Replying to @ChrisMayLA6@mastodon.me.uk
@ChrisMayLA6 Failure to understand social distribution of effective demand is rhe post-2008 tragedy.
Low-interest after the 2008 crash and resulting possibility of quantitative easing ( #QE) could have been used both as helicopter money and for wage-intensive public investment such as houses. The UK housing crisis could have been eliminated, with huge consequential gains.
But the LibDem breakthrough coincided with -#OrangeBook #neoliberalism, and Clegg missed the moment.:An epochal failure.




![A screenshot of a tweet by Lucy Powell MP ([@]LucyMPowell).
The tweet reads, "Good to be with so many friends and colleagues tonight at [@]LFPME. The Labour Party's commitment to justice, freedom and security for Palestinians is unwavering."
Below the text are two side-by-side photographs.
In the left photo, a person stands behind a podium featuring a banner that says, "LFPME Labour Friends of Palestine & the Middle East", "www.LFPME.co.uk", "[@]LFPME", and "[@]LFPME_".
The right photo shows a group of people posing in front of white draped fabric and an air conditioning unit.](https://plam-staging-01.sdu.li/media/116841285160206759.small.jpg)