| Britain needs a big reset to a fair economic system if it wants to avoid anarchy (n/t) 10:30 - Aug 4 with 4670 views | NthQldITFC |
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| Britain needs a big reset to a fair economic system if it wants to avoid anarchy on 16:45 - Aug 4 with 1066 views | NeedhamChris |
People like you are part of the problem. There's no justification for Nazi like behaviour and we shouldn't be giving it any form of justification.
They need cracking down on and punishing, not appeasing.
It's disgusting. |  |
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| Britain needs a big reset to a fair economic system if it wants to avoid anarchy on 17:28 - Aug 4 with 998 views | NthQldITFC |
| Britain needs a big reset to a fair economic system if it wants to avoid anarchy on 16:45 - Aug 4 by NeedhamChris |
People like you are part of the problem. There's no justification for Nazi like behaviour and we shouldn't be giving it any form of justification.
They need cracking down on and punishing, not appeasing.
It's disgusting. |
Are you addressing me?
edit: It would appear you were. I'm struggling to decide what to write here. I think it's best I don't write anything much. Good job this is a virtual 'conversation'. [Post edited 4 Aug 2024 17:34]
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| Britain needs a big reset to a fair economic system if it wants to avoid anarchy on 17:31 - Aug 4 with 972 views | NeedhamChris |
| Britain needs a big reset to a fair economic system if it wants to avoid anarchy on 17:28 - Aug 4 by NthQldITFC |
Are you addressing me?
edit: It would appear you were. I'm struggling to decide what to write here. I think it's best I don't write anything much. Good job this is a virtual 'conversation'. [Post edited 4 Aug 2024 17:34]
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Yes.
An unfair economic system is not a justification for widespread violence, rioting and attempted murder. I find it unhelpful to suggest this group need reasoning with. | |
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| Britain needs a big reset to a fair economic system if it wants to avoid anarchy on 10:07 - Aug 6 with 847 views | SuperKieranMcKenna |
| Britain needs a big reset to a fair economic system if it wants to avoid anarchy on 13:43 - Aug 4 by SuperKieranMcKenna |
Agreed - we are largely through the cost of living crisis, and inflation pretty much tamed. I think conflating this with the economy is letting hate mongers off the hook slightly. We had major economic recessions in the early 90’s and the GFC with most people able to not start race riots *.
This seems to be a social media-led far right resurgence. They’ve been emboldened being able to spread unimpeded hate on these platforms, as well as rhetoric from politicians. I suspect you wouldn’t have to dig to deep to find Russian involvement (bots/trolls), these are the kind of hybrid warfare tactics they look to deploy in order to spread social unrest in the West. Unfortunately some people are simple enough to fall for it hook, line…
*in fact the reason we’ve been able to attract so many immigrants is the standard of living in this country versus most of the rest of the world. [Post edited 4 Aug 2024 13:56]
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Re Russian involvement, this is now an official line of investigation:-
https://www.reuters.com/world/uk/uk-examines-foreign-states-role-sowing-discord-
Interesting that self-styled ‘patriots’, are probably doing the work of belligerent states abroad. Musk’s comments regarding civil war being inevitable are appalling- I cannot fathom how anyone can justify remaining on X, or thinking of buying one of his poorly built cars. | | | |
| Britain needs a big reset to a fair economic system if it wants to avoid anarchy on 10:30 - Aug 6 with 788 views | Mookamoo |
| Britain needs a big reset to a fair economic system if it wants to avoid anarchy on 11:22 - Aug 4 by Guthrum |
The fall of the Roman Empire* was largely down to repeated debasement of the coinage, causing an economic crisis, coupled with endemic civil war between rival claimants to the imperial throne. The Vandals seizing North Africa was a major disaster, being the region which provided a lot of the food and manpower for the Western Empire. The decision to defend at the frontier, absorbing the client buffer states beyond it (in the search for military glory) also overstrained the military.
The major issue in the West currently is that human labour has become too expensive to compete with places like China, while needing to support a large and ageing population. Taxation is so unpopular it is impossible to raise sufficient funds to cover adequate outgoings. The debts themselves are largely irrelevant, given institutions will bend over backwards not to make large nations default, as they know it would be them taking the pain, not the borrower. Governments can also borrow money relatively easily (if, perhaps not cheaply) to cover interest and bond repayments.
* Strictly speaking, the Western Roman Empire being partially fragmented and taken over by Germanic/Gothic groups, many of whom saw themselves as direct successors to it. |
French Revolution too. Economic instability caused by not being able to tax the rich who have the money, disenfranchised citizens, cost of living crisis from food supply problems.
All started with a few riots in the provinces until the capital erupted. |  | | |
| Britain needs a big reset to a fair economic system if it wants to avoid anarchy on 10:57 - Aug 6 with 744 views | DJR |
Only a small reset, but the FT is reporting a possible easing of the fiscal rules by Rachel Reeves.
https://www.ft.com/content/bddaab04-5e45-46ee-bba9-85cd2d10960a
"Rachel Reeves leaves door open to higher borrowing to tackle UK ‘fiscal hole’
Chancellor declines to rule out reclassifying how debt is measured ahead of visit to US and Canada to drive investment
Rachel Reeves has left open the door for higher borrowing to fill part of Labour’s “fiscal hole”, as she refused to rule out changing the way UK debt is measured.
Analysts say using a different definition of debt to assess whether the government had met its fiscal rules — stripping out losses on the Bank of England’s bond-buying programme — could allow the chancellor to borrow £17bn more without breaking her self-imposed limits.
Asked whether she was planning to make the change, Reeves declined to rule it out. “We’ll publish the precise details of the fiscal rules in the Budget,” she said. [Post edited 6 Aug 2024 10:58]
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| Britain needs a big reset to a fair economic system if it wants to avoid anarchy on 11:19 - Aug 6 with 702 views | SuperKieranMcKenna |
| Britain needs a big reset to a fair economic system if it wants to avoid anarchy on 10:57 - Aug 6 by DJR |
Only a small reset, but the FT is reporting a possible easing of the fiscal rules by Rachel Reeves.
https://www.ft.com/content/bddaab04-5e45-46ee-bba9-85cd2d10960a
"Rachel Reeves leaves door open to higher borrowing to tackle UK ‘fiscal hole’
Chancellor declines to rule out reclassifying how debt is measured ahead of visit to US and Canada to drive investment
Rachel Reeves has left open the door for higher borrowing to fill part of Labour’s “fiscal hole”, as she refused to rule out changing the way UK debt is measured.
Analysts say using a different definition of debt to assess whether the government had met its fiscal rules — stripping out losses on the Bank of England’s bond-buying programme — could allow the chancellor to borrow £17bn more without breaking her self-imposed limits.
Asked whether she was planning to make the change, Reeves declined to rule it out. “We’ll publish the precise details of the fiscal rules in the Budget,” she said. [Post edited 6 Aug 2024 10:58]
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In fairness £17bn doesn’t even seem worth reporting, given it’s not additional spending on public services but to cover some of the supposed £22bn shortfall left by the previous incompetents. That isn’t even enough to cover 2 months of the £116bn a year we are frittering away servicing our current national debt.
I’ll await their first formal budget to see whether there is any genuine attempt to increase taxes on wealth rather than working people. CGT seems an easy hit given it’s usually unearned income - I still find it insane that a junior nurse is paying a higher tax rate than the likes of Rishi Sunak (from his investment income). | | | |
| Britain needs a big reset to a fair economic system if it wants to avoid anarchy on 11:30 - Aug 6 with 676 views | DJR |
| Britain needs a big reset to a fair economic system if it wants to avoid anarchy on 11:19 - Aug 6 by SuperKieranMcKenna |
In fairness £17bn doesn’t even seem worth reporting, given it’s not additional spending on public services but to cover some of the supposed £22bn shortfall left by the previous incompetents. That isn’t even enough to cover 2 months of the £116bn a year we are frittering away servicing our current national debt.
I’ll await their first formal budget to see whether there is any genuine attempt to increase taxes on wealth rather than working people. CGT seems an easy hit given it’s usually unearned income - I still find it insane that a junior nurse is paying a higher tax rate than the likes of Rishi Sunak (from his investment income). |
I had assumed (perhaps wrongly) that much of this extra wriggle-room might be used for public investment rather than day-to-day spending because I agree there is a black hole that only increased taxes on wealth would seem to solve, if the main taxes are to be spared.
Having said this, Labour have already cancelled some investment projects (eg. new hospitals), so maybe this wouldn't be their focus. [Post edited 6 Aug 2024 11:33]
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