Reeves, Marx and Mosbacher. Cooking The Books – July 2025

The Spending Revue:

Governments can’t control the way that the capitalist economy works. They can, however, decide how they are going to spend the money that they have or plan to have. This is the annual budget. From time to time, in Britain, the government takes a longer view and sets out their spending plans over a period of three or four years.

Did Marx respect the rich?:

‘Even Marx respected the rich more than Reeves’ was the headline of an article by Sunday Telegraph columnist Michael Mosbacher (18 May). He accused Reeves of putting up taxes on the rich because she believes it immoral to be too rich. And quoted Marx as having written in the Communist Manifesto of 1848 that ‘the bourgeoisie, during its rule of scarce one hundred years, has created more massive and more colossal productive forces than have a ...