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November 21, 2014

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Luis Enrique

um, but consumption doesn't necessarily predict returns because of dispersed knowledge on the part of consumers.

Suppose consumption decisions are taken with no reference to the future but merely respond to each individuals immediate situation and possible peer effects, in that world consumption patterns might be leading indicators.

Broilster

Hmmm, I'm very wary of the so called 'wisdom of crowds'. Reminds me of the whole MMR debacle amongst other things.

call the sociologist

Agreed she was a traitor and a danger to Labour's crumbling cause and a perfect gift to the Mail & Sun headlines on a bad Tory day. However it illustrates something about the BBC who took up a story about an opposition politician who sent a tweet. BBC must have thanked the tabloids for this breakfast on the sofa populist stuff. Meanwhile they were back to endlessly interviewing Farage as usual and giving UKIP the dominance we have come to expect from our public broadcaster.

Metatone

I'm with Luis Enrique - this is so possibly a connected variable...

From Arse To Elbow

In suggesting that "Labour must respect the working class more and the managerialist pseudo-elite less" you're rather ignoring the history of the party. Managerialism long predates the neoliberal infection and there has always been a class divide within Labour between the officers and the other ranks.

The irony of people like Jason Cowley criticising Ed Miliband for not being Clem Attlee is that the current leader is actually cut from the same cloth. I imagine Attlee would have been as nonplussed by Lady Docker as Miliband was by Myleene Klass.

The problem with Emily Thornberry was not that she took the photo, but that she didn't defend her action with "I'll snap whatever I fucking like". What this incident shows is not that the CLP are snobs, but that they're wimps. This is why a wuss like Alan Johnson is considered a contender and any lippy Scotsman is considered a "bruiser".

gastro george

It seems that the "twitter storm" was a whole 300 tweets per hour. Is that what politics has become?

rogerh

So what makes someone vote this way or that? I doubt anyone reads manifestos or labours much over the issue - its which lot look marginally better or less worse than the other lot. As in Ancient Rome, who manages the crowds is what matters. In touch - hardly matters. In marketing consumer products asking the customers might tell you which colour to make a soap powder packet but not much else. To design a new product you put faith in a team (see Dyson) but politics is stuck with the Overton Window so little new can happen so same-old same-old. So I don't think it matters much that Labour is out of touch, so are the Tories, the problem is seeming to be out of touch - a gift handed to the Tories by Thornberry having a 'Ratner Moment' - a stupid stunt and crass timing.

call the sociologist

Saturday papers in all our supermarkets at least three front pages including Tabloid Times screaming now two days later that the tweet crisis has worsened in Labour. A single silly tweet by a relatively unknown Labour London MP, = Tory/ UKIP propaganda seen by many millions for two days now.

call the sociologist

Trouble is they could worry about managerialism in everything but the Leadership of their party. For all their verbosity about it not one could challenge their manager. Already it looks like the Tories until 2020 because Labour forgot in their model to include the consumers/voters who have rejected in massive numbers their own manager who they have said they want changing.

ThomasH

Could somebody explain why the photo is objectionable. (I stipulate that "white vans" are thought to be owned by working class voters and that the flags are "English.")

gastro george

Marina Hyde is quite good today: http://www.theguardian.com/commentisfree/2014/nov/21/emily-thornberry-tweet-contempt-people-like-them

Especially about the contempt that the media have about "white van man", despite their content. But it's obviously important because, you know, the old-Etonian Dave C has so much understanding about and respect for the English working class.

gastro george

Seeing tomorrow's Observer headlines on the web site, you'd have to think that they're going to support the Tories in the next election. Or maybe they'll be the last Lib Dem voters left.

e

@ThomasH
The image/the tweet can be viewed as a trope for “mindless working class”.
The phenomenon of football hooliganism (new to broadcasting mid ‘70s) is associated with flying the flag of St George. Football in “the days of hooliganism” was almost exclusively a working class pursuit. The now standard media/political narrative which characterises “the working class” as the authors of their own poverty; their own unemployment; and the cause of badly maintained council estates (as pig ignorant, if not hooligans) began to surface along with Thatcherism circa 1979: prior to this having aspirations to be “middle class” was not a condition upon which respect was withheld. This is not so these days. So, the photo can be taken as evidence that New Labour’s conceit (AKA: being out of touch/being thatcherite) is alive and well in EM’s One Nation Labour. Useful if what you’re looking for is something to bash Ed Miliband /Labour with whilst pretending to have nothing but respect for the plebs you wish to sell things to.

windsock

What that tweet shows is that Emily Thornberry is a crap politician. She was buying into the idea that cross of St George England flag = UKIP = (BNP+EDL+NF). All she had yo say under the photo was "Rochester. Great to see enthusiastic patriotism. Hope they are voting Labour!". But she chose to be a smartarse.

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