news & politics:discussion

[Guest]

1 minute ago, lost said:

I'm happy to. The "following the economics" comment was a tongue in cheek reference referring to society generally doesn't allow alternative opinions nowadays. Even though I think anyone who doesn't think there is a monetary element to inflation is completely wrong.

You are happy to disparage a young female? Seems a bit strange.

[fraybentos1]

22 minutes ago, lost said:

Ok As you said "this" I thought you were referring to the same point.

He clearly was and has now backtracked

[lost]

1 minute ago, Ozanne said:

You are happy to disparage a young female? Seems a bit strange.

Why if she's talking bollocks?

[Guest]

Just now, lost said:

Why if she's talking bollocks?

You weren’t arguing her point you were claiming she hadn’t got any relevant qualifications which I’ve shown she does. She’s evidently very qualified. Maybe don’t attack a young female for that next time, it’s not a good look.   

[steviewevie]

next election might be a good one to lose. Country's finances are going to be fucked.

[lost]

Just now, Ozanne said:

You weren’t arguing her point you were claiming she hadn’t got any relevant qualifications which I’ve shown she does. She’s evidently very qualified. Maybe don’t attack a young female for that next time, it’s not a good look.   

Why though? Is attacking Lizz Truss not a good look because she's female? For me she hasn't got the right qualifications. 

She comes across as a female Owen Jones. An activist pretending to be an economist rather than Journalist. Just sharing anti-Starmer and Tory stuff on twitter 

[fraybentos1]

1 minute ago, steviewevie said:

next election might be a good one to lose. 

Something which is often said but with very little basis.

By that logic 2010 was a good one to lose and it's now 12 years down the line and Labour are still not back in gov.

[squirrelarmy]

5 minutes ago, steviewevie said:

next election might be a good one to lose. Country's finances are going to be fucked.

Again part of the Tory plan. They know they’re losing the next election but as soon as they are back in power they will be digging out the “last Labour government line”

Edited August 4, 2022 by squirrelarmy

[Guest]

6 minutes ago, lost said:

Why though? Is attacking Lizz Truss not a good look because she's female? For me she hasn't got the right qualifications. 

She comes across as a female Owen Jones. An activist pretending to be an economist rather than Journalist. Just sharing anti-Starmer and Tory stuff on twitter 

Because you dismissed her credentials when she evidently does have those qualifications. I’m sure professional females get this all the time compared to their male counterparts. She’s got plenty of qualifications which makes her qualified to talk on the matter even if she’s saying things you don’t agree with. 

[lost]

3 minutes ago, Ozanne said:

Because you dismissed her credentials when she evidently does have those qualifications. I’m sure professional females get this all the time compared to their male counterparts. She’s got plenty of qualifications which makes her qualified to talk on the matter even if she’s saying things you don’t agree with. 

PPE which isn't economics rather the standard route through to the political class in this country, masters in African studies (not economics) and then a management consultant (not economics) then a think tank who push exactly the same ideas.

Dude she's a Corbynista if you agree with her your going to be massively disappointed in Starmer.

Edited August 4, 2022 by lost

[steviewevie]

15 minutes ago, lost said:

PPE which isn't economics rather the standard route through to the political class in this country, masters in African studies (not economics) and then a management consultant (not economics) then a think tank who push exactly the same ideas.

Dude she's a Corbynista if you agree with her your going to be massively disappointed in Starmer.

jeez I don't like what she's saying so I'm going to go through her wikipedia and then disparage anything she's achieved.

[lost]

2 minutes ago, steviewevie said:

jeez I don't like what she's saying so I'm going to go through her wikipedia and then disparage anything she's achieved.

Erm Ozanne posted it above? 🤪

[steviewevie]

4 minutes ago, lost said:

Erm Ozanne posted it above? 🤪

oh. so he did.

[lost]

1 minute ago, steviewevie said:

oh. so he did.

I only know her from novara media and yeah I'm not really a fan of them.

Their live exit poll stream in 2019 though was one of the best things i've seen on the internet.

Edited August 4, 2022 by lost

[steviewevie]

Liz Truss still confident her plans to cut tax to grow the economy only way out of this mess...big gamble by her as many think this is a bad idea...but we'll see...

[Guest]

23 minutes ago, lost said:

PPE which isn't economics rather the standard route through to the political class in this country, masters in African studies (not economics) and then a management consultant (not economics) then a think tank who push exactly the same ideas.

Dude she's a Corbynista if you agree with her your going to be massively disappointed in Starmer.

It’s fine if you don’t agree with her but don’t attack a young woman for not being qualified when she does have qualifications. As I’ve said she probably has to justify herself all the time when her male counterparts don’t. 

[gary1979666]

5 minutes ago, squirrelarmy said:

Again part of the Tory plan. They know they’re losing the next election but as soon as they are back in power they will be digging out the “last Labour government line”

To be fair, every new government would do that. Assuming Starmer wins the next one, he'll be straight out there blaming the Tories for the promises he can't fulfil.

And last time the Liam Byrne note played straight into that narrative, so left an open goal for austerity to score into.

[steviewevie]

12 minutes ago, gary1979666 said:

 

And last time the Liam Byrne note played straight into that narrative, so left an open goal for austerity to score into.

yeah, what a dick move that was.

[lost]

41 minutes ago, Ozanne said:

It’s fine if you don’t agree with her but don’t attack a young woman for not being qualified when she does have qualifications. As I’ve said she probably has to justify herself all the time when her male counterparts don’t. 

I've said exactly the same thing about David Blanchflower on here.

[steviewevie]

31 minutes ago, lost said:

I've said exactly the same thing about David Blanchflower on here.

what's wrong with his qualifications?

[lost]

1 minute ago, steviewevie said:

what's wrong with his qualifications?

Well he's actually got more qualifications and probably more right to call himself one (So I must be a misandrist 😆) His PHD is in the economics of happiness. If you read it he just seems to go on about how important a good sex life is to happy. I think he wrote it just before his wife ran off with a lesbian:

https://en.wikipedia.org/wiki/Blanchflower_v._Blanchflower

[steviewevie]

 

[mattiloy]

2 hours ago, lost said:

Just pointing she's the economic equivalent to what the mainstream labelled an anti-vaxxer 18 months ago. Its an opinion on the fringe of the mainstream.

Not true.

There is a massive disparity between academic economics and economics as told by right wing politicians and media outlets. In academia the neoclassical school, which is the one you seem to interpret to be ’mainstream’, is increasingly irrelevant. But it suits vested corporate interests, so it just won’t die.

Wage price spirals are a myth. The current inflation is transient and caused by a combination of a glut of pent up demand from covid and the supply side disruption it caused. Now we’re moving into a lower demand, higher supply environment. Oil and raw materials futures have taken a sharp downturn in the last couple of months and some US forecasters are suggesting that if it continues at the same rate there might even be a deflationary period on the horizon.

[lost]

5 minutes ago, mattiloy said:

Not true.

There is a massive disparity between academic economics and economics as told by right wing politicians and media outlets. In academia the neoclassical school, which is the one you seem to interpret to be ’mainstream’, is increasingly irrelevant. But it suits vested corporate interests, so it just won’t die.

Well I'm generally a fan of economists who'd I describe as having "skin the game" i.e. their income levels are determined on how right their economic ideas are. I wouldn't call these mainstream.

As I pointed out nearly every central bank is doing the same, in the same way nearly every country locked down during covid. There maybe voices on the fringes but they can't be described as mainstream by definition.  

[Guest]

From my very basic knowledge rising inflation is normally due to high levels of spending due to consumer confidence so a federal bank or BoE will raise interest rates to give people less money to spend triggering a recession and bringing prices down.

However this time round it’s manly due to supply chain issues and with growth here in the UK slow and wages stagnant people aren’t spending that much so raising interest rates with just put more pressure on people who don’t have the money as it is. It’s adding hardship when times are already tough. We need to encourage people to pump money back into the economy atm not keep it back to pay for a £300 energy bill.