news & politics:discussion

[steviewevie]

48 minutes ago, Nobody Interesting said:

As I said in other replies, the tool kit needs changing. What once worked no longer works as it did and as you rightly say a tool designed for one job will not work on the problem we have now.

Anyone looking properly should be asking how supermarkets have doubled profits without an increase in sales when they say all they are doing is passing on their increased costs.

we could try marxism?

[fraybentos1]

11 minutes ago, kaosmark2 said:

Yes I agree. The base rate should have been ~2% between '08-Truss.

They took too long to raise it after the big crash. Then just as they started a bit covid happened, then they took too long to raise them again

[lost]

2 minutes ago, steviewevie said:

we could try marxism?

He's been kicked out of the labour party though.

[steviewevie]

they should bin the bank of england and run monetary policy from here.

[steviewevie]

Listened to this today...interesting if you love a debate about whether Starmer is f**king brilliant or an evil c**t which I know certain twitter dudes do.

 

[steviewevie]

Here:

Keir Starmer’s Labour: hope or despair? – Politics Weekly UK | Politics | The Guardian

presented by sexy 90s icon and Glasto leftfield compere of late John Harris.

[Guest]

15 minutes ago, Crazyfool01 said:

oh definitely things they could do for supermarkets im sure price fixing for supermarkets wouldn't work , but taxing profits might . As it might for some of the astronomic profits of the oil companies 

They could probably look at a windfall in ax on other companies/industries too. The current windfall tax on energy firms doesn’t do anything so a proper windfall tax would be better. 
 

They could be doing so much to actually help people but they refuse to do so which is harrowing. 

[Guest]

14 years of Tory rule. 

[Crazyfool01]

25 minutes ago, Ozanne said:

14 years of Tory rule. 

id hate to see what it might be like if they weren't good with the economy !!!

[Nobody Interesting]

1 hour ago, fraybentos1 said:

That's on the gov surely not the BoE?

Who do you think gave the BOE their remit and powers?

[steviewevie]

33 minutes ago, Ozanne said:

14 years of Tory rule. 

sick man of europe.

[Nobody Interesting]

50 minutes ago, steviewevie said:

we could try marxism?

or we could try systems without names, systems designed for the modern world not times long gone.

 

The problem is that until those who want/demand more all the time accept that they cannot always have this then greed will always wreck any given system.

[steviewevie]

1 minute ago, Nobody Interesting said:

Who do you think gave the BOE their remit and powers?

Labour.

[steviewevie]

Just now, Nobody Interesting said:

or we could try systems without names, systems designed for the modern world not times long gone.

 

The problem is that until those who want/demand more all the time accept that they cannot always have this then greed will always wreck any given system.

ok...cool!

But, what should we call it?

X?

[steviewevie]

doughnut economics?

[steviewevie]

2 minutes ago, Nobody Interesting said:

The problem is that until those who want/demand more all the time accept that they cannot always have this then greed will always wreck any given system.

I think for this to work you need to take humans out of the equation.

[Nobody Interesting]

1 hour ago, Ozanne said:

It’s blatant profiteering by the supermarkets and nothing is being done about it by the government. They could’ve put price controls in place but they didn’t and instead moaned that we all dared to ask for a pay rise.

Raising interest rates at the moment just funnels more wealth to the already wealthy and does nothing to help inflation. 

Profits are what makes GDP/Growth so the government is quite happy to accept all these huge profits. As I wrote earlier, without the huge profits of oil, energy, banks and supermarkets GDP would have dropped by 0.6% and we would have been in recession ages ago.

However you might look at a system and the tools to mend it you must, UI would hope, accept that if you have a leak and turn a tap you want to know fast if it has stopped the leak - not 6-12 months later like interest rate rises.

Interest rate rises along side other policies including tax rises that effect those without loans/mortgages will turn the tap of spending far fast than the single tool you have to wait for results from.

[Nobody Interesting]

4 minutes ago, steviewevie said:

Labour.

or in other words, a capitalist supporting government who finds the current system works fine for them and their backers.

[Nobody Interesting]

2 minutes ago, steviewevie said:

I think for this to work you need to take humans out of the equation.

Yep, selfishness and greed are the two over riding traits of the human race.

[Nobody Interesting]

5 minutes ago, steviewevie said:

ok...cool!

But, what should we call it?

X?

Gerald is a good name.

[steviewevie]

3 minutes ago, Nobody Interesting said:

or in other words, a capitalist supporting government who finds the current system works fine for them and their backers.

yes, but that is way too many words for a political party.

[steviewevie]

3 minutes ago, Nobody Interesting said:

Yep, selfishness and greed are the two over riding traits of the human race.

AI to the rescue.

(or aliens from the planet Socialist Utopia)

[Nobody Interesting]

17 minutes ago, Crazyfool01 said:

id hate to see what it might be like if they weren't good with the economy !!!

In 12 months time one of 2 things will happen.

Somehow the UK economy has managed to become closely alinged to the other main countries and the Tories give us all a tax cut cos they are so great and the fools fall for it again.

or

It is blindingly obvious that the UK is wrecked and it will take 10 years or more to even begin to mend it but Labour fail to do so as they have no new ideas.

 

If only there were other parties with other ideas and not just a two party system.

[lost]

10 minutes ago, steviewevie said:

ok...cool!

But, what should we call it?

X?

I can't believe its not Marxism

[Nobody Interesting]

1 minute ago, steviewevie said:

AI to the rescue.

(or aliens from the planet Socialist Utopia)

I think my previous comment about systems should tell you that I will say there is no such thing as a socialist utopia as greed trumps all.