David Cameron suggests cutting housing benefit for under-25s

[gingerjedi]

Hiring people abroad for cheaper wages means we get our products cheaper here.

Protectionism always fails.

Christ on a bike, just where do British workers fit into your 'plan' when you deny them work and benefits?

[DodgyAgent]

Quite. So why, according to you, is anyone who advocates philanthropy or espouses philanthropic principles a leftie?

There is nothing philanthropic about condemning people to a life of unemployment and supporting inefficient public services. If you look carefully at what gates is doing he is trying to bring the best out of free market capitalism to benefit everyone. He wishes to bring together the public and private sector to extend the benefits of capitalism to all.
This is very different to what lefties want -they want everyone except themselves to be poor.
Lefties are more preoccuppied with trying to send messages about themselves and worrying about other people making more money than them. The last thing they want to do is to enter a debate about raising standards for everyone.

[Mich the Tester]

No, it's not cretin - you need to learn the difference between bonds (loans) and shares.

They are all, effectively, loans with different forms of pay out. Anyway, what makes you think it's impossible for the google story to happen in the UK? There are plenty of venture capitalists in the UK, I happen to know a few of them, and some of them do have the guts to write a big cheque to a tech start-up. However, they'll probably also be lending themselves money from their own Ltds, so you wouldn't want to know them.

[AtW]

They are all, effectively, loans with different forms of pay out.

Are you stupid of what?

Lending implies return of the loan + %: often requires security and this much lower risk - this is RENTING MONEY.

Investing into share is BUYING some shares in exchange of SOLD money. The risks are completely different and transaction is completely different - that's very obvious in accounting but I guess you mainly know how loans look on your balance sheet.

Anyway, what makes you think it's impossible for the google story to happen in the UK? There are plenty of venture capitalists in the UK

Google story is something that happens once in a decade, Facebook is the only story after tham and prior to that Microsoft - all US companies.

UK VC scene has no money for this sort of effort - never had and never will.

What's worse is that even at lower end it's still very hard - certainly nobody will write you a cheque for $100k before company even created (like it happened in Google's case).

[Robinho]

I don't want to (and categorically DON'T) buy products made in a way which would be illegal in my own country. In the past 10 years this has definately become a MUCH harder thing to do, not better - so competition, globalisation whatever you want to call it has not done anything to ensure "people play fair" it gets unfairer by the year.

I don't want to be involved in exploitation.

It's not exploitation. It is opportunity. Nobody forces them to work. You're denying them the only thing that in the long run can get them out of poverty.

[Scoobos]

That got a sick belly laugh from me.....

As if .....

[Robinho]

Christ on a bike, just where do British workers fit into your 'plan' when you deny them work and benefits?

We get things for cheaper remember. It's about purchasing power, not outright wage. We are also able to sell other things to these countries that are also getting richer from outsourcing. Meaning we all benefit.

Life is NOT a zero sum game.

[Robinho]

That got a sick belly laugh from me.....

As if .....

That's because you are clueless.

[DodgyAgent]

That got a sick belly laugh from me.....

As if .....

Are you exploited when you work?

[Scoobos]

DA I've told you, Im not playing with you anymore today - tommorrow.

Rob - Awww, you lose - first to turn to insults.

You have no idea how lucky you are to be born where you are...

You have no idea about developing nations and the "choice to work" or the hand we play in LIMITING these opportunities.

Go out and work in Indonesia and come back and tell me how much "choice" you think people have, or how great work its doing for the country...

Its very very similar to the OP - lots of people (like David C) who are so detached from the life that the MAJORITY of the world (or country for Dave) live, that they think everyone has the same opportunity they did or do.

It's tosh, and if you don't support the weakest members they will rise up and bite you , be that the "underclass" in the UK, or the grossly exploited citizens of foreign countries who's rights are quashed in the name of external profit.

We give NOTHING back to the countries, as soon as they get anywhere near the ability to start introducing fair wages, workers rights etc, the companies just move operations to the next poor victim.


There are hundreds of examples of things like this:

http://plan-international.org/about-...eveals-report/

"This research on tobacco farms in Malawi reveals that child labourers, some as young as 5, are suffering severe physical symptoms from absorbing up to the equivalent of 50 cigarettes a day through their skin.

As the tobacco industry continues to shift its production to developing countries, more vulnerable children are being exposed to these hazardous working conditions."

Thats good is it? That's building opportunity for the country?

As soon as it's eradicated there it will go elsewhere...