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Utterly outstanding podcast. 10:48 - Feb 1 with 614 viewshampstead_blue

Intelligence Squared.

Yanis that incredibly engaging economist (that's a joke btw)
Brian Eno - Just a weapon.....

Talking ideas on how to change capitalism. Absolutely inspiring.
Loads of good ideas, Ok most of it way to left for me BUT.......you need to start somewhere to begin in the search of good and compromise.

They are talking about nationalising the world economy but allowing scope for entrepreneurs and corporations to still enjoy profits and create wealth (their own).

You can have an economy with social good weaved in if you allow bright, motivated, and energetic people make money.
They gave an example of the TrainLine. Yanis stated that 75p of each transaction is sent to KKK. A rather large Private Equity firm. This effectively privatises wealth. He argues that if you tweak capitalism you can divert a % of that 75p to local, regional, national, global, social causes. I like that idea - Social Enterprise anyone....

If a small portion of my consumption went to a fund which worked locally, nationally, and globally, to reverse climate change I'd be in.

Even though they are very left wing at NO POINT did they talk about punitive and destructive personal taxation.


Assumption is to make an ass out of you and me. Those who assume they know you, when they don't are just guessing. Those who assume and insist they know are daft and in denial. Those who assume, insist, and deny the truth are plain stupid. Those who assume, insist, deny the truth and tell YOU they know you (when they don't) have an IQ in the range of 35-49.
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Utterly outstanding podcast. on 11:23 - Feb 1 with 569 viewsmonytowbray

Some of us have been saying capitalism has gone too far and needs more socialist principles for ages. It’s not a new thing.

TWTD never forgets…
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Utterly outstanding podcast. on 12:59 - Feb 1 with 500 viewsGuthrum

Altho that's actually little more than taxation dressed up to look nice. With a bit of ring-fencing so specific revenue goes to particular places (as happens with the TV licence and is supposed to with road tax and National Insurance).

Not that I'm suggesting that's a bad thing. I've long argued that taxation can be effective without being unfair or punitive. It's just that, in the present atmosphere, people don't like "the Government taking my hard earnt money and wasting it". They'd rather waste the money themselves, or hoard it to pass on to their specific offspring, rather than building a strong and prosperous society.

It's one effect of the mistrust of Westminster Elites (the Washington Swamp, etc.), resulting from the constant drip of propaganda that all governments are bad, all politicians corrupt and self seeking. Propaganda put out by media owners whose wealth is often based upon inheritence (Rothermere), creation of monopolies (Murdoch) and/or tax avoidance (the Barclay Brothers).

Good Lord! Whatever is it?
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Utterly outstanding podcast. on 13:02 - Feb 1 with 495 viewsHerbivore

You voted for the opposite of that.

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Utterly outstanding podcast. on 13:39 - Feb 1 with 455 viewshampstead_blue

Utterly outstanding podcast. on 12:59 - Feb 1 by Guthrum

Altho that's actually little more than taxation dressed up to look nice. With a bit of ring-fencing so specific revenue goes to particular places (as happens with the TV licence and is supposed to with road tax and National Insurance).

Not that I'm suggesting that's a bad thing. I've long argued that taxation can be effective without being unfair or punitive. It's just that, in the present atmosphere, people don't like "the Government taking my hard earnt money and wasting it". They'd rather waste the money themselves, or hoard it to pass on to their specific offspring, rather than building a strong and prosperous society.

It's one effect of the mistrust of Westminster Elites (the Washington Swamp, etc.), resulting from the constant drip of propaganda that all governments are bad, all politicians corrupt and self seeking. Propaganda put out by media owners whose wealth is often based upon inheritence (Rothermere), creation of monopolies (Murdoch) and/or tax avoidance (the Barclay Brothers).


"taxation dressed up to look nice"

Fair point.
The point was expanded in the conversation but at a macro level so didn't get granular.

One problem with these 'big ideas' is that they rarely pass the 'reality' test.
Getting multiple Governments to act in unity and actually DO SOMETHING is nigh on impossible.

Sadly I fear these ideas whilst appealing and worthy of development will never happen.
However....

If you do shape them to fit different cultures and systems you could end-up with 'shades of'.

I know that something has to be done.

Assumption is to make an ass out of you and me. Those who assume they know you, when they don't are just guessing. Those who assume and insist they know are daft and in denial. Those who assume, insist, and deny the truth are plain stupid. Those who assume, insist, deny the truth and tell YOU they know you (when they don't) have an IQ in the range of 35-49.
Poll: Best Blackpool goal

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