Earlier this month, Britain was in an election cycle, and Russell Brand looked at the Conservative (Tory) political election propaganda. The Tories ran a host of political campaign ads, including on Facebook. One in every £17 pounds the Tories spent on the last general election campaign goes towards drumming up support on Facebook.
Brand analysed their policies, past promises and election tactics as well.
In the video, Brand mentions Quantitative Easing (QE), an economic maneuver governments can take in an attempt to improve the economy. What is Quantitative Easing?
Investopedia states that QE is an “unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply.”
“Quantitative easing increases the money supply by flooding financial institutions with capital in an effort to promote increased lending and liquidity.”
Tories also ran attack advertisements that featured a famous note from a former Chief Secretary to the Treasury that implied that a Labour government would run the country to ruin by not controlling the budget. The note reads “Dear Chief Secretary, I’m afraid there is no money.”