Reply to: Why we want more rich people

[lilelvis2000]

The U.K. is a bastardization of Capitalism and Socialism caused by the constant seesaw of governments (Tory, Labour).

Since Blair its mainly been about cronyism.

[Bunk]

Yes maybe Marx was right.

Looking at succesful economies round the world (who have no natural resources): Germany, S. Korea, Taiwan, Singapore - not one has got where it is by relying on the free market. Instead government has taken an active role in shaping the economy.
In the UK this approach is discredited, because it didn't work when it was tried.
But perhaps it was tried by the wrong people: Oxbridge humanities grads rather than technocrats.

But if we tried it today, would the right people be in charge this time? Sadly I doubt it.

[sasguru]

That's the dead end of capitalism road anyway, old chap.

Yes maybe Marx was right.

Looking at succesful economies round the world (who have no natural resources): Germany, S. Korea, Taiwan, Singapore - not one has got where it is by relying on the free market. Instead government has taken an active role in shaping the economy.
In the UK this approach is discredited, because it didn't work when it was tried.
But perhaps it was tried by the wrong people: Oxbridge humanities grads rather than technocrats.

[DodgyAgent]

The U.K. is a bastardization of Capitalism and Socialism caused by the constant seesaw of governments (Tory, Labour).

And all the better for it except that those entrusted with redistributing wealth (you know who you are) prefer to use it to enrich themselves.

[Peoplesoft bloke]

The U.K. is a bastardization of Capitalism and Socialism caused by the constant seesaw of governments (Tory, Labour).

It would be nice (maybe) if governments had half the power ascribed to them. To listen to some people, the country is always totally ruined by one party, saved by another. Of course this is just bollocks spouted by people with no grip on reality.

We've got a mixed economy with a fair degree of consensus - each party introduces a few headline-grabbing spiteful "reforms" to get up the nose of the other lot, but nothing much actually changes - meanwhile all the "rules" are set by more powerful nations and multi-national corporations.

[proggy]

The U.K. is a bastardization of Capitalism and Socialism caused by the constant seesaw of governments (Tory, Labour).

[AtW]

If you want people to get rich we have to bring back capitalism, rather than the current system of oligarchism and corporatism

That's the dead end of capitalism road anyway, old chap.

[AtW]

Lord Ashcroft to give away half of his fortune - BelfastTelegraph.co.uk

40% would have been taken as inheritance tax anyway? Suprised Labour did not introduce "higher rate inheritance tax" band at 50%+

[d000hg]

Most capitalists are of no use to anyone. they care only about their own wealth whilst caring not a jot about the poor. If they really cared they would donate their vast fortunes of money to the poor through charities.

FTFY

[bobspud]

An interesting take on charity can be heard here

Dan Pallotta: The way we think about charity is dead wrong | Video on TED.com

Not sure about his views but I can see his point.

[xoggoth]

If you want people to get rich we have to bring back capitalism, rather than the current system of oligarchism and corporatism whereby the financial sector is not as concerned with lending money to small businesses as it is with making profits through arcane financial instruments in order to enrich its directors. Whilst this state of affairs continues, the UK will continue its decline to penury.

Forgot to log in and thus read a SAS post that would normally be on my ignore list and I entirely agree. Wow!

[Scoobos]

In fact a bit like Lord Ashcroft has done - only he is a Tory

Can't wait to find out the dirt on what hes been doing. Do you think he lost it and went cottaging when thatcher died in a kind of breakdown and unsatisfied lust mix?

[DodgyAgent]

If you want people to get rich we have to bring back capitalism, rather than the current system of oligarchism and corporatism whereby the financial sector is not as concerned with lending money to small businesses as it is with making profits through arcane financial instruments in order to enrich its directors.
Whilst this state of affairs continues, the UK will continue its decline to penury.

But you are quite right much as I loathe agreeing with you

[IRMe]

Mau Zedong and Stalin's policies killed more people than Hitler's ever did. They never mention that.

Score another for Godwin, and in only 11 posts. Good effort.

[DimPrawn]

If you want people to get rich we have to bring back capitalism, rather than the current system of oligarchism and corporatism whereby the financial sector is not as concerned with lending money to small businesses as it is with making profits through arcane financial instruments in order to enrich its directors.
Whilst this state of affairs continues, the UK will continue its decline to penury.

WHS.

Now, is gold going up or down from here?