UK IX: This Economy Will Self-Destruct In...

[Cassius_Smoke]

The idea that the Tories are good with the economy and Labour are spendthrift cowboys is a total media-created falsehood, not backed up by the facts.

We are literally living through a Tory economy right now. And if I'm right about this, and I think I am, its ****ing terrible!
We actually had an economic boom during the last Labour government, remember those days?

[Asura]

Are some people here really in favour of a Labour government?

Yes, because I don't expect history to repeat itself in exactly the way it did in the 70s.

We're moving to a situation in the 2020s and 30s where wealth inequality - between both poor and rich people, and workers and the corporations they work for - has absolutely skyrocketed, and events like the Panama Papers have proven that believing this wealth "trickles down" to the man-in-the-street is a complete falsehood. The already-wealthy want to make money and stash it in tax havens, and corporations want to operate all over the world but claim they're headquartered in tax havens too.

Recent changes and upcoming changes are going to completely wreck things if we don't start making changes. We're flying blindly into a second industrial revolution; and while the first replaced most artisan workers with fewer, concentrated factory workers (but left the thinky-thinky or otherwise demanding jobs untouched) we're tentatively seeing some of those things start to get eaten up in the new AI revolution. Self-driving vehicles will threaten all driving-based jobs (taxis, deliveries, freight, forklifts in warehouses, trains, cranes...). Art generation tools will threaten artist jobs (this is already happening, with people using AI tools to illustrate the backdrops in graphic novels and the like).

Meanwhile, we have the boomer generation dying and leaving their wealth to their kids, which is cementing the landlording culture and threatens to create a new serf underclass of perpetual renters, for whom property ownership is entirely out of their reach.

Labour's intent to renationalise power and rail are a firm step in the right direction. We need to move to a situation where these things are not run for the profit motive, and we need to start now. Privatisation has failed, like everyone who didn't stand to steal a ****load of money legally from the public always knew it would. It's time to put an end to that fully, de-rail that gravy train and get civilisation on track to something that isn't just "the rich get richer".

[fishbowlhead]

Yes, because I don't expect history to repeat itself in exactly the way it did in the 70s.

We're moving to a situation in the 2020s and 30s where wealth inequality - between both poor and rich people, and workers and the corporations they work for - has absolutely skyrocketed, and events like the Panama Papers have proven that believing this wealth "trickles down" to the man-in-the-street is a complete falsehood. The already-wealthy want to make money and stash it in tax havens, and corporations want to operate all over the world but claim they're headquartered in tax havens too.

Recent changes and upcoming changes are going to completely wreck things if we don't start making changes. We're flying blindly into a second industrial revolution; and while the first replaced most artisan workers with fewer, concentrated factory workers (but left the thinky-thinky or otherwise demanding jobs untouched) we're tentatively seeing some of those things start to get eaten up in the new AI revolution. Self-driving vehicles will threaten all driving-based jobs (taxis, deliveries, freight, forklifts in warehouses, trains, cranes...). Art generation tools will threaten artist jobs (this is already happening, with people using AI tools to illustrate the backdrops in graphic novels and the like).

Meanwhile, we have the boomer generation dying and leaving their wealth to their kids, which is cementing the landlording culture and threatens to create a new serf underclass of perpetual renters, for whom property ownership is entirely out of their reach.

Labour's intent to renationalise power and rail are a firm step in the right direction. We need to move to a situation where these things are not run for the profit motive, and we need to start now. Privatisation has failed, like everyone who didn't stand to steal a ****load of money legally from the public always knew it would. It's time to put an end to that fully, de-rail that gravy train and get civilisation on track to something that isn't just "the rich get richer".

I hope your looking forward to another 4 more years of a tory, coalition government, because all the retards voted tory again and the opposition couldn't get a majority to get rid of them.

[Neon Ignition]

That's the key part, it's not even possible for Labour to take the country back to 1970's economics because the world has changed so much in the last 50 years and the modern Tory era along with the Thatcher era years have completely changed the board. That's without considering the current state of the Labour party where I personally find it hard to look at Starmer and believe that he is a man who believes in the kinds of ideological left leaning policies that would remotely come close to that scenario.

Then you have to factor in the looking out the window element. I don't know how it's possible to fear Labour when looking through the prism of what we have now and where we're headed. Even in 2010 when they lost they weren't reviled. that came later as the legacy of Blair changed and Corbyn failed to take the party in a positive direction. Like prinny says, the idea that the economy died because of Labour is a massive troll by the Tories that has been allowed to work far too well instead of recognising the 2008 crash for the global situation it was. The Tories pull back of things was simply the natural post-recession upturn that always would have happened and did so largely under the groundwork Labour had laid during its term. It's why the Tories arguments now as so flacid, they've been in power long enough that their decision making is inescapable in where the responsibility lies. Claiming Labour are bad at things when looking at what the Tories have systematically done the country in three short years - three years where their hands have been tied behind their backs half the time due to leadership contests, Brexit and pandemic lockdowns - is a staggering scale of incompetence.

Except incompetence is the wrong word because it sells the Tories short. They've also demonstrated a transparent, clear and purposeful lack of ethics, moral code, accountability and a true streak of wickedness. They're the Trump party, the fascist state held back only because the existing systems are just enough to stop them from running completely away with their true ambitions and practices.

Wanting to vote for the Lib Dems or whoever else than Labour is fine and I know all the usual arguments about other parties not getting into power if no-one ever switches vote to them but the cold fact for 2024 is it's either Labour or the Tories (coalition of Labour/Lib Dem possibility aside) and I just can't square voting any way that contributes to propping up another 5 years for Truss, Mogg and Co.

[Hirst]

Your post is as spot-on as Fallenangle's is deluded, but I'm going to be the resident pedant here because this part is incorrect.

Tony Blair's Labour Government was in its third term of power in 2005. He resigned in 2007 and Gordon Brown took over as PM. David Cameron lead the Tories to power (as part of the coalition with the Lib-Dems) in 2010.

You're right, where did I get 2005 from? It stuck in my head for some reason.

[Colin]

It just feels that long.

[Protocol Penguin]

Truss is having total car crash interviews on BBC local radio stations this morning.

https://twitter.com/dinosofos/status/1575395660018368514?

https://twitter.com/tobyontv/status/1575393556067393538?

[Neon Ignition]

It's like she's popped up to kick the back of the leg of the economy, straddle its shoulders and pull a rope around its throat tight whispering 'shh, shh, it'll all be okay' into its ears as it loses consciousness

[Cassius_Smoke]

No way someone as flimsy as she is, is in control of this country. Someone is the puppet master. She's a absolute idiot

[Nu-Eclipse]

No way someone as flimsy as she is, is in control of this country. Someone is the puppet master. She's a absolute idiot

Rees-Mogg & the Conservative ERG would be the obvious prime suspects.

[fishbowlhead]

Industry heads would be more likely, all the mp’s are just stooges for their employer.

How many of them DON’T have directorships or indirect contracts with private companies that benefit both parties? Any?

[Yakumo]

No way someone as flimsy as she is, is in control of this country. Someone is the puppet master. She's a absolute idiot

We've known she's an idiot forever. Pork Bellies, anyone

[Nu-Eclipse]

Industry heads would be more likely, all them mp’s are just stooges for their employer.

How many of them DON’T have directorships or indirect contracts with private companies that benefit both parties? Any?

Oh no doubt, but it would be naïve to think that the ERG and the person who helms it haven't manoeuvred themselves into some position of influence within this government.

[Lebowski]

Truss is having total car crash interviews on BBC local radio stations this morning.

https://twitter.com/dinosofos/status/1575395660018368514?

https://twitter.com/tobyontv/status/...3556067393538?

The baffled silence here speaks volumes she had no response to the following

"We are going to pay more in mortgage increases because of what you have done than we would have paid in energy costs"...

Where do we go from here they cant reverse the mini budget as it shows that the goverment doesn't have a clue, and the bank of England cant just keep throwing money at this problem that it has had to spend 65 billion on gilts over 45 billion in tax cuts is crazy, If they hadn't done this the pension markets would have crashed yesterday.

How do we still have the narrative out their that if Labor where in power things would be far worse, like Labour would do stupid things like abolish an entire tax bracket and crash the housing market in one fell swoop. How can anyone stand up and still say their fiscally competent it scares me that even here we are seeing that tabloid soundbytes repeated even here!!! No other country has tanked their economy trying to fix the global Fuel crisis so far.

[Colin]

To think I claimed to my wife that this country would never see a worse PM than Boris Johnson.