renew Economy

How do you adequately convey the state of global climate emergency in one striking image? Canada has got it covered.

11:59

Meter confusion as NSW prepares for end of premium solar tariffs Renew Economy

NSW gazettes new rules for installations of smart meters, but confusion still reigns on what this means for 150,000 households who lose premium solar tariffs this year.

Saturday, 12 March

04:44

China’s Startups Weather the Economic Slowdown The Diplomat » Pacific Money

Despite a slumping currency and slowing growth, China's startup scene remains full of optimism.

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