Message for the current (and any subsequent) Governments

[Scoobos]

What Brillo says and injecting money into the economy.

This is why we've had perpetual roadworks and development - it generates work, which generates revenue.

Call me a crazy Keynesian , but the problem as I see it is in , surprisingly, our attitude to the corporate world - we've gone too far.

Money put into the UK economy is supposed to generate more money

Leakages (e.g shareholder dividends to overseas individuals , or work being "offshored" at less cost) create inflation and unemployment.

I believe this is what the IMF (Who are BIASED towards globalisation) don't really care about. They want global stability (in the power 5 anyway) - they wont give 2 hoots about the general populace of the UK for example; it just happens we are tied into finance.

My 2 cents, only m thoughts, and I do learn if someone puts me right :P

[DodgyAgent]

1. Well thats us all screwed from childbirth when you receive free healthcare - should we stamp babies with an IOU for how much they cost us?

3. Yep, its called society and it does cost- if you want to see what its like to not have a social system, why dont you pack up and go live in Brazil or Nigeria for a while and see how much you like it.

You can judge a nation on the way it treats its weakest members.

Extraordinary. You talk as if just because the system is there we should happily pay for it - no reference whatsoever to quality or value for money. Like all those on the left the intentions alone of the welfare state are enough to justify our unquestioning support for them. The truth of course is that these public services are vital to the country and therefore should be made to deliver to the highest of standards.
To criticise them is to criticise the dedicated few who work on the front line.
The fact is that this nation treats its weakest members appallingly. To say that just because we have a welfare state and Brazil does not is nothing to be proud of. If our welfare state was fantastic then we could feel proud.

[BrilloPad]

and injecting money into the economy.

This is why we've had perpetual roadworks and development - it generates work, which generates revenue.

Call me a crazy Keynesian , but the problem as I see it is in , surprisingly, our attitude to the corporate world - we've gone too far.

Money put into the UK economy is supposed to generate more money

Leakages (e.g shareholder dividends to overseas individuals , or work being "offshored" at less cost) create inflation and unemployment.

I believe this is what the IMF (Who are BIASED towards globalisation) don't really care about. They want global stability (in the power 5 anyway) - they wont give 2 hoots about the general populace of the UK for example; it just happens we are tied into finance.

My 2 cents, only m thoughts, and I do learn if someone puts me right :P

I agree with all the above BUT of course it helps alot if you have saved during the good times. The previous government spent spent spent.

Of course we could start spending now and print the money to do it. That would increase inflation and worsen our fx position, increasing cost of imports.

I am tempted to say I know little and will leave it up to Merv to decide the best way - but he has proved himself more inept than the dead mouse my cat deposited in the dining room this morning.

[xoggoth]

Too much concentration by left and right on their own hates, bankers/CEOs with huge bonuses on the one hand or welfare scroungers on the other. What we need to do is distinguish at all levels between those who make an effort and those who don't.

Professionals with unmerited bonuses or avoiding tax, overpaid London tube door openers, civil servants with unafordable pensions, welfare sorts who make no effort to work or live in expensive areas, migrants accessing our services who never paid anything, we need to tackle all of these.

While bankers understandably annoy because of the individual figures involved, don't forget there are far more parasites lower down the chain and they cost us far more. More importantly, when the undeserved receive the fruits of our efforts it is destructive of incentive.

"From each according to his ability, to each according to his need" Sensible stuff.

[DodgyAgent]

What Brillo says and injecting money into the economy.

This is why we've had perpetual roadworks and development - it generates work, which generates revenue.

Call me a crazy Keynesian , but the problem as I see it is in , surprisingly, our attitude to the corporate world - we've gone too far.

Money put into the UK economy is supposed to generate more money

Leakages (e.g shareholder dividends to overseas individuals , or work being "offshored" at less cost) create inflation and unemployment.

I believe this is what the IMF (Who are BIASED towards globalisation) don't really care about. They want global stability (in the power 5 anyway) - they wont give 2 hoots about the general populace of the UK for example; it just happens we are tied into finance.

My 2 cents, only m thoughts, and I do learn if someone puts me right :P

I think your wealth creation scheme is brilliant. I am going to borrow money to set up a restaurant and then borrow more money so that I can then lend it to people to come and eat in it.

I can also set up a hole filling business where I can borrow money to buy a spade and dig some holes . I can then borrow some more money to pay people to fill in the holes

British Leyland in its hey day used to copy a similar model. They had a factory that used to build parts for Standard cars 15 years after they stopped making them. Even though there was some tiny demand for the parts 90% of the bits were put in storage.
Now of course to sustain these "public funded" employment schemes the government had to either borrow money or raise taxes which of course had the effect of raising interest rates and stifling proper entrepreneurial activity. Needless to say the country went bust.

[BrilloPad]

British Leyland in its hey day used to copy a similar model.

That was only a part of their problem. The other issue was poor understanding of marketing.

For the Italian job the film makers had to buy the minis themselves. The professionals wanted to use BL - but found they could get given the cars for free by Ford.

But IMO there is nothing wrong with borrowing for infrastructure projects. I would like to see a Thames Estuary airport combined with a new Thames barrier as the old one is noty going to last forever.

[lukemg]

You can't do it on your own, so we will have to pay into a collective pot but any public sector needs to be as tiny as possible and very closely controlled - it's a shambles now at all levels.
The costs only ever go up due to no incentive to reduce - recent programme about chancellors, no-one has ever asked for less money but there is a massive queue with hands out.
It's the price we pay to stop the riots being an everyday occurence. This is what the world is like if you don't dish out enough to the peasants. OR you go like Brazil with compounds for the people with money and everyone else in a shack outside.
By the way - there aren't enough rich people around to make any difference if they are squeezed, they just do one.
BUT the biggest issue is that the short electoral cycle means very short term thinking across all parties, they don't have a choice if they want to stay on the gravy train and have to pander to the masses rather than make the best decisions.

[xoggoth]

have to pander to the masses

I think the problem is that they don't pander to the masses nearly enough. Sensible concerns by the majority are constantly ignored. Part of the problem is the electoral system whereby Labour has a built in advantage and all parties pander to minorities who are strong in individual marginal constituencies. We need a proper proportional system, pity the Lib Dems screwed up by proposing a crappy flawed system.

[Scoobos]

I think your wealth creation scheme is brilliant. I am going to borrow money to set up a restaurant and then borrow more money so that I can then lend it to people to come and eat in it.

Its not mine DA - It's the established driving force that tories included have subscribed to for at least the last 20 years... Keynesian economics.. What we are taught at degree standard along with other economic theories.

LukeMG and Xoggoth I agree.

[d000hg]

You can judge a nation on the way it treats its weakest members.

MF claims he's doing quite well.